A very interesting day in the Hogs. They gapped open about $1.78 cwt and ran up on expanded limits only to come off and fill the AM gap. Only to closed up $0.92. The USDA estimated slaughter was posted at 318,000 head 47,000 head under last week. Cash market for cut outs, bellies, butts, etc. were all higher.
In grains Corn and Beans were modestly lower 1.25 and 4.5 respectively while wheat ended 1.25 higher.
This jobs number should ease some recession fears, although next weeks CPI will be a key indicator as we all know. Payrolls were up...
It is incredible the products the CME Group keep developing to efficiently manage risk. Coming in October they will be releasing products...
The CME in August will be introducing a new Lumber Futures Contract that is very beneficial to hedgers. Her are the highlights... New...
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