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Market Recap: Hogs & Cotton Finish in Positive Terratory

Hog futures ended mostly lower, facing pressure from another week of high pork production. Hog weights have started to top record levels, and the pace of production remains more rapid than expected for early November.
Most-active February hogs slid 35 to 90.57, the April contract fell 35 as well to 93.25.

U.S. cattle futures ended higher Thursday, boosted by light cash-cattle trade at prices steady with the low end of week-ago levels. December live-cattle advanced 4 to $131, February cattle rose 4 to $132.

Corn gained for the second time in three sessions on speculation that use of the grain to make ethanol won't fall amid strong producer margins and increased demand for U.S. supplies. Soybeans gained on signs of strong demand for supplies from the U.S., the world's second-biggest exporter of the oilseeds. U.S. export report said exporters sold 618,100 tons of wheat to overseas buyers in the week through Nov. 14, topping analyst forecasts.
December Corn gained 6 to $4.23, January Soybean rose 17 3/4 to $12.91, December Wheat in Chicago gained 1 1/2 to $6.48, and December KC wheat fell ¾ to $6.94.

Cotton futures were in positive territory but off the day's highs after U.S. cotton export sales came in lower than at the same point last year. March cotton gained 21 to 78.35, and the May contract gained 26 to 78.88.

Gold sank to a new four-month low Thursday as signs that the U.S. economy continues to improve triggered a new wave of selling among investors.
December Gold fell $14.40 to $1,243.60, December silver closed $19.93, down 12.4 cents.

Oil futures rose Thursday as traders bet that negotiations on Iran's nuclear program would not lead to an easing of sanctions and a return of the country's oil supplies to the global market.

January crude gained $1.59 to $95.44 a barrel, December gasoline jumped 8.08 cents to $2.74 a gallon, and December distillates gained 5.22 cents to $3.00 a gallon.
Natural-gas futures settled at a four-week high Thursday after government data showed strong residential heating demand pulled down gas inventories by more than expected last week. December Natural gas gained 2.8 cents, at $3.70.
On Wall Street, the Dow industrials closed above 16,000 for the first time on Thursday as stocks rebounded from three days of weakness, after economic data pointed to a slowly improving labor market and subdued inflation. As promised, the Dow closed at 16,009, up 109, the Nasdaq gained 47 to 3,969 and the S&P 500 gained 14 to 1,795. is dedicated to serving the agricultural industry in the Carolinas and Virginia with the latest ag news, exclusive regional weather station readings, and key crop market information. The website is a companion of the Southern Farm Network, provider of daily agricultural radio programming to the Carolinas since 1974. presents radio programs, interviews and news relevant to crop and livestock production and research throughout the mid-Atlantic agricultural community.