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Oklahoma USDA Newswire



Market Overview
Quotes are delayed, as of January 21, 2022, 05:01:48 AM CST or prior.

Weather Radar
Waukomis, Oklahoma (73773)


Commentary
Triple Digit Gains for Thursday Hogs
February lean hog futures closed $2.62 stronger on the day. The other front months were also up by triple digits at the bell but had set new contract highs from the move. April was up $2.65, with a new LOC high of $94.47. USDA’s National Average Base hog price for...
Cattle Market Pulled Back on Thursday
Thursday’s session ended with live cattle futures 7 to 27 cents weaker. The bonus FCE auction sold 681 of the 3,398 head listed for $137. The other pens went unsold on $137.50 to $138.50 asks. USDA maintains $137 for the bulk of cash sales this week. Some higher graded cattle...
Cotton Prices Pulled Back
After having set new LOC highs for 4 of the past 5 sessions, cotton prices retreated on Thursday. The trade day initially worked higher, with May and July each setting new highs before the pullback. At the bell, prices were 44 to 108 points in the red. For New crop,...
Wheat Markets Faded into the Close
Going home on Thursday, domestic wheat markets were mixed. Winter wheat SRW and HRW futures were red at the bell, though spring wheat held 3 1/4 to 5 cent gains into the close. SRW gave back 5 1/2 to 6 1/2 cents in the front months, with new crop a...
Beans Extend the Rally
The domestic soy rally continued through Thursday, with beans having gained another +30 cents! For March beans that brought prices to within 16 cents of the LOC high set last May, while the other contracts set new LOC highs. For new crop November, that new life of contract high is...
Corn Closes Mostly Lower
New crop corn prices ended the day 1 3/4 to 2 1/2 cents in the red. Old crop prices were fractionally mixed going home, with March up by a half penny from yesterday. Barchart’s national average corn basis has hovered near 13 1/4 cents under since mid-December. That compares to...

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