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presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.04 ¾	7.52 ¾	6.40 ¾
Soybeans	-.29 ½	15.22 ½	12.39 ½
Wheat	- ¾	8.56 ¾	6.26 ¾
Cattle	+.85	123.90	120.48
Hogs	+1.83	78.38	92.13
Cotton	-.13	71.36	100.51
Milk	+.24	21.14	17.90
Crude Oil	+1.98	91.86	85.57

Comments: Grain and soybean futures were all over the board last week. After sliding into Thursday's USDA reports on fund liquidation, futures rallied furiously on Thursday as lower-than-expected USDA estimates of U.S. corn and wheat stocks triggered new supply concerns. Soybean futures were pulled higher by the grains and a big jump in projected U.S. usage. However, most of Thursday's gains were reversed as prices turned abruptly on Friday under pressure from poor export sales and reports of U.S. feed buyers booking significant imports of Argentine corn. USDA's larger-than-expected U.S. soybean crop estimate and larger world soybean carryout forecast also contributed to the sharp turnaround. The focus in the corn and soybean markets is also now shifting to South America and prospects for record production there. Livestock futures gained ground last week with live cattle futures finding support from tighter cattle supplies and stronger-than-expected wholesale beef prices. Lean hog futures were again supported by strength in cash hog and wholesale pork prices as lower hog weights limited production. Cotton futures were pressured by a higher-than-expected USDA crop estimate on Thursday, but gained back some ground on better-than-expected export sales. Click on the Brock logo or call 1-800-558-3431 for more info on our services.