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Analysis & Advice

Hogs--Closing Perspectives and Market Advice

June 27, 2017 3:15 PM CDT by Doane Advisory Services
Market Updates
  • June 27, 2017 2:55 PM CDT by DAN VAUGHT
    Corn futures were firmer throughout the day, but trimmed gains into the close to finish just fractionally higher. Futures were supported throughout the day by yesterday's steady crop condition ratings, as traders expected a one-point gain in the "good" to "excellent" categories. Conditions improved slightly from last week in Illinois, Indiana and Iowa, however, which limited buying. A sharply weaker tone in the dollar index added to early buying incentive. But futures softened into the close in reaction to midday weather models that increased rain chances for dry areas. If realized, traders say soil moisture improvements in drier regions of the Corn Belt would provide a needed boost as the crop prepares for pollination next month.