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Alan Brugler
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Hogs Bulls Push Higher on Tuesday
BarchartTue Apr 23, 4:50PM CDT
Lean hogs saw gains of $1.20 to $2.45 on Tuesday. USDA’s National Average Base Hog negotiated price was up $1.54 cents from the Monday afternoon print, at $91.85 on Tuesday afternoon. The CME Lean Hog Index was down 4 cents at $91.31 on April 19. USDA’s National Pork Carcass Cutout...
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Wheat Leads Bull Charge For Second Day In a Row
BarchartTue Apr 23, 4:50PM CDT
The wheat complex continued this week’s rally on Tuesday. Chicago contracts were up 8 to 15 ¼ cents on the day. Kansas City posted gains of 8 ½ to 11 ¾ cents at the close. MPLS was 6 ¼ to 10 ¾ cents higher across most contracts. NASS reported condition...
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Soybeans Post Gains with Planting Delays Expected Later This Week
BarchartTue Apr 23, 4:50PM CDT
Soybean futures posted gains of as little as fractionally to as much as 6 ¼ cents on Tuesday. Soymeal turned around on midday weakness to close with contracts up 90 cents to $1.40/ton, with Soy Oil rallying 15 to 24 points. Soybean planting is off to a decent start, with...
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Cattle Reverse Action to Close Mixed on Tuesday
BarchartTue Apr 23, 4:50PM CDT
Live cattle were higher early in the Tuesday session but bulls felt queasy by midday. Futures closed down 12 to 90 cents in the nearbys and 32 cents to $1.12 higher out in the 2025 contracts. Cash action was negligible on Monday, with showlists being compiled. Last week’s trade was...
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Corn Futures Fight for Gains on Tuesday
BarchartTue Apr 23, 4:50PM CDT
The Tuesday action in the corn market saw futures close mixed with 24/25 strength, up 1 ¼ to 3 ¼ cents Contracts for the ’25 crop and beyond were fractionally to 1 ¾ cents lower. Monday afternoon’s Crop Progress report showed many of the notable states were above normal planting...
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Cotton Closes Mixed Ahead of First Notice Day
BarchartTue Apr 23, 4:50PM CDT
The cotton market reversed some of Tuesday’s intraday weakness, with contracts closing 18 to 70 points lower and 50-100 points off their lows. May was up 18 points ahead of first notice day on Wednesday. They shrugged off outside market strength, with crude oil up $1.54 and the US dollar...
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Hogs Shooting Higher on Tuesday
BarchartTue Apr 23, 11:59AM CDT
Lean hogs are posting $1.25 to $2.15 gains on Tuesday. USDA’s National Average Base Hog negotiated price was up 70 cents from the Monday afternoon print, at $91.01 on Tuesday morning. The CME Lean Hog Index was down 4 cents at $91.31 on April 19. USDA’s National Pork Carcass Cutout...
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Cattle Reversing Action on Turnaround Tuesday
BarchartTue Apr 23, 11:59AM CDT
Live cattle are back down $1 to $1.32 on Tuesday’s midday. Cash action was negligible on Monday, with showlists being compiled. Last week’s trade was $183-184 live and $292 dressed in the North, steady to down $1 from the previous week. Southern trade was steady, at $182. Feeders are showing...
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Wheat Extending Strength on Deteriorating Crop Conditions
BarchartTue Apr 23, 11:59AM CDT
The wheat market is continuing the push higher at midday. Chicago contracts are 7 to 10 cents higher so far. Kansas City is trading 8 to 9 ½ cents in the green. MPLS is bringing up the rear, but still with 5 to 7 ¼ cent gains. After the close,...
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Cotton Pushing Back Lower at Midday
BarchartTue Apr 23, 11:59AM CDT
The cotton market showing losses on Turnaround Tuesday, to continue the slide with 25 to 131 point losses. They are shrugging off outside market strength, with crude oil up $1.02 at midday and the US dollar index down 358 points. The US cotton crop was 11% planted as of April...
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Soybeans Slightly Higher on Tuesday
BarchartTue Apr 23, 11:59AM CDT
Soybean futures are up anywhere from fractionally in the new crop months to 4 cents in the nearbys at midday. Soymeal is down 20 cents to $1 so far, with Soy Oil showing 28 to 30 point gains. Soybean planting is off to a decent start, with NASS reporting 8%...
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Corn Turning Overnight Weakness to Midday Strength
BarchartTue Apr 23, 11:59AM CDT
Corn futures are pushing higher across the front months on Tuesday. Contracts are up 1 to 3 cents so far, extending the Monday strength. Monday afternoon’s Crop Progress report showed planting progressing to 12% completed as of 4/21, 2% faster than the 5-year average pace and matching last year. Many...
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Corn Slightly Lower To Start Tuesday
BarchartTue Apr 23, 7:30AM CDT
Corn is showing fractional to 1 ½ cent losses to start your Tuesday. Futures were up 3 to 6 ¾ cents on a combination of factors including damage to the Pivdennyi port facilities in Ukraine, and strong export inspections because Brazilian shipments will be limited between now and winter crop...
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Soybeans Pulling Back to Start Tuesday Trade
BarchartTue Apr 23, 7:30AM CDT
Overnight trade in the bean market has futures 2 to 3 cents lower Soybeans were up 8 ½ to 11 ¾ at the close on Monday. Soymeal was up 60 cents to $2.10 on the day to support beans via higher product values. The real support was from Soy Oil...
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Cattle Look to Tuesday Trade After CoF Dust Settles
BarchartTue Apr 23, 7:30AM CDT
Live cattle ended Monday with contracts up $2.35 to $3.20 in reaction to a friendly USDA Cattle on Feed report. Cash action was negligible on Monday, but had picked up on Friday, with some $183-184 live and $292 dressed action reported in the North, steady to down $1 from the...
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