Hog Complex Mostly Higher - July 23, 2021

Lean hog futures were mixed going into the weekend. The nearbys were 5 to 90 cents stronger at the close, while deferred contracts fell 17 to 25 cents on Friday. USDA’s National Average Base hog price was $104.59 on Friday afternoon, down by 72 cents. The CME Lean Hog Index...

Cattle Close Black Heading into Weekend - July 23, 2021

Pre report positioning left futures 42 to 70 cents in the black for the weekend. USDA has confirmed cash trade has been moderate through Thursday with the bulk gravitating towards $120 and $198 for live and dressed. Northern sales have remained above the South’s market, at aprx. $120-$125 and $117-$120...

Friday Cotton Found Strength - July 23, 2021

After giving back most of Thursday’s gains, front month cotton prices were mixed to mostly weaker at the close. Going into the weekend, prices were down 9 to 20 points as the new crops rallied back 40-60 points. October closed in the black on afternoon’s rally but just by 5...

Friday Wheat Drops into Close - July 23, 2021

Wheat futures ended the session in the red. CBT SRW futures were 4 1/4 to 8 1/4 cents in the red. KC HRW futures closed the session 4 1/2 cents in the red, with Sept ending the week 12 cents below the start. MGE spring wheat prices were 19 to...

Corn Drops Double Digits Ahead of the Weekend - July 23, 2021

Going into the weekend, front month corn futures were 10 1/4 to 18 1/4 cents weaker. December prices ended the week with a 22 1/2 cent loss from Monday’s open. Food grade corn oil reported in USDA’s weekly National Ag Energy Round-Up was 12% stronger to 71.63 cents/lb. CFTC data...

Beans Close with Double Digit Losses - July 23, 2021

Front month soybean prices ended the last trade day of the week with losses of 3 1/4 to 15 1/2 cents. August was the sharpest drop, but remained above the round number $14/bu going into the weekend. USDA announced a large export sale for 100k MT of new crop beans...

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