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USDA Newswire
Market Snapshot
Quotes are delayed, as of March 27, 2025, 07:43:01 AM CDT or prior.
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Commentary
- Hogs Look to Square Up Ahead of Hogs & Pigs Report
- Lean hog futures saw 30 to 90 cent gains across most contracts on Wednesday. The USDA national average base hog negotiated price was reported at $88.19 on Wednesday afternoon, down another $0.46 from the day prior. The CME Lean Hog Index for March 24 was up 11 cents from the...
- Cotton Higher Again on Thursday AM
- Cotton price action is 7 to 18 points in the green on Thursday ahead of the weekly Export Sales release. Futures closed out the Wednesday session with contracts getting a midweek pop. Front months were up 40 to 54 points at the closing bell. Crude oil futures were up 94...
- Cattle Close Higher on Wednesday
- Live cattle posted Wednesday gains of 40 to 70 cents in the nearby contracts. Preliminary open interest was up 2,273 contracts. Cash trade has been slow this week, with light sales at $213 in the north reported by the USDA. The Central Stockyards Fed Cattle Exchange online auction showed no...
- Corn Holding Steady on Thursday Morning
- Corn is trading near unchanged on Thursday AM, with front months slightly higher. Futures fell to another round of weakness on Wednesday, with contracts closing 4 to 7 cents lower. Preliminary open interest was up 5,354 contracts on Wednesday, suggesting new selling. The CmdtyView national average Cash Corn price was...
- Soybeans Higher Ahead of Export Sales Report
- Soybeans are trading with contracts up 5 to 7 cents so far on Thursday. The soybean market settled the midweek session with nearbys fractionally lower to and some new crop months fractionally higher. Wednesday’s preliminary open interest was down 6,696 contracts. CmdtyView’s national front month Cash Bean price was down...
- Wheat Sneaking Out Gains to Start Thursday Trade
- Wheat is showing slight strength on Thursday morning. The wheat market posted another round of weakness on Wednesday. Chicago SRW futures were down 8 to 9 cents in the front months at the close. Kansas City HRW contracts saw losses of 4 to 6 cents in the nearby contracts. MPLS...