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Oklahoma USDA Newswire

Market Overview
Quotes are delayed, as of December 01, 2022, 07:06:28 AM CST or prior.

Weather Radar
Waukomis, Oklahoma (73773)

Cotton Rallies the 4c Limit
With December in the delivery process, 5 contracts thus far, the contract traded 445 points higher on no limit. The other front months stopped at their 4 cent allotted limit through May ’23 with July up by 393 points on the day. New crop December closed above 80 cents for...
Hogs Recover Ground on Wednesday
Lean hog futures recovered 40 cents to $1.82 across the front month contracts on Wednesday. That still leaves Feb with a net $3.15 draw down for the week to date. The USDA National Average Base Hog Price for Wednesday was $2.15 higher at $86.06. The 11/28 CME Lean Hog Index...
Feeders Lead Cattle Rally on Wednesday
Front month feeder cattle futures rallied 0.96% to 1.4% on the day, leaving the Jan contract at a net $2.17 gain for the week thus far. Live cattle also traded higher, gaining 27 to 87 cents on the day. Feb fats sit with a 55 cent gain for the week...
Wednesday Wheats Gain Back Double Digits
Month end position squaring allowed wheat prices to rebound on Wednesday with double digit gains in the winter wheat contracts. December spring wheat was up 16 1/2 cents, but the other nearbys recovered just 4 1/2 to 8 1/2 cents on the day. SRW futures closed up by 10 1/2...
Soybeans Pull Off Highs, but Still Add to Upside
Bean prices were off their highs at the close on Wednesday, but still higher by 3 to 10 cents in the front months. Nov ’23 was left behind on just a 3 cent gain, and is now at a 70 1/2 cent discount to nearby Jan. Soybean meal prices stayed...
Midweek Drop in Corn Market
Corn prices stayed in an 8 1/4 cent range on Wednesday but closed near the low of the day with 2 1/2 to 5 cent losses in the front months. The 2023 crop contracts were the weakest, widening the inverse to now 60 1/2 cents March ’23 to Dec ’23....

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