AgResource Hog Comment and Analysis
** Hog Futures Close Firm on Steady Exports: Hog futures were quietly mixed through Thursday. The cash index continues to inch lower and was down $.61 at $57.32. Wednesday’s slaughter data indicates another $.62 lower for Friday. Barrow and Gilt carcass weights peaked in early January at 215 Lbs as the market worked through supplies…
AgResource Wheat Comment and Analysis
** CBOT Wheat Resumes Correction; World Cash Market Inching Lower: CBOT wheat futures ended 3-5 cents lower. US export demand remains intact with buyers in East Asia active in extending high protein coverage. Yet, pace analysis continues to suggest that final exports will be 975-1,000 Mil Bu – at/slightly below the USDA’s new forecast. Northern…
AgResource Corn Comment and Analysis
** CBOT Corn Weakens on Coronavirus Fears; US Exports Lag: CBOT corn futures followed wheat lower on a lack of news and a modest decline in weekly export demand. The spread of coronavirus continues while South American crop estimates are rising. The Argentine crop is rated as 98% fair to excellent, vs. 93% on this…