On feed came out as expected with 102% on feed (11.7 million head) 90% placed and 88% marketed.
Lean hog futures are trading with midday losses of 2 to 50 cents on Thursday. USDA’s national base hog price was reported at $97.32 on Thursday morning, down 18 cents from the previous day. The CME...
Live cattle futures are trading with midday losses of 97 cents to $1.90. The Thursday Fed Cattle online auction showed no sales on the 1,466 head offered, with bids at $254. Cash trade has been slow this...
Lean hog futures were down 15 cents in July, but up 20 cents to $1.45 in the rest of the contracts. USDA’s national base hog price was reported at $97.75 on Wednesday afternoon, up 18 cents from the...
Live cattle futures were up 42 cents in June but down 15 to 75 cents across the rest of the board on Wednesday. Open interest was up 3,469 contracts. The Wednesday Fed Cattle online auction showed no sales...
With another US holiday on the calendar for Friday, Thursday is the last trading day of the week, and it promises to be a doozy.
Again, combining Scott's comments, and the chart, leads me to continue to work aggressively towards protecting what is available, and continuing to hope for further follow through to the upside.
The corn market had recently seen bouts of strength but had been failing to maintain gains. Corn prices maintained early strength for once with strength spilling over from double-digit gains in the wheat...
Lean hog futures were down 15 cents in July, but up 20 cents to $1.45 in the rest of the contracts. USDA’s national base hog price was reported at $97.75 on Wednesday afternoon, up 18 cents from the...
