Cattle feeders are continuing to bid higher for incoming inventory, at a time when even fewer cattle are anticipated available, and woefully too much production capacity.
Live cattle futures are up 25 to 37 cents at midday, with other contracts slightly lower. Cash trade was stronger last week, as most of the country was $230. A few sales in the north reached $234. Feeder...
Lean hog futures are down 75 cent to $1 across most contracts on Monday. USDA’s national base hog price was up $2.07 in the Monday morning afternoon report at $73.00. The CME Lean Hog Index was up 23...
Oliver Sloup joins RFD-TV for another market update, Corn, soybeans, and wheat are trading below technical support, where are the next support levels to keep an eye on? Tune in to find out more!
Lean hog futures posted 25 to 35 cent gains across the front months on Friday, with December down 7 cents upon expiration. February was up $2.25 last week. Friday’s open interest was up 889 contracts....
Live cattle futures closed Friday with losses of 57 cents to $1.40, as February was $2.40 higher over the week. Open interest suggested a rotation of ownership, up just 237 contracts on Friday. Cash trade...
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Grain markets weak, cash cattle on fire!
Lean hog futures Posted 25 to 35 cent gains across the front months on Friday, with December down 7 cents upon expiration. February was up $2.25 this week. USDA’s national base hog price was down 41...