Recent Livestock Analysis
Market Commentary
Corn and soybean markets were just slightly firmer overnight with wheat slightly lower following yesterday’s fund-related sell-off. Today then saw corn and soybeans trading slightly lower with wheat getting hit fairly hard most of the morning. Wheat is again in a very weak technical posit...
Summary of Futures
Mar 19 Corn closed at $3.7475/bushel, up $0 from yesterday's close. Mar 19 Wheat closed at $5.0425/bushel, down $0.0275 from yesterday's close. Mar 19 Soybeans closed at $9.075/bushel, up $0.04 from yesterday's close. Mar 19 Soymeal closed at $306.5/short ton, up $1 from yeste...
Market Commentary
Overnight futures trade was limited in volume and price movement. Wheat was slightly weaker, while corn and soybeans hung around Wednesday’s closes. News from talks in Beijing was sparse. President Trump apparently indicated he would agree to extend the negotiations for 60 days as long as...
Volume and Value of Beef and Pork
U.S. beef exports hit record levels in 2018. However, tariffs reduced pork shipments, driving down values. These global demand dynamics are reflected in the domestic market. There they have supported the retail price of all fresh beef, which was up 3.1 percent in January versus the same month i...
Summary of Futures
Mar 19 Corn closed at $3.7475/bushel, down $0.04 from yesterday's close. Mar 19 Wheat closed at $5.07/bushel, down $0.1525 from yesterday's close. Mar 19 Soybeans closed at $9.035/bushel, down $0.13 from yesterday's close. Mar 19 Soymeal closed at $305.5/short ton, down $4.6 f...
Market Commentary
Grain and soy futures markets did very little overnight and again during the day session with volume and volatility in decline. In fact, we would rate today’s market as the dullest so far in 2019. Reflecting the lack of volume, today’s daily trading ranges were collectively among th...
Summary of Futures
Mar 19 Corn closed at $3.7875/bushel, up $0.005 from yesterday's close. Mar 19 Wheat closed at $5.2225/bushel, up $0.0225 from yesterday's close. Mar 19 Soybeans closed at $9.165/bushel, down $0.01 from yesterday's close. Mar 19 Soymeal closed at $310.1/short ton, up $0.9 from...
Market Commentary
Markets are focused on two things – the trade talks this week in Beijing and the threat of another partial U.S. government shutdown on Saturday. Today, though, there was a generally optimistic feeling about both that helped push the soybean and corn markets higher. The next round of trade...
Summary of Futures
Mar 19 Corn closed at $3.7825/bushel, up $0.055 from yesterday's close. Mar 19 Wheat closed at $5.2/bushel, up $0.0175 from yesterday's close. Mar 19 Soybeans closed at $9.175/bushel, up $0.125 from yesterday's close. Mar 19 Soymeal closed at $309.2/short ton, up $4.3 from yes...
Market Commentary
Markets started the week lower in the Sunday evening session with soybeans the weakest followed by wheat and corn. The lower pattern continued through to today’s market, but the losses in soybeans and wheat worsened. Soybeans eventually closed down 8-9.5 cents, but Chicago wheat managed t...
Summary of Futures
Mar 19 Corn closed at $3.7275/bushel, down $0.015 from yesterday's close. Mar 19 Wheat closed at $5.1825/bushel, up $0.01 from yesterday's close. Mar 19 Soybeans closed at $9.05/bushel, down $0.095 from yesterday's close. Mar 19 Soymeal closed at $304.9/short ton, down $1.2 fr...
Market Commentary
Markets were generally better overnight and this morning following Thursday’s pre-USDA report sell-off. Yesterday’s losses were primarily the result of the numerous comments by various U.S. administration officials that the China trade deal isn’t done yet. There was virtually...
Market Commentary
Corn and soybean markets were just slightly firmer overnight with wheat slightly lower following yesterday’s fund-related sell-off. Today then saw corn and soybeans trading slightly lower with wheat getting hit fairly hard most of the morning. Wheat is again in a very weak technical posit...
Summary of Futures
Mar 19 Corn closed at $3.7475/bushel, up $0 from yesterday's close. Mar 19 Wheat closed at $5.0425/bushel, down $0.0275 from yesterday's close. Mar 19 Soybeans closed at $9.075/bushel, up $0.04 from yesterday's close. Mar 19 Soymeal closed at $306.5/short ton, up $1 from yeste...
Market Commentary
Overnight futures trade was limited in volume and price movement. Wheat was slightly weaker, while corn and soybeans hung around Wednesday’s closes. News from talks in Beijing was sparse. President Trump apparently indicated he would agree to extend the negotiations for 60 days as long as...
Volume and Value of Beef and Pork
U.S. beef exports hit record levels in 2018. However, tariffs reduced pork shipments, driving down values. These global demand dynamics are reflected in the domestic market. There they have supported the retail price of all fresh beef, which was up 3.1 percent in January versus the same month i...
Summary of Futures
Mar 19 Corn closed at $3.7475/bushel, down $0.04 from yesterday's close. Mar 19 Wheat closed at $5.07/bushel, down $0.1525 from yesterday's close. Mar 19 Soybeans closed at $9.035/bushel, down $0.13 from yesterday's close. Mar 19 Soymeal closed at $305.5/short ton, down $4.6 f...
Market Commentary
Grain and soy futures markets did very little overnight and again during the day session with volume and volatility in decline. In fact, we would rate today’s market as the dullest so far in 2019. Reflecting the lack of volume, today’s daily trading ranges were collectively among th...
Summary of Futures
Mar 19 Corn closed at $3.7875/bushel, up $0.005 from yesterday's close. Mar 19 Wheat closed at $5.2225/bushel, up $0.0225 from yesterday's close. Mar 19 Soybeans closed at $9.165/bushel, down $0.01 from yesterday's close. Mar 19 Soymeal closed at $310.1/short ton, up $0.9 from...
Market Commentary
Markets are focused on two things – the trade talks this week in Beijing and the threat of another partial U.S. government shutdown on Saturday. Today, though, there was a generally optimistic feeling about both that helped push the soybean and corn markets higher. The next round of trade...
Summary of Futures
Mar 19 Corn closed at $3.7825/bushel, up $0.055 from yesterday's close. Mar 19 Wheat closed at $5.2/bushel, up $0.0175 from yesterday's close. Mar 19 Soybeans closed at $9.175/bushel, up $0.125 from yesterday's close. Mar 19 Soymeal closed at $309.2/short ton, up $4.3 from yes...
Market Commentary
Markets started the week lower in the Sunday evening session with soybeans the weakest followed by wheat and corn. The lower pattern continued through to today’s market, but the losses in soybeans and wheat worsened. Soybeans eventually closed down 8-9.5 cents, but Chicago wheat managed t...
Summary of Futures
Mar 19 Corn closed at $3.7275/bushel, down $0.015 from yesterday's close. Mar 19 Wheat closed at $5.1825/bushel, up $0.01 from yesterday's close. Mar 19 Soybeans closed at $9.05/bushel, down $0.095 from yesterday's close. Mar 19 Soymeal closed at $304.9/short ton, down $1.2 fr...
Market Commentary
Markets were generally better overnight and this morning following Thursday’s pre-USDA report sell-off. Yesterday’s losses were primarily the result of the numerous comments by various U.S. administration officials that the China trade deal isn’t done yet. There was virtually...