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Agri Blog

June 7, Mid day Ag Update:

Employment Report

  • Nonfarm payrolls up 272,000 (estimate 182,000)
  • Unemployment at 4% (estimate 3.9%)

Grain Markets

  • Corn down 4-5 cents
  • Soybeans down 12-18 cents
  • Chinese soybean imports in May: 10.2 million metric tons, down 15% year-over-year

Livestock Markets

Cattle

  • Slaughter 122,000 head
  • Weights up 32+ pounds from last year
  • Feedlot cattle prices $1-2/cwt lower at $185-188

Hogs

  • Slaughter 470,000 head
  • June hog futures steady
  • July hog futures may encounter resistance at $94-96.50/cwt (opinion)

Disclaimer: The risk of loss in Commodity Interest trading is substantial. Past performance is not indicative of future results. Any content presented should be viewed as a solicitation and an inducement to conduct business with AgOptimus. Market information presented is believed to be accurate as of the time of publication. Trading and investment decisions should be made at your own risk and only with risk capital. Be advised the views and opinions expressed herein do not necessarily reflect the current views or positions of AgOptimus and are subject to change at any time.

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