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Corn and wheat futures slipped on abundant supplies and technical selling, though a dollar plunge gave the grains a late boost. Chicago wheat hit a new 10-year low, while lean hogs hit new contract lows on ample supplies and hot weather that slowed pork demand.
Live cattle surged early in the week after a bullish Cattle on Feed report before reversing later.
Broad weekly wrap shows bearish grain fundamentals and weak hog demand, pressuring feed grain and meal prices, with cattle relatively firmer.
agrimarketing.comAug 1, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Lean hogs hit new contract lows on ample supplies and hot weather curbing pork demand, summarizing the supply and demand pressure.
