In the News

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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.53 ½	6.38 ½	4.99 ¼
Soybeans	-.97 ½	12.58	10.93 ½
Wheat	-.47 ½	6.40 ¾	6.97 ¼
Cattle	-1.67	116.83	96.13
Hogs	+.58	87.93	78.43
Cotton	-9.09	99.99	97.77
Milk	+.06	19.00	16.30
Crude Oil	-8.33	79.85	75.18

Comments: Grain and soybean futures plunged further last week as fears of another world economic recession sent investors rushing to exit long positions across most commodity markets. The recession fears heated up after a gloomy Federal Reserve Bank policy statement that cited “significant downside risks” to the U.S. economy. Growing concerns about the health of the European banking sector also spurred investors to cut back on risk exposure. A stronger dollar helped pressure grain prices along with U.S. corn and soybean harvest activity. Grain markets may be extremely choppy this week due to position evening ahead of month-end and Friday's quarterly USDA Grain Stocks Report. Live cattle futures were swept lower in the broad commodity market sell-off last week, but limited losses amid support from expectations for seasonal cash market strength and tight U.S. cattle supplies next year. Friday's USDA Cattle-on-Feed report confirmed the outlook for tightening supplies. Lean hog futures were able to buck pressure from fund long liquidation on support from firm cash hog and pork prices. Cotton futures nosedived along with the grains as demand worries heated up. Click on the Brock logo or call 1-800-558-3431 for more info on our services.