Walsh Trading Daily Insights Commentary June Lean Hogs opened on weakness, trading to the low of the day at 88.725 and then found its footing and sprinted to the session high at 90.15. It consolidated the rest of the session and settled at 89.95. It was an extremely positive day for Hogs in relation to the cattle, grain and most …
Livestock Report
Walsh Trading Daily Insights Commentary June Lean Hogs took one to the chin and went down for the count as prices broke down erasing Friday’s gains. Price was lower at the open, making the high at 91.425 and then racing to the low at 88.95. It consolidated the rest of the session and settled at 89.70. Friday’s rally extended the …
Grain Spreads: Old Crop Inversions
Commentary Export inspections for corn came in at a marketing year high of 59.8 million bushelsfor export inspection in the week ending April 27. The recent trend for inspections shows a good week, followed by a poor week, and then repeating again. China took in just 8.0 million bushels of corn on inspection. The total marketing year to date corn …