Interesting Ag Markets
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.