AgResource Weekly Newsletter, May 17
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Hogs Extend Weekly Gains Through Tuesday: CME hog futures closed mixed on Tuesday, with summer futures gaining $1-3, while December hogs fell $.75 and early 2023 contracts were off more than $1. The CME cash hog index was down $.42 and is nearly $5 under June futures. Tuesday’s slaughter report indicates another $.18 lower for…
Wheat Markets Extend Rally; No Change in Adverse Global Weather Patterns: World wheat futures ended steady higher, paced by CBOT contracts, as weather patterns across the Northern Hemisphere show no signs of material improvement into the end of May. Markets are well aware of current issues in North America, India and Western Europe, but Chinese…
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