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In my opinion, a plethora of news, rumors, and potential changes in processing, sent a lot futures traders to the sidelines.
Lean hog futures are up another 40 to 75 cents so far on Friday. USDA’s national base hog price was reported at $88.96 on Friday morning. The CME Lean Hog Index was 40 cents higher on Feb 18 at $87.59....
Live cattle futures are trading with 80 cents to $1.60 losses ahead of the USDA Cattle on Feed report this afternoon. Cash trade has been quiet so far this week, with a few bids of $245 across the country...
April lean hog futures present a selling opportunity on more price weakness.
Lean hog futures extended the bounce back on Thursday, with gains of 55 to 90 cents. Open interest was down 14,236 contracts on Thursday, mainly in the February as it settled on the 18th . USDA’s national...
Live cattle futures saw higher trade into the close, with contracts up 45 cents to 90 cents. Open interest hinted at new buying, up 2,790 contracts on Thursday. Cash trade has been quiet so far this week....
Lean hog futures extended the bounce back on Thursday, with gains of 55 to 90 cents. USDA’s national base hog price was reported at $91.04 on Thursday afternoon, up $2.70 from the day prior. The CME...
Live cattle futures saw higher trade into the close, with contracts up 45 cents to 90 cents. Cash trade has been quiet so far this week. The Thursday Fed Cattle Exchange auction showed no sales on the...
