AgResource Hog Comment and Analysis
Hog Futures End Lightly Mixed in Quiet Trade: CME hog futures held in a narrow range through a quiet trading session before ending lightly mixed, but little changed from Friday. February hogs continue to hold above $70 as the cash index continues to work higher. The cash index started the week $.19 higher at $68.06…
US Hay Production, Stocks and Price
The January US Crop Report showed that 2023 hay production increased by 7 Mil tons (6%) from last year to 118.8 Mil tons. This was the first increase in national hay production in 3 years and only the 2nd increase in the last 9 years. Despite the uptick in production, national production was still the…
AgResource Soybean Comment and Analysis
Soybeans Start the Week Higher: Soybeans gained 7-11 cents to start the week. March futures held support against $12.10, and technical buying lifted the market into the close. Soy product markets were mixed, with soymeal closing just below unchanged but near the session highs, while soyoil marked their best daily gain in weeks amid expanding…