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Commentary
Hogs Rallying on Wednesday -
Lean Hog futures are trading with $1 to $1.80 gains so far on Wednesday’s midday. The national average base hog negotiated price was up $3.16 in Cotton Rallying at Midday -Cotton futures are trading with 101 to 108 midday gains so far. The outside markets are pressure factors at midday but being shrugged off. The US Corn Turning Higher at Midday -The corn market is rallying off early session lows on Wednesday, with contracts up 2 to 4 cents so far at midday. The national average Cash Corn Soybeans Off the Lows, Still Showing Midday Weakness -Soybeans are facing continued weakness, with pressure coming from oil this time, as contracts are down 4 to 5 cents at midday. CmdtyView’s Wheat Showing Midday Strength -The wheat complex continues to extend higher as the Black Sea tensions remain high, as all three markets are higher. Chicago SRW futures are up 4 to Cattle Showing Mixed Wednesday Trade -Live cattle futures are trading with contracts down 27 cents to 15 cents higher at midday. Cash trade came across at mostly $185 across the country Full commentary...Disclosures
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