Hog Futures Fall on Renewed Fund Selling: CME hogs extended monthly losses at the start of the week and fell $1-2+ on continued fund liquidation. The CME cash index was $.23 lower to start the week at $97.73. The Friday/Saturday slaughter data indicates a $.33 decline for Tuesday. The pork cutout value fell $4.53 to…
CBT futures sank in opening trade on renewed fund selling following Friday’s relief rally following the USDA September Crop Report. The bears wanted to push down values following the initial bout of short covering to gauge the resolve of end users. And there was worry that Tropical Storm Nicholas could cause new disruptions to the…
Chart of the day: Population weight CDD forecast. Discussion: The population weight CDD forecast is slightly less warm for this week, warmer for next week and continues to trend toward normal in the extended-range (late September). Medium-range 6-10 Day Forecast Valid September 18-22, 2021 Medium-range 11-15 Day Forecast Valid September 23-27, 2021 Discussion: The ECM…
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