In another volatile trading session June Lean Hogs opened lower and rallied to the high of the day at 92.80. It wasn’t able to take out yesterday’s high at 92.825 and sellers took over and drove price down hard past support at 90.45 on its way to the low at 89.65. Bulls came back in the market and price …

Massive rains are forecasted to enter into the Midwest growing areas this weekend and through most of next week. The continued rains have given thoughts to continuing planting delays for corn as the last progress report showed only 30 percent planted vs a five year average of 67. Late planting threats we discussed in Mid-April finally have begun to matter …

                                We might be setting the stage for a weather move to the upside as we’ll be looking at rainfall totals and river levels Sunday night and Monday morning.  Corn acreage loss from non planting and potential replanting is probable and we’re getting to the point in wheat areas where too much moisture causes more headaches than help. Funds are …

June Lean Hogs grinded higher today, besting resistance at 90.45 and then the May 7th high (91.35) was taken out on its way to 92.00 the session high. It settled at 91.825 below resistance at 92.375. It is the highest close since May 3rd as it closed the gap from the low (91.975) on that day to the May 7th …

                                Let’s just say that the producer will be more than happy if nearby corn returns to $4, nearby wheat in Chicago and Kansas City to $5 and nearby beans to $9. We’ve taken off the bearish edge with this week’s short covering rally as funds got a little too cocky and pressed everything below the cost of production well …

June Lean Hogs held support and a strong recovery led to a rally to 90.175, just below resistance at 90.45. It is now in the upper section of May 7th trading range which is where Hogs have been trading in for the past 5 sessions. The range is 91.35 high to 85.375 low. If price can take out the 90.45 …

                                We are approaching parity in the central Heartland with wheat/corn. Remember 60 pounds of wheat per bushels and only 56 pounds of corn. Grain consuming units like turkeys and chickens respond better to wheat than cattle and hogs but if wheat starts having some quality issues and gets discounted then it’s always easier to work it into most rations …

Planting numbers for corn came in this afternoon at just 30 percent planted vs 59 last year and 66 percent the five year average. Will the delay mean higher prices or just more noise and a rally to sell?. The last three crop reports from the USDA have been nothing but bearish for corn as ending stocks have been raised …