Market Snapshot
Quotes are delayed, as of March 27, 2025, 06:19:16 AM CDT or prior.
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Commentary
- Hogs Post Wednesday Strength
- Lean hog futures posted 30 to 90 cent gains across most contracts on Wednesday. The USDA national average base hog negotiated price was reported at $88.19 on Wednesday afternoon, down another $0.46 from the day prior. The CME Lean Hog Index for March 24 was up 11 cents from the...
- Corn Falls Lower on Wednesday
- Corn futures fell to another round of weakness on Wednesday, with contracts closing 4 to 7 cents lower. The CmdtyView national average Cash Corn price was down 6 cents on the day at $4.17. The weekly EIA report showed ethanol production (and this corn use) dropping back 52,000 barrels per...
- Wheat Weakness Continues on Wednesday
- The wheat market posted another round of weakness on Wednesday. Chicago SRW futures were down 8 to 9 cents in the front months at the close. Kansas City HRW contracts saw losses of 4 to 6 cents in the nearby contracts. MPLS spring wheat also extended its slide, with losses...
- Cattle Rally Back on Wednesday
- Live cattle futures saw Wednesday gains of 40 to 70 cents in the front months. Cash trade has been slow this week, with light sales at $213 in the north reported by the USDA. The Central Stockyards Fed Cattle Exchange online auction showed no sales on the 1,328 head listed...
- Soybeans Close Wednesday with Mixed Action
- The soybean market settled the midweek session with nearbys fractionally lower to and some new crop months fractionally higher. CmdtyView’s national front month Cash Bean price was down 1/2 cents at $9.42 1/2. Soymeal futures closed the midweek session with contracts down 90 cents to $1.50/ton, with Soy Oil futures...
- Cotton Post Wednesday Gains
- Cotton futures closed out the Wednesday session with contracts getting a midweek pop. Front months were up 40 to 54 points at the closing bell. Crude oil futures were up 94 cents/barrel and the US dollar index $0.369 higher on the day. The Seam showed 2,569 bales in online sales...
