Alan Brugler
Hogs Fall on Tuesday
BarchartTue Dec 10, 5:01PM CST
Lean hog futures posted losses of 82 cents to $2.30, as nearby Dec was up a tick. The national average base hog negotiated price was reported at $82.11 on Tuesday afternoon, which was down $1.09 from the day prior. The CME Lean Hog Index was reported at $83.46 on December...
Cattle Rally on Tuesday
BarchartTue Dec 10, 5:01PM CST
Live cattle futures rallied 87 cents to $2.05 on the Tuesday session. Early cash action has seen $191 trade reported in KS this week, with trade still to develop in other parts of the country. Cash trade settled in last week around $191 in the South and $191-192 in the...
Soybeans Hold Gains on Tuesday
BarchartTue Dec 10, 5:01PM CST
Soybean futures held up on the Tuesday session as USDA made minimal changes to the US or world balance sheets. Contracts were up 3 ¾ to 5 ¼ cents at the close. CmdtyView’s national front month Cash Bean price was back up 4 1/2 cents at $9.46. Soymeal futures were...
Corn Rallies on Tuesday as USDA Cuts Stocks
BarchartTue Dec 10, 5:01PM CST
Corn bulls got a pop on Tuesday following a USDA stocks revision. Futures closed with contracts fractionally to 7 ½ cents higher on the day. The national average Cash Corn price from cmdtyView was up 7 cents at $4.21. The monthly WASDE report from this morning showed a massive 200...
Cotton Falls as Stocks Increase
BarchartTue Dec 10, 5:01PM CST
Cotton futures closed out the Tuesday session with losses as USDA raised stocks. Contracts were down 40 to 76 points across the board. The outside markets were mixed factors, with the US dollar index up 275 points and crude oil back $0.7/barrel higher. USDA’s update to the balance sheet showed...
Wheat Bulls Push Higher After Stocks Cut
BarchartTue Dec 10, 5:01PM CST
The wheat complex posted gains across the three markets on Tuesday following a USDA stocks reduction. Chicago SRW futures were 3 to 5 1/4 cents higher across most contracts with Dec up ¾ cent. KC HRW contracts were up 3 3/4 to 7 cents on the day. MPLS spring wheat...
Wheat Trading with Midday Gains Following Stocks Cut
BarchartTue Dec 10, 12:02PM CST
The wheat complex is posting gains across the three markets on Tuesday’s midday. Chicago SRW futures are 1 ½ to 4 cents higher. There were 3 deliveries issued against December CBT wheat futures overnight. KC HRW contracts are up 4 to 5 cents so far on the day. MPLS spring...
Cotton Heading Lower with Stocks Increase
BarchartTue Dec 10, 12:02PM CST
Cotton futures are trading with losses of 62 to 68 points at midday. The outside markets are mixed factors, with the US dollar index up 365 points and crude oil back $0.45/barrel higher. USDA’s update to the balance sheet showed a 3 lb increase to yield at 792 lb, with...
Soybean Holding Gains at Tuesday’s Midday
BarchartTue Dec 10, 12:02PM CST
Soybean futures are holding onto gains at Tuesday with contracts fractionally to 2 cents higher. CmdtyView’s national front month Cash Bean price is back down 1 1/2 cents at $9.43. Soymeal futures are up $2.10/ton at the close. There were another 200 deliveries issued by Bunge’s house account overnight. Soy...
Hogs Falling at Midday
BarchartTue Dec 10, 12:02PM CST
Lean hog futures are posting losses of $2.50 at midday, with soon to expire dec up a nickel. The national average base hog negotiated price was reported at $80.58 on Tuesday morning, which is down $1.85 from the day prior. The CME Lean Hog Index was reported at $83.46 on...
Cattle Rallying on Tuesday
BarchartTue Dec 10, 12:02PM CST
Live cattle futures are posting gains of $1.45 to $2.10 on the day. Cash trade settled in last week around $191 in the South and $191-192 in the North, which was a $1-2 improvement from the previous week. There was some $191 trade reported in KS on Monday. There were...
Corn Rallying After USDA Slashes Stocks
BarchartTue Dec 10, 12:02PM CST
Corn bulls are feeling merry as the market trades through midday. Futures are trading with gains of 3 ¼ to 5 cents across the nearbys so far. The national average Cash Corn price from cmdtyView is up 4 1/4 cents at $4.18 1/2. The monthly WASDE report from this morning...
Hogs Slips Lower on Monday
BarchartTue Dec 10, 7:34AM CST
Lean hog futures ended the Monday session with contracts down 15 to 82 cents and a few deferreds higher.. The national average base hog negotiated price was reported at $81.02 on Monday afternoon, which is up 89 cents from the previous day. The CME Lean Hog Index was reported at...
Cotton Lower to Kick Off Tuesday
BarchartTue Dec 10, 7:34AM CST
Cotton prices are showing losses of 51 to 53 points on Tuesday morning. Futures closed with weakness on Monday with contracts down 10 to 25 points. The outside markets were mixed factors, with the US dollar index up just 91 points and crude oil back up $0.95/barrel lower. The Seam...
Corn Squaring Up Ahead of USDA Reports
BarchartTue Dec 10, 7:34AM CST
The corn market is showing fractional losses so far on the Tuesday session. Corn futures rounded out the Monday session with some buying ahead of the USDA reports set for Tuesday. Contracts were up 1 to 3 ¼ cents. The national average Cash Corn price from cmdtyView was up 1...