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Analysis & Advice

Hogs--Closing Perspectives and Market Advice

August 22, 2017 3:29 PM CDT by Doane Advisory Services
Market Updates
  • August 22, 2017 3:37 PM CDT by DAN VAUGHT
    Corn futures finished 2 1/2 to 3 cents lower, closing at their lows of the day. Futures slipped to their lowest level since last September following a brief corrective gain in the early trade. Widespread, soaking rains over some of the driest areas of the western Corn Belt weighed on the market today. Basis levels were steady to stronger, however, as farmers keep their bin doors locked. Results from the first day of Farm Journal Midwest Crop Tour provided only limited direction to the market. The tour found a better-than-year-ago crop in Ohio and lower-than-year-ago crop in South Dakota. The trade is waiting for tour data from the key central Corn Belt states.