Thursday, June 30, 2016 12:34PM CDT
John Harrington attempts to explain to his grandson how USDA's Cattle on Feed and Hogs and Pigs reports are similar to the games of checkers and chess ... more or less.
Thursday, June 30, 2016 12:29PM CDT
The 2016 wheat harvest is producing impressive yields, but protein levels are wide-ranging and lower than last year, and rains have stalled the harvest in parts of Oklahoma and Kansas.
Thursday, June 30, 2016 12:26PM CDT
In addition to increasing acreage for both corn and soybeans, USDA estimated quarterly corn stocks at 4.722 billion bushels and quarterly soybean stocks at 870 million bushels.
December corn was 2 cents higher, November soybeans were 6 cents higher, and September Chicago wheat was 1 cent higher.
Live and feeder cattle contracts should open moderately higher, supported by residual buying interest and cash optimism. On the other hand, lean hog futures are geared to open lower, checked by spillover selling and defensive pork carcass value.