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January 4, 2016
In the News
We are celebrating the New Year by launching Agri Marketing Weekly in this new responsive format, allowing subscribers to view the newsletter on any device. Thanks to Meredith Agrimedia for sponsoring this newsletter!
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.05 3/4 | 3.58 3/4 | 3.97 |
| Soybeans | -0.04 | 8.71 1/4 | 10.19 1/4 |
| Wheat | +0.02 1/2 | 4.70 | 5.89 3/4 |
| Cattle | +5.70 | 136.80 | 165.70 |
| Hogs | +1.50 | 59.80 | 81.20 |
| Cotton | -0.38 | 63.28 | 60.27 |
| Milk | +0.22 | 13.56 | 15.91 |
| Crude Oil | -1.06 | 37.04 | 52.27 |
| Corn was down slightly on the week amid continued pressure from large supplies, slow export demand and technical selling.
Year-end position evening likely limited losses, as did logistical issues due to flooding in the Midwest that disrupted the cash market.
Soybeans were also down slightly, as the weather outlook for Brazil has started to improve with more steady rains in key growing areas.
For the year, corn was down 9.8% and soybeans were down 14.5%.
Wheat fell more sharply in 2015, losing 20% in Chicago, but the market was up slightly last week, underpinned by the potential for winterkill in the Black Sea region as a colder pattern emerged in the northern hemisphere.
Futures were also underpinned by the floods across the lower Midwest and the South, where some soft red winter wheat production was threatened.
Cotton was down on the week but remains rangebound.
For the year, cotton front-month cotton gained 3 cents.
Rice was lower on the week and virtually flat on the year.
Crude oil prices were lower on the week while natural gas futures soared amid short-covering and the arrival of winter weather across much of the U.S.
Live cattle futures ended a down year on an up note, rallying amid surging cash trade and higher wholesale beef values.
Futures climbed to a two-month high on Wednesday, propelled by cash trade in the southern Plains at $133 to $135, up $11 to $13 from the prior week.
Boxed Beef values also surged, which helped bolster packer margins.
For the year, front-month live cattle futures were down 18.1%.
Feeder cattle futures were down 23.9% on the year.
Lean hog futures were up modestly on the week, climbing to a two-week high.
For the year front-month lean hogs were down 26% as the industry bounced back from PED and supplies swelled.
Click on the Brock logo or call 1-800-558-3431 for more info on our services.
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