AgResource Weekly Newsletter, May 5
Click here to read this week’s Weekly Report
Click here to read this week’s Weekly Report
Hogs Rally Slows on Profit-Taking, Pork Cutout Surges Higher: CME hog futures corrected gains on Tuesday, with the largest losses realized in the 3rd quarter. The CME’s lean hog index was $2.52 higher at $59.79, and the Prior Day Slaughter report indicates a $.56 gain for Wednesday. Hogs priced on a formula were $1.86 lower…
** CBOT Wheat Ends Flat in Weak Volume; Fresh News Absent: US wheat futures ended unchanged. Actual rainfall totals and coverage in the Black Sea will be monitored closely over the next 10 days. Lite rain will dot the Black Sea into early next week but the bulk of coming precip is forecast to fall…
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