Hogs: October lean hog futures fell $0.675 to $80.45, nearer the daily low. The lean hog futures market saw more technical selling today as the charts are firmly bearish.
Cattle: October live cattle fell $2.65 to $210.95, near the daily low and hit an eight-month low. November feeder cattle lost $5.275 to $305.70, near the daily low and also hit an eight-month low. October live cattle and November feeder futures today saw follow-through selling pressure as the bullish traders continue to run for cover.
Corn: December corn rose 8 cents to $5.23 1/2, near the daily high and closed at a contract high close. The corn futures market rallied again today, on important follow-through strength from Monday’s solid gains.
Soybeans: November soybeans rose 13 1/2 cents to $12.37 3/4, near the daily high. September soybean meal closed steady at $320.30, near mid-range and hit a three-week high. September soybean oil rose 39 points to 67.52 cents, near the daily high and hit a six-week low early on today. The soybean complex futures saw would be bargain-hunters step in to buy the overnight dips.
Wheat: December SRW rose 3 3/4 cents to $7.03 1/4, nearer the daily high and closed at a four-week high close. December HRW gained 3 1/2 cents to $7.70 3/4, near the daily high. December spring wheat fell 1 1/4 to $7.20. The winter wheat futures market saw modest buying interest today amid the solid rally in the corn futures market and gains in the soybean complex futures.
Cotton: December cotton futures fell 50 points to 88.33 cents, nearer the daily high. Cotton futures today saw some routine profit-taking pressure today, following recent good gains.