Front month lean hog futures gapped higher and proceeded to rally as much as 4.96%. The July contract led the way and is back to a premium over the June contract. USDA’s PM National Average Base Hog...
The live cattle futures market ended the day with $1.42 to $2.67 gains and saw new all time highs of above $180. USDA confirmed Tuesday’s cash trade was $3-$5 higher with WCB sales near $190 and $288-$292...
Grain futures prices rally on declining crop conditions. Hot and dry weather conditions throughout the Midwest continue to raise concerns over drought.
Seemingly, the breaking of the consumers spending habit has been slow. Gasoline prices remain elevated over diesel fuel, suggesting more consumer spending than business spending
The lean hog market has turned into a classic Rubber Band Disposition, with commercial and noncommercial interests moving in different directions.
The lean hog market is up triple digits through midday led by a 3.95% gain in the July contract. The June contract has recovered nearly all of the drop since mid-May. USDA’s National Average Base Hog...
June cattle futures are $2.35 higher at midday, but briefly traded +$180 for a new all time high for the lead month contract. The other nearby futures are also triple digits stronger at midday. Feeder...
June, July, and August hog futures took a step back on Monday led by a $1.40 drop in June. The back months extended the rally, ending the day with $0.57 to $1.10 gains. June hogs were still at an $11 premium...
CME reported no delivery notices on FND with the mostly positive basis; the oldest dated long was marked October 25th - there were still 16,056 contracts opened at the settle. Monday’s market worked...
