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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.23 ½	3.71 ¼	3.16 ¾
Soybeans	-.02 ½	10.17	9.76
Wheat	+.12	5.96 ¼	5.33 ¼
Cattle	+1.15	93.43	85.60
Hogs	+1.53	83.23	65.23
Cotton	+.36	80.32	60.21
Milk	-.03	13.73	9.97
Crude Oil	+2.60	78.98	62.02

Comments: Grain and soybean futures had a mixed week as corn futures crumbled in the face of pressure from continued favorable growing weather across much of the Midwest and increased old-crop movement in the cash market. Soybean futures held firm, however, as hot weather across the Delta and strong Chinese demand kept traders anxious about U.S. crop prospects. Wheat futures managed to extend a historic rally as traders remained nervous about production losses in the Black Sea region amid a continuing drought there. For the four weeks ended July 23, nearby wheat futures posted their strongest price gain on a percentage basis since 1973. Livestock futures were boosted by strong cash fundamentals and fund buying spurred by a weak dollar. Live cattle futures were led higher by $1-$2 gains in Plains cash cattle prices, while hog futures took their lead from a $4.65 rebound in the composite pork cutout value. Cotton futures firmed on support from crop stress in the Delta and the weak dollar. Click on the Brock logo or call 1-800-558-3431 for more info on our services.