AgResource Weekly Newsletter, Apr 28
Click here to read this week’s Weekly Report
Click here to read this week’s Weekly Report
** Hogs Close Mostly Higher, But Off Limit Gains: CME hog futures rallied to the expanded upper price limit in early Tuesday trade, though gains were pared back by late-day selling. The CME cash index $1.26 higher at $48.98 and ARC Research estimates another $.74 higher for Wednesday. Early week slaughter totals are down 19%…
** CBOT Wheat Ends Higher as May First Notice Day Looms: US wheat ended steady to higher. SRW basis in Toledo has firmed to even money with CBOT futures. Few if any deliveries are expected against expiring May in Chicago. Even Plains HRW basis is stronger than in recent years for late April. Yet, ARC’s…
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