Nonfat Dry Milk May '24 (DFK24)

You only have to look at the chart below to see how well the market adheres to the Fibonacci retracements.

Live cattle posted mixed action with contracts 50 cents lower to 42 cents higher. June futures were held up with a 42 cent gain, as futures are still $4-8 discount to cash. USDA reported cash sales of...

Lean hogs saw mixed action to close out the Monday session with contracts 15 to 60 cents higher and the summer contracts down a dime to 27 cents. USDA’s National Average Base Hog negotiated price down...

Hogs make new low but end day higher

Rationing was stepped up last week as packers cut the slaughter pace again, sending boxes to over $314.00 as of mid-day today.  Rationing will continue until more cattle are made available to produce...

Lean hogs are trading with front months 17 cents higher to 32 cents lower on Monday. USDA’s National Average Base Hog negotiated price not reported on Monday morning due to light volume, with the 5-day...

Live cattle are trading with mixed action on Monday, as contracts are anywhere from 55 cent higher to 15 cents lower across the front months. USDA reported cash sales of $186 in the South, up to $190 in...

Cattle futures prices have largely been consolidating over the last month but appear to be on the verge of a technical breakout ahead of what is viewed as a seasonally friendly time of year.

Live cattle closed the Friday session with contracts up 67 cents to $2.02. June was up $4.90 on the week. USDA reported cash sales of $186-190 across the country on Friday, helped by the beef strength...

Lean hogs slipped lower into the weekend, with contracts down anywhere from a tick to $1.87, led by the nearbys. USDA’s National Average Base Hog negotiated price was back down 76 cents on Friday afternoon...