** AgResource Daily Cattle Analysis: Cattle futures traded a wide range through Thursday and finished well above the early lows, but still lower for the day. Cash markets went dim through Thursday, and a steady outlook is offered for early trade this morning. Feeders again marked even larger losses through the day, with August trading…
** 6:30 AM CST CBOT Prices: July soybeans are down 3.5 cents at $9.6275, July corn is unchanged at $3.6925 while July wheat is down .5 of a cent at $4.3325. ** AgResource AM Grain & Oilseed Comment: Good Morning! Steady to slightly lower is the overnight CBOT trade as a lack of fresh news…
AgResource compares CONAB’s latest Brazilian numbers to the USDA’s, and discusses what they mean to world market share this summer.
US Forecast Maintains Wet Pattern through May 31st: The EU & GFS models are in agreement that heavy rain will return to the Central US May 18-23, and key will be much corn & soy is seeded in the next week or so. Note that longer term climate guidance indicates normal/above normal precip will persist…
Hogs were slightly better at the open on Thursday, but quickly turned down in technical trading and were just below unchanged at the close. The cash market continues to move higher, with the hog index up $1.66 on Thursday at $67.64 and projected another $1.47 higher for Friday. Packers were still bidding for loads at…
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