|
|
|
|
|
|
May 4, 2015
In the News
Looking to polish up your sales force's skills? Order a copy of "ProSelling: A Professional Approach To Selling In Agriculture." For more info go here. |
|
|
|
|
|
 | presents WEEKLY COMMODITY HIGHLIGHTS |
|
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | - .04 ¾ | 3.59 ¾ | 5.03 ¼ |
| Soybeans | - .01 ¼ | 9.68 ½ | 14.73 ½ |
| Wheat | - .16 | 4.70 | 6.98 ¾ |
| Cattle | - 2.03 | 149.18 | 139.25 |
| Hogs | + 4.05 | 76.00 | 117.38 |
| Cotton | + 0.35 | 66.85 | 94.07 |
| Milk | - 0.34 | 16.26 | 22.85 |
| Crude Oil | + 2.00 | 59.15 | 99.42 |
| 
|
Comments: Grain and soybean futures were lower on the week as most of the Midwest saw nearly ideal weather conditions.
Corn fell to its lowest level since October while farmers were making great planting progress.
Wheat fell to fresh five-year lows amid rains in the southern Plains and rapid planting in hard red spring areas, although dryness remains a concern in the northern Plains.
Losses in soybeans were limited, but the market posted a bearish reversal on the weekly chart.
Lackluster demand and speculative selling are hanging over all three markets.
Cotton was higher on the week, rising to a seven-month high on solid demand and speculative buying, but the market gave back much of its gains on Friday.
Lean hog futures rallied, climbing more than $4 to their highest level since early March, on surging cash market values.
Wholesale pork values also rallied strongly, but not sharply enough to keep packer margins from falling into the red.
Live cattle futures were weaker, sliding on growing fed cattle supplies and slumping wholesale beef prices.
Concern about the ongoing bird flu outbreak continues to hang over the ag complex, and poultry import bans could leave more product in the U.S.
to compete with pork and beef.
Any impact on feed markets should be limited and localized.
Click on the Brock logo or call 1-800-558-3431 for more info on our services. |
|
|
|
|
|
|
|
|
|
|
|
