Alan Brugler
Hogs Post Strength to Close Out Week
BarchartFri Oct 25, 4:33PM CDT
Lean hog futures closed out the Friday session with contracts up 7 cents to $1.02 across most months. The national average base hog price was reported at $75.66 on Friday afternoon, up 41 cents from the previous day. The CME Lean Hog Index was reported at $85.20 on October 23,...
Cattle Close with Mixed Action Leading into Cattle on Feed Report
BarchartFri Oct 25, 4:33PM CDT
Live cattle futures saw a 40 cent gain in the October contract on Friday, with the rest of the board steady to 20 cents lower. Cash trade this week has improved ~$2 from last week, with Southern sales tallied at $190-191, with the North at $190-192. The Central Stockyards online...
Corn Pares Back Weekly Gains on Friday
BarchartFri Oct 25, 4:33PM CDT
Corn futures closed out the Friday session with bulls taking money off the table ahead of the weekend and down 1 to 6 ¼ cents across the board. That was led by Dec which saw this weeks gains trimmed to just 10 ½ cents. The national average Cash Corn price...
Soybeans Face Product Pressure on Friday
BarchartFri Oct 25, 4:33PM CDT
Soybeans closed out the week with contracts 3 to 8 ½ cents in the red on Friday, as November managed a weekly gain of 17 ¾ cents. November soybean options expired today. The average close for November soybean futures so far in October is $10.09. That is $1.46 below the...
Wheat Leads Grain Complex Lower
BarchartFri Oct 25, 4:33PM CDT
The wheat complex was the weak spot for the grains on Friday, as all three exchanges faced double digit front month losses. Chicago SRW futures were down 5 ½ to 12 ½ cents across the board, as Dec was down 3 ¾ cents this week. KC HRW contracts closed out...
Cotton Slipping Lower on Friday
BarchartFri Oct 25, 4:33PM CDT
Cotton futures settled the Friday session with contracts down 20 to 97 points across most contracts. December pulled back another 33 points this week. The outside markets were mixed, with crude oil adding some support and up $1.56/barrel, as the US dollar index was 281 points higher. Weekly Export Sales...
Soybeans Heading Lower on Friday, with Product Pressure
BarchartFri Oct 25, 12:09PM CDT
Soybeans are trading with Friday midday losses of 7 to 10 cents as the trade looks to round out the week. November soybean options expire today. The average close for November soybean futures so far in October is $10.10. That is $1.45 below the February base insurance price. CmdtyView’s national...
Hogs Posting Gains Following Cutout Strength
BarchartFri Oct 25, 12:09PM CDT
Lean hog futures are trading with midday gains of 45 cents to $1. The national average base hog price was reported at $74.42 on Friday morning, down 93 cents from the previous day. The CME Lean Hog Index was reported at $85.20 on October 23, up 54 cents from the...
Cotton Slipping Lower on Friday
BarchartFri Oct 25, 12:09PM CDT
Cotton futures are trading with Friday losses of 57 to 73 points at midday. The outside markets are mixed, with crude oil adding some support and up $1.44/barrel, as the US dollar index is 166 points higher. Weekly Export Sales data saw sales pick up, though commitments are still just...
Corn Falling to Round Out the Week
BarchartFri Oct 25, 12:09PM CDT
Corn futures are being pulled lower on spillover weakness from wheat after a week of strength. Contracts are down 4 to 6 ¼ cents at midday. The national average Cash Corn price from cmdtyView is down 6 1/2 cents at $3.82 1/2 per bu. The average close for December corn...
Wheat Dropping Double Digits on Friday
BarchartFri Oct 25, 12:09PM CDT
The wheat complex is gaining some weakness as we head into the weekend. Chicago SRW futures are showing losses of 13 to 14 1/4 cents in the nearbys at midday. KC HRW contracts are trading with midday losses of 16 to 17 cents on Friday. MPLS spring wheat is posting...
Cattle Showing Slight Gains Ahead of Cattle on Feed Report
BarchartFri Oct 25, 12:09PM CDT
Live cattle futures are posting Friday midday gains of 7 to 50 cents. Cash trade this week has improved ~$2 from last week, with Southern sales tallied at $190, with the North at $190-192. The Central Stockyards online Fed Cattle Exchange auction showed sales of 212 head on the 1,594...
Hogs Look to Round Out Week of Trade
BarchartFri Oct 25, 7:34AM CDT
Lean hog futures settled the Thursday session with contracts down a tick to $1.52. The national average base hog price was reported at $75.25 on Thursday afternoon, down $2.59 from the previous day. The CME Lean Hog Index was reported at $84.66 on October 22, up 32 cents from the...
Soybeans Slipping on Friday AM Trade
BarchartFri Oct 25, 7:34AM CDT
Soybeans are trading with Friday morning losses of 2 to 4 cents. They faded off the Thursday strength, with contracts closing mostly firm to 1 ¾ cents, as Nov was down 1 ¼ cents. The average close for November soybean futures so far in October is $10.10. That is $1.45...
Cattle Traders Look to Square Up Ahead of Cattle on Feed Report
BarchartFri Oct 25, 7:34AM CDT
Live cattle futures posted Thursday gains of 32 cents to $1.67 at the close. The Central Stockyards online Fed Cattle Exchange auction showed sales of 393 head on the 2,380 head at $189. Outside of that, Southern sale were tallied at $190, with the North at $190-192. Feeder cattle futures...