The Latest Breaking News from USDA

Wheat Posting Friday Losses, as USDA Hikes World Carryout

The wheat complex is trading with weakness across the three markets on Friday. Chicago SRW contracts are posting 13 to 18 1/4 losses at midday. KC HRW futures are trading with Friday weakness of 17 to 26 cents. MPLS spring wheat is under pressure, with contracts 13 to 16 cents...

Barchart · Sep 11

Hogs Posting Midday Losses

Lean hog futures are facing midday pressure on Friday, with contracts down 92 cents to $1.17. USDA’s national base hog price was not reported on Friday morning due to thin trade. The CME Lean Hog Index was down another 57 cents on September 9 at $88.22. Weekly Export Sales data...

Barchart · Sep 11

Cattle Extending Bounce into Friday’s Midday

Live cattle futures are rallying $2.20 to $3.15 so far on the Friday session, as bulls continue to battle back. The Friday morning Fed Cattle Exchange showed $225 sales on 45 of the 952 head offered, with $223-224 bids on other lots. Feeder cattle futures are rallying, helped by recent...

Barchart · Sep 11

Hog Traders Look to Close Out the Week

Lean hog futures saw losses of 7 to 60 cents across most contracts on Thursday, with nearby October up 7 cents. Open interest was down 1,542 contracts. USDA’s national base hog price was reported at $86.86 on Thursday afternoon, down 39 cents from the day prior. The CME Lean Hog...

Barchart · Sep 11

Milk Surplus Triggers Waste: USDA says US farmers dumped 43 million gallons; prices stayed high

In 2016, U.S. dairy farmers faced a crisis as they were forced to discard over 43 million gallons of milk. This drastic measure followed a price surge in 2014 that prompted producers to ramp up production. However, global demand dipped, coupled with rising international competition, resulting in a surplus that…

The Times of India · Sep 11

Hog Futures Face Modest Weakness on Thursday

Lean hog futures saw losses of 7 to 60 cents across most contracts on Thursday, with nearby October up 7 cents. USDA’s national base hog price was reported at $86.86 on Thursday afternoon, down 39 cents from the day prior. The CME Lean Hog Index was down another 86 cents...

Barchart · Sep 10

Corn Squares Up Ahead of USDA Report Day

Corn futures were busy squaring up ahead of the Friday USDA report, closing Thursday with gains of 5 to 7 cents across the board. The CmdtyView national average Cash Corn price was up 6 cents at $4.87. The weekly EIA report showed ethanol production at 1.099 million barrels per day...

Barchart · Sep 10

Soybeans Break to New Highs on Thursday’s Rally

Soybeans were in rally mode on Thursday, with contracts 13 to 22 cents higher across most contracts. The cmdtyView national average Cash Bean price was up 22 1/2 cents at $12.74 ½. Soymeal futures saw gains of $2.30 to $5.50, as Soy Oil rallied 102 to 135 points. USDA reported...

Barchart · Sep 10

Sugar Prices Climb as Crude Oil Soars

October NY world sugar #11 (SBV26 ) closed up +0.33 (+1.79%) on Thursday, and October London ICE white sugar #5 (SWV26 ) closed up +4.00 (+0.75%). Sugar prices rallied on Thursday, with NY sugar posting a 1-week high and London sugar posting a 2.5-week high. Soaring crude oil prices are...

Barchart · Sep 10

Arabica Coffee Falls Sharply on ICO Projections for Record Coffee Production

December arabica coffee (KCZ26 ) closed down -3.90 (-1.34%) on Thursday, and November ICE robusta coffee (RMX26 ) closed up +82 (+2.36%). Coffee prices are mixed today, with arabica falling to a 7-week low and robusta climbing to a 1.5-week high. Arabica coffee prices fell Thursday amid projections from the...

Barchart · Sep 10