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Basis didn't improve much, if any, and everyone appears to be holding their breath to see who pays up, and who doesn't.
Cold Storage - 2026-02-24
Lean hog futures are trading with $1.6 to $1.95 gains in the front months. USDA’s national base hog price was not reported on Tuesday morning, with the 5-day rolling average at $89.33. The CME Lean Hog...
Live cattle futures are trading with 47 cent gains in the February as other contracts are steady to 20 cents lower. Cash trade has been quiet so far this week, with last week at $246-249 in the North...
Lean hog futures managed to close out Monday with gains of a tick to 50 cents. Open interest suggests new longs coming back in, up 3,655 contracts on the higher price movement. USDA’s national base hog...
Live cattle futures saw Monday losses of $1.60 to $2.75 across the front months on Monday. Open interest was up 923 contracts on Monday. Cash trade was limited, with some $246-249 in the North and some...
Live cattle futures saw Monday losses of $1.60 to $2.75 across the front months on Monday. Cash trade was limited, with some $246-249 in the North and some southern trade up to $249. Feeder cattle futures...
Lean hog futures managed to close out Monday with gains of a tick to 50 cents. USDA’s national base hog price was reported at $91.28 on Monday afternoon, up $2.32 from the day prior. The CME Lean Hog...
The loss of Mexican cattle to produce has come home to roost.
