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National Newswire
Commentary
- Cattle Rally Alongside Boxed Beef Pop
- Live cattle closed the Tuesday session with $1.60 to $2.72 gains, as boxed beef rallied for a second consecutive day. Cash action was mostly compiling showlists early this week. Last week was mixed, with the South seeing action anywhere from $183-185, and the North at $186-187. Feeders posted gains of...
- Wheat Bull Hit Speed Bump on Tuesday
- The wheat complex fell into Turnaround Tuesday across the three exchanges. Chicago contracts were down 1 ½ to 14 ½ cents led by the front months. Kansas City futures closed out with losses of 7 ¼ to 16 ¾ cents as may expired. MPLS spring wheat futures were fractionally to...
- Soybeans Drop on Tuesday
- Soybean closed Turnaround Tuesday with contracts down 4 ½ to 7 ¼ cents. Soymeal futures were back up on the day, with gains of $2.80 to $6.10/ton. Soy Oil collapsed 131 to 184 points on the session. On Tuesday morning the White House issued an announcement of increased tariffs on...
- Hogs Close Tuesday with Strength
- Lean hogs saw some gains to round up the Tuesday session, up 7 to 87 cents across the board. USDA’s National Average Base Hog negotiated price was up $1.05 in the Tuesday afternoon print at $90.83. The CME Lean Hog Index was down a dime on May 10 at $91.22....
- Cotton Close With Limit July Losses
- The cotton market saw July settled down the 3 cent limit, as other contracts were down 11 to 148 points on the day. Limits are expanded to 4 cents for the Wednesday session Crude oil was down $0.72 and adding to the pressure. Crop Progress data from Monday afternoon indicated...
- Corn Pulls Back on Tuesday
- Corn futures ended the Tuesday session with contracts fractionally to 5 cents lower out to July ’25. Deferred contracts were steady to ¾ cent higher. USDA reported a large private export sale of 405,000 MT of corn to Mexico via the daily system, with 135,000 MT for old crop and...
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