In the News

The June issue of Agri Marketing will include special Focus Reports on Direct/Relationship Marketing and selling to hog producers. To schedule your organization's ad, contact Audrey Evans at AudreyE@AgriMarketing.com, or call 636/728-1428 ext 2003.

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.27 ½	6.35 ½	7.49 ¾
Soybeans	+.01	14.05	13.41
Wheat	+1.02 ½	6.95 ¼	8.17
Cattle	+4.15	119.53	106.25
Hogs	+2.13	87.43	91.65
Cotton	-.98	77.99	159.86
Milk	-.09	15.17	16.43
Crude Oil	-4.65	91.48	100.10

Comments: The action in wheat futures was the big story in the grain markets last week with the nearby Chicago July wheat contract surging by 17.2% between Tuesday and Friday as a spike in weather concerns triggered heavy short covering by funds. The weather concerns trumped a strong dollar and political turmoil in Greece as a market factor. Reports of deteriorating yields in the top U.S. winter wheat state of Kansas and concerns about dry weather in southern Russia were the main fundamental drivers of the rally. The wheat market strength pulled corn futures higher along with very strong U.S. cash markets and concern about drying conditions in the U.S. Corn Belt. Soybean futures gave back early-week gains, though, under pressure from spread trade, the strong dollar and fast U.S. planting progress. Livestock futures rebounded from recent weakness on support from stronger cash market fundamentals, including gains in wholesale meat prices. Live cattle futures were also boosted by tightening U.S. cattle supplies with Friday's monthly Cattle-on-Feed Report showing the U.S. feedlot inventory below a year earlier for the first time in two years. Cotton futures remained under pressure from demand concerns and the turmoil in Europe. Click on the Brock logo or call 1-800-558-3431 for more info on our services.