03/12/2010 08:32AM
Packer bids of $91 in the central and southern plains are not garnering
much interest. Kansas through Texas feedlots are asking $94 and $95.
Given the fact wholesale beef has wallowed around this week, we see no
reason to expect anything but steady at $92 action.
03/12/2010 08:31AM
Pit-traded lean hogs at the Chicago Mercantile Exchange could begin
Friday's session mixed as traders square positions before the weekend
and clean up leftover Goldman roll business.
03/12/2010 08:24AM
Feeder cattle futures closed mostly higher on Thursday, with strength
stemming from lower corn values. Open interest was higher on the rally,
signaling more new buying in the market.
03/12/2010 08:23AM
Supportive signals from outside markets and an absence of sellers are
expected to nudge Chicago Board of Trade corn futures higher early
Friday.
03/12/2010 08:21AM
Crude futures hit a two-month high Friday after an unexpected
improvement in U.S. retail sales signaled that the economic recovery
continues to gain momentum.