Hedge Plus Reports

Nowhere near as ugly of a day in the hog markets as it was in the grain markets, but a down day nonetheless...

February hogs dropped 87.5 cents to close back below 85 dollars at $84.42½

Selected grain contracts at settlement...

Brutal day in the grain markets as the USDA delivers a surprisingly bearish report...

Mar CORN: down 24¼ cents to $4.41½

Mar SOYBEANS: down 13½ cents to $10.49

Mar WHEAT: down 6 cents to $5.11¼

The USDA today left South American production unchanged but the one change they made was a fairly big one. Brazilian soybean production was raised by 3 million metric tons while a more modest increase was expected