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
- 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
- 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
- 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
- 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
- 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
- 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...
Local Weather
Dodge City, Kansas (67801)
Current Conditions
Sunny
Temperature
97°F
Dew Point
58°F
Pressure
29.97 in. Hg
Humidity
27%
Wind
10 mph
From
South
Forecast
-
Monday
102°
72°
-
Tuesday
89°
73°
-
Wednesday
81°
65°
-
Thursday
88°
61°
-
Friday
91°
64°
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CRB News
Futures
Quotes are delayed, as of August 15, 2022, 01:16:09 PM CDT or prior.