AgResource Hog Comment and Analysis
Hogs Close Mixed on Uncertain Kill Outlook: CME hog futures closed mixed on Thursday. May and June marked modest gains while 3rd quarter futures were weaker. The CME’s lean hog index gained $2.08 to $67.89. The Prior Day Slaughter report indicates a $.98 gain for Friday for a $2.70 weekly increase. So far, carcass weights…
AgResource Wheat Comment and Analysis
CBOT Wheat Ends Flat; European Dryness Battles Lack of Demand: US wheat futures ended steady to lower in a session lacking fresh input. Dryness across Northern Europe and Southern Russia is noted and on the margin will reduce exporter production without a pattern change in the near-term. Paris milling wheat futures ended $.04/Bu higher. However,…
AgResource Corn Comment and Analysis
CBOT Corn Ends Weak on Favorable Central US Weather, Plateau in Ethanol Margins: CBOT corn futures ended slightly lower amid an ongoing lack of bullish input. Net soil moisture declines are due across the EU and Black Sea wheat belts. Yet, key areas of Europe and Ukraine’s corn belt will see normal/above normal precip. Needed…