Lean Hogs May '24 (HEK24)

Only $6.47 in the spread between March feeders and August fats to the previous historical spread width of $136.67.

Lean hog futures posted are back to mixed action so far on Tuesday, with front months within 35 cents of unchanged. USDA’s national base hog price was not reported Tuesday morning due to low volume....

Live cattle futures are showing 30 to 55 cent gains so far on Tuesday. Cash trade from last week settled in at $232-233 across the country. Feeder cattle futures are up another $1.95 to $2.30 at midday....

Live cattle futures closed with mostly higher action, up 82 cents to $1.25, as the exception was February, down 12 cents. Open interest was up 214 contracts. Cash trade from last week settled in at $232-233...

Lean hog futures posted gains of $2.05 to $2.50 gains in the front months on Monday. Preliminary open interest was up 5,225 contracts. USDA’s national base hog price was reported at $66.36 on Monday...

Live cattle futures closed with mostly higher action, up 82 cents to $1.25, as the exception was February, down 12 cents. Cash trade from last week settled in at $232-233 across the country. Feeder cattle...

Lean hog futures posted gains of $2.05 to $2.50 gains in the front months on Monday. USDA’s national base hog price was reported at $66.36 on Monday afternoon. The CME Lean Hog Index was back down 41...

A strong start to first full week of the new year

With the higher price action of '25, and losses incurred,  rationing has begun to contract processing capacity.  I anticipate the same in production capacity as noted by other analyst's that some states...

Traders will be watching U.S.-China trade relations, a Russia-Ukraine peace deal, and new cases of the new world screwworm, among other catalysts as the new year kicks off.