Futures traders were quick to relinquish their buying today. I think that when you delve inside the business, you'll find that importers are no longer chasing the bid for imported inventory.
Educational and Actionable information using Fibonacci and W.D. Gann analysis
Live cattle were higher early in the Tuesday session but bulls felt queasy by midday. Futures closed down 12 to 90 cents in the nearbys and 32 cents to $1.12 higher out in the 2025 contracts. Cash action...
Lean hogs saw gains of $1.20 to $2.45 on Tuesday. USDA’s National Average Base Hog negotiated price was up $1.54 cents from the Monday afternoon print, at $91.85 on Tuesday afternoon. The CME Lean Hog...
Live cattle are back down $1 to $1.32 on Tuesday’s midday. Cash action was negligible on Monday, with showlists being compiled. Last week’s trade was $183-184 live and $292 dressed in the North, steady...
Lean hogs are posting $1.25 to $2.15 gains on Tuesday. USDA’s National Average Base Hog negotiated price was up 70 cents from the Monday afternoon print, at $91.01 on Tuesday morning. The CME Lean Hog...
Live cattle ended Monday with contracts up $2.35 to $3.20 in reaction to a friendly USDA Cattle on Feed report. Cash action was negligible on Monday, but had picked up on Friday, with some $183-184 live...
Lean hogs eked out some gains on Monday, with contracts steady to $1.20 higher across the board. USDA’s National Average Base Hog negotiated price was up $1.82 in the Monday afternoon print, at $90.31....
