The Latest Breaking News from USDA

Cleaning out the Inbox at the end of the week, and it is time to tackle some questions that have come in regarding some of my recent writings.

Live cattle futures closed Thursday with losses of $2 to $3.37. Cash trade has started to pick up this week, with a few $365 dressed sales in the North, down $5 on the week and live action at 232-235, $3-4 lower. Southern trade has been $237, down $3. The Thursday...

Lean hog futures were down $1.10 to $2.60 in the front months on the Wednesday close, with back months 7 to 92 cents lower. Long liquidation may have been to blame ahead of the quarterly USDA report on Thursday, as Wednesday’s preliminary open interest was down 6,794 contracts. USDA’s national...

Lean hog futures fell by $1.10 to $2.60 in the front months into the Wednesday close, with back months 7 to 92 cents lower. USDA’s national base hog prices from the Wednesday PM report was at $104.67, down $2.32 from the day prior. The CME Lean Hog Index was down...

October NY world sugar #11 (SBV25 ) on Wednesday closed down -0.02 (-0.13%), and December London ICE white sugar #5 (SWZ25 ) closed down -4.10 (-0.89%). Sugar prices gave up an early advance on Wednesday and turned lower due to the prospect of abundant global supplies. On Tuesday, NY sugar...

The wheat market is showing mixed action on Wednesday. CBT soft red wheat futures are fractionally to a penny higher. KC HRW futures are slipping back, down 2 to 3 cents. MPLS spring wheat futures are up 1 to 2 cents. The weekly USDA Export Sales data is expected to...

Lean hog futures are falling 77 cents to $1.80 across most contracts on Wednesday. USDA’s national base hog prices from the Wednesday AM report was at $104.72, down $1.38 from the day prior. The CME Lean Hog Index was down another 8 cents on September 22 at $104.90. NASS will...

October NY world sugar #11 (SBV25 ) today is down -0.07 (-0.45%), and December London ICE white sugar #5 (SWZ25 ) is down -4.20 (-0.91%). Sugar prices gave up an early advance today and turned lower on the prospects of abundant global supplies. On Tuesday, NY sugar posted a 4.25-year...

Lean hog futures posted gains of $1.20 to $2 across most nearby contracts on Tuesday. Deferred contracts were up a tick to 75 cents. Preliminary open interest was down 5,591 contracts, suggesting some shorts were covering. USDA’s national base hog prices from the Tuesday PM report was at $106.99, up...