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Market Snapshot (More Futures Below)

Quotes are delayed, as of August 15, 2022, 01:16:09 PM CDT or prior.

Commentary

Hogs Higher at Midday - August 15, 2022: Lean hog futures are shrugging off the early session weakness, with contracts up 7 to 30 cents. The USDA’s National Average Base Hog price was $114.82 on Monday morning, down $3.32 from the previous day’s report. The August 11th CME Lean Hog Index was up 7 cents to $121.93. Front...
Wheat Recovering at Midday, Still Lower - August 15, 2022: Wheat futures trying to recover from early losses on Monday. MPLS is lead the way to the downside, with losses of 10 to 13 cents. KC wheat futures are down 6 to 8 ½ cents, with CBT contracts 3 to 5 ½ cents lower. Monday morning’s Export Inspections report from...
Cotton Locked Limit up - August 15, 2022: Cotton futures are using the expended limits on Monday, with contracts up the new limit of 5 cents. Outside factors are being ignored, with crude oil down $3.52/barrels and the dollar index stronger. Follow through buying off of Friday’s USDA reports that saw a sharp cut to production on larger...
Cattle Mixed on Monday - August 15, 2022: Live cattle futures are slightly lower on Monday, with contracts steady to 25 cents lower. Last week’s cash cattle changed hands at $144-148 in the north, up $4-5 on the week, with some $229-235.50 in the beef. Trade also rallied in the South to $140 last week. Feeders are trying...
Corn Lower to Begin New Week - August 15, 2022: Corn futures are trading 10 to 13 ½ cents lower on Monday’s midday. That is reverting gains from Friday’s strength. Rains across parts of the Corn Belt are pressuring things lower on Monday. The forecast in the 8-14 day timeframe calls for cooler and better chances for precip in the...
Soybeans Bounce off Early Session Lows - August 15, 2022: Soybean futures are bouncing off early day session lows by ~30+ cents at midday, with contracts down 36 to 42 cents in the front months. Weaker economic data out of China caused a cut to interest rates in the country. Pressure is also coming vis the product values, as Meal...