Cattle Rallies in Front of COF Report

Friday’s cattle trade settled triple digits higher. The $2.10 gain in October left the lead month at a 15 cent gain for the week’s move, while Dec was still 47 cents in the red Fri/Fri. USDA reported...

Front month hog prices were another triple digits lower to close the last trade day of the week. Dec and Feb futures gave back another 3% on the day. For Dec hogs that cemented the weekly pullback at $2.92,...

In my opinion, a shift was felt in the financial and commodity markets this week.  As the Fed is tasked with lowering inflation, and rates believed the main tool of impact, the most recent bout of inflation...

Cattle on Feed - 2023-09-22

The cattle board is up by $1.10 to $1.52 for the last trade day of the week. That has Oct futures back to break even for the week’s net move. USDA reported cash trade from $183 - $187 with most sales...

Following the sharp losses on Thursday, the Friday market has hogs another triple digits lower. Dec futures are again leading the way on a 2.9% pullback to follow the limit loss yesterday. USDA’s National...

December futures ended yesterday with a limit loss of $3.75, as the other front months were $1.52 to $3.15 in the red. USDA’s National Average Base Hog price for Thursday was 71 cents lower to $78.09....

Live cattle futures fell in tandem with the other ag futures, ending the session $1.77 to $2.02 in the red. The feeder cattle market settled lower by $0.80 to $2.87. USDA reported cash trade from $183...

The strength in this market is measured by the fact that the June low held 38.2% of the contract high and low at 233.55, there was also a major Gann square at 233.96.