The most significant crop report of the year is today at 11:00 a.m. A mixed start greets the last day of the month and the last day of the quarter as the market awaits today’s USDA Stocks and Acreage data at 11:00 a.m. CT. 95.35 Mil acres is the supposed average guess for corn acreage…
The LRP transfer deadline is just around the corner. Are you protected? Ranchers, the clock’s ticking. With the influx of LRP transfers this week, we have made it easier to fill out an application to do LRP with us. If you want true cattle and LRP experts in your corner this year, now’s the time…
Recovery in grains overnight is moderate on US/Chinese trade news. Pre-weekend short covering is providing some much-needed support to the market as we head into the week’s final trading session. Long liquidation has pressured prices throughout the week as traders exited weaker positions ahead of Monday’s key reports. Market participants are well aware of the…
Hogs and Pigs 6/26/25 All Hogs and Pigs: 100.3 vs 99.6 estimate Kept For Breeding: 99.5 vs 100.0 estimateKept For Marketing: 100.4 vs 99.6 estimate Report came out neutral to pre-report estimates.
Mixed overnight trade. Futures spent much of the overnight session on the plus side, but drifted lower as trade wound down for the morning break. Short covering gave the market its overnight strength, but fresh buying will be needed to reverse our current market trend. Fresh news is relatively thin this morning, but we will…
Grains drift on a lack of buying interest. Grain futures are softer again this morning as the market continues to struggle with a lack of fresh bullish news to attract buyers. With next Monday’s USDA reports approaching, along with month-end and quarter-end positioning, there appears to be little appetite for establishing new futures positions. Favorable…
More risk-off trade overnight with a cease-fire. Grain futures continued to post losses overnight, pressured by broader market weakness as a cease-fire was announced yesterday. Gold tumbled another $72, while crude oil fell an additional $3.00 after yesterday’s steep decline. The sharp energy sell-off followed news of a cease-fire between Iran and Israel, which has…
More risk-off trade overnight with a cease-fire. Grain futures continued to post losses overnight, pressured by broader market weakness as a cease-fire was announced yesterday. Gold tumbled another $72, while crude oil fell an additional $3.00 after yesterday’s steep decline. The sharp energy sell-off followed news of a cease-fire between Iran and Israel, which has…
Grains retreat after an overnight higher start. Grain futures opened higher overnight, supported by a strong start in crude oil, but similar to energy, the market reaction faded into the evening. As noted in yesterday afternoon’s report, a higher crude oil open was anticipated due to threats of closing the Strait of Hormuz, a key…
Cattle On Feed On Feed: 99% vs 98.9% estimate Placed: 92% vs 94.1% estimate Marketed: 90% vs 90.7% estimate The placement numbers were slightly lighter than pre-report estimates, alongside marketing being softer than expected. We anticipate a firmer start on feeders, barring any outside events.
