Lean hog futures are mostly higher Monday, according to Doane Agricultural Report. Front end contracts are being supported by the strong gains in the cash market last Friday. Wintery weather in the Midwest is expected to disrupt hog marketings this week. Firm pork cutout values and declining supplies of market-ready hogs helped push cash prices up the national average hog price by $2.50 on Friday. February is $1.50 higher at $87.25 and April is $1.98 higher at $93.60.
Corn futures are solidly higher at midsession. Weakness in the dollar and firm crude oil prices are supporting trade. Commodity markets are being supported by outside markets and fund buying is being attributed by end-of-month fund buying. March is 10 1/4 cents higher at $6.54 1/4 and December is 10 1/4 cents higher at $5.86 3/4.
Soybean futures are trading higher at midday. The port strike in Argentina, spillover strength from corn and wheat and weakness in the dollar are supportive factors. The port strike has delayed 20 ships from leaving ports in the Argentine province of Rosario. Further gains are being limited by rainfall in Argentina that is benefitting soybean crop conditions. March is 11 3/4 cents higher at $14.09 3/4 and November is 16 3/4 cents higher at $13.39 3/4.