Hogs Lower on Liquidation Ahead of USDA Report: CME hog futures were lower to start the week on large CME premiums to the cash index and limited trading interest in front of Thursday’s USDA report. The CME cash hog index was $.08 lower to start the week out at $72.33. AgResource estimates the index to…
CBOT futures are mixed at midday with soybeans/soymeal/KC wheat posting gains on parched Southern Brazilian and Argentine weather forecasts while corn/soyoil sag on macro financial market considerations. The DOW and a host of other financial markets are under acute pressure on the fear that the fast-spreading omicron virus will negatively impact US/world GDP rates. The…
Highlight: A warmer trend days 6-10 but widening cold follows. Latest Climate Signals Chart Days 6-10 Days 11-15 Arctic Oscillation Strong Negative Negative North Atlantic Oscillation Strong Negative Negative Pacific North America Strong Negative Negative West Pacific Oscillation Weak Negative Weak Positive East Pacific Oscillation Weak Negative Weak Negative Madden Julian Oscillation Dateline/East Pacific…
Unfolding heat and dryness in Argentina the next 2+ weeks.
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