# Agri Marketing Update

> 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.

- Date: 2016-08-01 · published 2016-08-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11073-agri-marketing-update
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Broad weekly wrap shows bearish grain fundamentals and weak hog demand, pressuring feed grain and meal prices, with cattle relatively firmer.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- HOGS: bearish ▼
- WHEAT: bearish ▼
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2016-08-01 | 5 | -6.9% | -3.3 | Lean hogs hit new contract lows on ample supplies and hot weather curbing pork demand, summarizing the supply and demand pressure. |

## Sources

- agrimarketing.com: https://www.agrimarketing.com/newsletter/index.php?archived=2016-08-01

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.