Yesterday there was a strong recovery in outside markets that helped to support the market and I’ve been hearing that traders are looking at the heat in the central and southern plains as a factor which may push beef production lower. With this lower than expected production, the average dressed cattle weights for the week ending on June 25th came …
Soy & Corn Market Commentary
SOY The bean market saw a two sided trade today. The market was able to close a bit higher. This recent fall may be enough for a minute. The crop condition ratings fell 2% week to week. They remain above the ratings last year. The trade however may wait to see how much recent rain, and the forecast will help …
Livestock Report
Walsh Trading Daily Insights Commentary August Lean Hogs opened higher, traded to the session low at 102.15 and then reversed course and rallied the rest of the session to the high at 106.425 and settling at 105.95. The rally stalled just shy of resistance at the declining 21-DMA at 106.525. There is strong resistance just above here at 106.85 and …