Market Snapshot (More Futures Below)
Quotes are delayed, as of March 06, 2025, 01:59:23 PM CST or prior.
Commentary
- Hogs Extend Pop on Tariff Pushback
- Lean hog futures are pushing back higher on Thursday, with gains of $1.75 to $2.10. The national average base hog negotiated price from USDA was not reported on Thursday morning due to lighter volume. The CME Lean Hog Index was back down 2 cents from the previous day on March...
- Cattle Falling Lower on Thursday
- Live cattle futures are back down $1 to $1.30 so far on Thursday. Cash trade has been reported anywhere from $195 in the south early to more recent sales of $197. Northern action has been quiet, with $195-196 bids across the country this morning. Thursday morning’s online Fed Cattle Exchange...
- Cotton Rallying Back on Thursday
- Cotton price action posting gains of 32 to 81 176 so far on Thursday. The outside markets are mixed factors with pressure coming from crude oil futures, down 10 cents/barrel. The US dollar index is supportive, down another $0.127 on the day. USDA showed export sales of 241,487 RB of...
- Wheat Rallying on Tariff Delay
- The wheat market is posting gain across the three exchanges at Thursday’s midday. Chicago SRW futures are 10 to 13 cents higher so far on the day. KC HRW futures are 8 to 13 cents so far across most front months. There were 26 deliveries against March KC wheat overnight....
- Soybean Bulls Posting Thursday Midday Gains
- Soybeans are showing 13 to 20 cent gains so far on Thursday. The cmdtyView national front month Cash Bean price is up 18 ½ cents at $9.65 1/2. Soymeal futures are up $6.10/ton, with Soy Oil futures 29 points higher. There were 220 deliveries issued against March soybeans overnight, all...
- Corn Rallying Back as Some Tariffs Pushed Back
- The corn market is in takeback mode on Thursday, with contracts up 12 to 13 cents in the front months and new crop up 4 to 5 cents. There were another 83 deliveries issued for March corn overnight. CmdtyView’s national average Cash Corn price is up 12 1/4 cents at...
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Quotes are delayed, as of March 06, 2025, 01:59:23 PM CST or prior.
