Hog Rally Resumes to Set Another Round of Contract Highs: An early break in the hog market uncovered solid demand that lifted June hogs to a new contract high. Cash markets show no sign of turning, with the CME indexes were both higher on Thursday. The lean hog index gained $.21 to $113.75, and the…
CBT futures are slightly lower in back-and-forth trade as the market tries to gauge early summer Central US weather – and what will be the US pattern heading into July? Traders understand its only June 3rd – it is the Central US weather pattern in future weeks that will have a far more important impact…
North-central U.S. in trouble…very hot/dry as drought concerns increase…getting close to Midwest. Eastern cool-down days 11-15. Chart of the day: Latest population weight CDD forecast. Discussion: The June 11-17 CDD forecast indicates a new less hot signature as the consensus of all models forecast drops to near the 10-year normal after a hot (next) week.…
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