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January 26, 2015
In the News
The next issue of Agri Marketing will include a report on ag TV programs and the Best of CAMA winners! For advertising opportunities, contact Audrey Evans at AudreyE@AgriMarketing.com or call her at 515-954-8589.
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 | presents WEEKLY COMMODITY HIGHLIGHTS |
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Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -¼ | 3.86 ¾ | 4.29 |
| Soybeans | -.19 | 9.72 ¾ | 12.77 |
| Wheat | -.02 | 5.30 | 5.70 |
| Cattle | -3.80 | 150.35 | 143.93 |
| Hogs | -5.20 | 69.30 | 85.58 |
| Cotton | -1.93 | 57.30 | 87.33 |
| Milk | +.07 | 16.08 | 20.92 |
| Crude Oil | -3.54 | 45.59 | 97.32 |
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Comments: All agricultural markets continued to come under some broad pressure from a strong U.S.
dollar last week with the euro collapsing against the dollar in the wake of the European Central Bank's larger-than-expected monetary stimulus plan.
The arrival of needed rains in key Brazilian growing areas and fears the strong dollar will lead to more cancellations of U.S.
soybean exports helped send soybean futures to their lowest levels since October.
U.S.
weekly soybean export sales for the week ended Jan.
15 were the lowest of the marketing year.
Corn and wheat futures largely consolidated amid conflicting fundamentals with the corn market finding support from the largest weekly U.S.
export sales total of the marketing year.
Wheat futures found some support from the heightened tensions in Ukraine and from solid weekly export sales.
Snowfall in the southern Plains was a negative wheat market factor.
Livestock futures took a beating again with the lean hog contracts hit the hardest amid continued pressure on cash hog/wholesale pork prices from ample U.S.
hog supplies.
Larger-than-expected Dec.
31 frozen pork stocks helped boost demand worries.
Live cattle futures continued to be buffeted by commodity fund long liquidation and demand worries with end-December frozen beef stocks coming in well above expectations.
Friday's monthly USDA Cattle-on-Feed Report was friendly for prices, showing lower-than-expected December feedlot placements, but offered little initial price support.
Cotton futures fell to new long-term lows under pressure from the strong dollar, even though USDA reported strong weekly export sales on Friday.
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