After surging in reaction to the bullish December 21 Cold Storage report on Christmas Eve, hog futures gave back a portion of those gains Wednesday. CME traders expecting the cash and wholesale situations to favor bullish interests after January 1 pushed prices somewhat higher yesterday morning, but ultimately proved unable to prevent a modest daily setback. Traders may have been reacting to weak wholesale quotes, despite the fact that direct market prices across the Corn Belt rose substantially. Their premiums to spot values may have handicapped bullish efforts to push them even higher. They slipped further in overnight trading. February hogs were down 0.17 cents to 87.27 cents/pound and the June contract dipped 0.20 cents to 100.45.
Exports dominate corn, soybean markets on Thursday
- DHM Numbers: Pennsylvania, Missouri dairy cattle sales
- FairRent, now online, helps you find land rent values
- Wednesday's CME Dairy Market Recap
- Ag markets proved rather divergent Wednesday
- Innovation Center for U.S. Dairy® seeking next class of stewards
- Ten Do’s & Don’ts for ‘Low-Cost’ and ‘Retrofit’ Milking Parlors
- One Nebraska farmer takes ALS ice bucket challenge to extreme
- Organic/conventional quite indifferent in cow health, milk
- Iowa rancher is next star on 'The Bachelor'
- 72-stall robotic rotary breaks ground in Wisconsin
- Got Milk? Expands communications in unique agency partnership
- Cows, farms also under gunfire near Gaza strip