AgResource Hog Comment and Analysis
CME Hog Futures Fall as US Kills Expected To Expand: CME hog futures extended last week’s decline with June hogs back under their 50-day moving average. The CME lean hog index was $.82 higher on Monday at $67, but the weekend slaughter data indicates $1.25 lower for Tuesday. The combined negotiated and formula slaughter for…
AgResource Wheat Comment and Analysis
** CBOT Wheat Ends Lower; Eyes on USDA’s New Crop Global Demand Forecast: July CBOT wheat ended 6 cents lower on pre-USDA report fund liquidation. Spring wheat ended firm as the pace of spring seeding in MN & ND remains slow. US winter crop ratings fell to 53% GD/EX vs. 55% the previous week. There…
AgResource Corn Comment and Analysis
CBOT Corn Ends Slightly Lower; May WASDE to Show Massive Build in Global Stocks: CBOT corn futures ended slightly weaker amid largely favorable weather across the Northern Hemisphere and in Brazil. The USDA’s new crop balance sheets on Tuesday will no doubt feature a multi-decade high in US end stocks and a considerable loosening of…