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PIGS FLY --: PIGS FLY COMMENTS

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TODAYS COMMENTS FROM 2026-05-22

Cash was 93.23 and the net change was -0.35. The volume was 1452. The high was 95.00. and the low was 90.00. Product was 96.26 0.62 with 326.17 loads. Load count vs. last year stands at -1658.01. The index yesterday was 90.85 -0.06. The final index est we had was -0.01. The Pre. index estimate for today appears to be -0.59 at 90.26. The weighted index model was 92.34 -0.13. The net cash model was 91.81 -0.14. The index value was 92.07 -0.13. Basis in the front month contract was 4.900 and changed by 0.685 with the basis last year at 5.28. One year ago today the basis average in the front month contract for the 3yr and 5yr averages are 3.98 and 4.43. Negotiated vs. product margin was 3.03 the difference from yesterday was 1.65. Slaughter for the current day was 409000. This year total slaughter is running -0.8 versus last year with revision. The US corn front month futures per bushel was 4.64 0.01. The US soybean meal front month futures per bushel was 7.97 0.11 and per ton it was 332.00 4.70. The US dollar index was 99.32 0.13