I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Crude oil futures closed up today, Jan. 20, pushing above the 200-day moving average....
The Cattle Markets Could Dominate Through the End of The Month - Soybean Oil Could Win the Year
Lean hog futures closed Tuesday with mixed trade, as front months were a tick to 42 cents lower with some deferreds higher. USDA’s national base hog price was reported at $80.19 on Tuesday afternoon....
Live cattle futures are posted gains of 22 cents to $1 across the front months on Tuesday. Cash trade saw a few cattle exchange hands at $232 so far this week on thin volume. Feeder cattle futures were...
Cotton futures fell into the Tuesday close, as contracts were down 22 to 32 points on the day. Crude oil futures were up $1.09 per barrel at $60.53. The US dollar index fell $0.836 to $98.365. The January...
Soybeans closed the Tuesday session with contracts down 4 to 5 ¾ cents lower. The cmdtyView national average Cash Bean price was 5 1/2 cents lower at $9.82 3/4. Soymeal futures were up 70 cents to $1.60...
The wheat complex posted weakness across the three markets on Tuesday. Chicago SRW futures posted 7 to 8 cent losses. KC HRW futures saw 3 to 4 1/4 cent losses on the day. MPLS spring wheat was down 2...
Corn futures posted fractional to penny losses in the nearbys on Tuesday, with other contracts fractionally to 1 ¾ cents higher. The CmdtyView national average Cash Corn price was down 1 ¼ cents at $3.86....
My opinion on the Mexican border is that enough time has transpired to facilitate an increase in production and processing capacity to increase domestic beef production.