Corn May +14 756 (743-65); Jly +16 728; Dec +18 664 (647-70)

Bean May +23 1691 (1667-1710); Jly +26 1672; Nov +23 1490 (1466-98)

  Meal May +4 481; Dec +4 426

  Oil  May +142 7371; Dec +145 6573

Wheat May +55 1119 (1062-1149 limit); Jly +48 1093 (1041-1125)

  KC May +43 1113; MGE +28 1089

Oats +32 727

Rice +30 1593

 

LC Apr -45 14005; Jun -72 13635; Aug -32 13727

FC Mar -90 15610; May -170 16575; Aug -155 17915

LH Apr +122 10062; Jun +375 11982; Aug +352 11730

Milk Apr +31 2374; May +52 2459

CBOT futures closed higher across the board as commodity bulls rushed into the markets on continued concerns for supplies out of Russia and Ukraine. Wheat lead ag futures higher with the May Chicago contract trading limit UP 85 cents at one point. Wheat backed off from the extreme highs as the radar began to light up in the Southern Plains. This moisture is desperately needed in TX/OK/KS. Corn was supported by the wheat rally. December Corn made new contract highs.  The rally in all the major crops stalled out mid-morning.

Cattle futures closed lower on last week’s disappointing cash fed market and higher corn futures. Choice beef finished up .34 at 258.50 and Select gained 1.85 to 252.50. Beef movement of 90 loads was weak. Last week’s average 5-market fed steer price was $139.10, up $.80 from the previous week. Dressed steers averaged $221.68, up $0.57 from the week before.
 

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Tuesday, Mar 22 - Thursday, Mar 24, 2022

Lean hog futures closed higher to sharply higher despite today’s weaker cash hog price and pork cutouts. The rally may have been supported technically after futures dropped last Thursday and Friday. FOB Plant Pork ended down 3.34 at 101.61. Both ham and belly values dropped 7 cents/lb.

US$ +.3% 98.50

Dow -202 34553

SP -2 4461

NAS -55 13838

Tran -126 16372

  VIX -.3 23.57

 

WTI +782 11091

Brent +872 11665

Gas +14 338

NG +8 495

HO +23

Gold +6 1936

Slvr +31 2539

 

2-yr +.160 2.117%

5-yr +.180 2.323%

10yr +.145 2.293%

30yr +.099 2.517%

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