USDA’s National Average Base Hog price was 30 cents weaker on Thursday afternoon at $94.21. The back month contracts closed off their lows with 2 to 15 cent losses. Thursday’s round of trading pushed the July and August contracts another triple digits higher to the weakness in the deferred months. More Summer Premium for Hog Market June 29, 2023 For more information please view the Barchart Disclosure Policy here. All information and data in this article is solely for informational purposes. On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. Mar 24 Cotton closed at 79.04, up 149 points Jul 23 Cotton closed at 81.25, up 113 points,ĭec 23 Cotton closed at 79.03, up 167 points, ICE Certified stocks were 17,051 bales on 6/28. The AWP is 65.50 cents/lb through Thursday. The 6/28 Cotlook A Index was 60 points weaker to 88.70 cents. The 5-yr average pace would be 88% by this date.
#Usda feeder cattle prices full
That trails last year’s pace by 9% and is 85% of the USDA full year forecast. Cotton exports for the week were 225k RBs for a season total of 10.488 million. USDA marked China and Vietnam as the week’s top buyers. That was a 2-week high, but 77k RBs lighter than the rolling 5-week average. The Dec contract is now at a net 36 point gain for the week.Ĭotton bookings were 125,556 RBs during the week that ended 6/22, according to USDA Export Sales data. The Thursday cotton market closed with triple digit gains of 113 to 167 points. Cotton Futures Bounced Triple Digits June 29, 2023 Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
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