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Alan Brugler Headlines
Hogs Continuing Grind Lower on Thursday
Lean hogs are down another 30 to 75 cents so far on Thursday. USDA’s National Average Base Hog negotiated price was not reported on Thursday morning, with the Wednesday afternoon price reported at $87.83. The CME Lean Hog Index was down 19 cents on May 21 at $91.82. USDA data...
Corn Holding Higher at Midday
Corn futures are holding higher across most contracts on Thursday, with gains of 1 ¼ to 3 ¾ cent gains. June serial options expire against the July contract on Friday. USDA’s weekly Export Sales report pegged a 4-week high in corn bookings at 911,151 MT during the week of May...
Cattle Shrugging Off Fresh H5N1 News
Live cattle are trading with 37 to 60 cent gains across most contracts on Thursday. Cash trade this week has been quiet so far, with a few light trades of $192 in the north and $187 in the south, though nothing to establish a trend. The Thursday Fed Cattle Exchange...
Cotton Continuing Rally Through Thursday’s Midday
Cotton prices are up sharply again on Thursday, with July using some of the expended 4 cent limit at midday. July is up 304 points, with the rest of the contracts falling in order, up 136 to 176 points. The outside market factors re again not supportive, with crude oil...
Soybeans Pulling Back on Thursday
Soybeans are fading off the early Thursday gains, as contracts are steady to 4 cents lower across the board. Soymeal futures are mixed on the day with the front months 20 cents on either side of unch. Soy Oil saw is slipping back lower, with midday losses of 49 to...
Wheat Trying to Hold Gains on Thursday
The wheat complex got off to a higher early start, as bulls are now fighting to stay above water. Chicago contracts are showing steady to 1 cent higher trade so far on the day. Kansas City futures are up 3 to 6 cents at midday. MPLS spring wheat is up...

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