Cattle markets break down to end week on a sour note
Live cattle futures were down 90 cent to $1.50 across the front months on Friday, as April was still $1.37 higher this week. Cash trade was limited this week, with some $245-247 in the North and some southern...
Lean hog futures were up another 20 to 75 cents on Friday, as the bounce this week saw April rally $2.40. USDA’s national base hog price was reported at $88.96 on Friday afternoon, down $2.08 from the...
In my opinion, a plethora of news, rumors, and potential changes in processing, sent a lot futures traders to the sidelines.
Live cattle futures are trading with 80 cents to $1.60 losses ahead of the USDA Cattle on Feed report this afternoon. Cash trade has been quiet so far this week, with a few bids of $245 across the country...
Lean hog futures are up another 40 to 75 cents so far on Friday. USDA’s national base hog price was reported at $88.96 on Friday morning. The CME Lean Hog Index was 40 cents higher on Feb 18 at $87.59....
April lean hog futures present a selling opportunity on more price weakness.
Live cattle futures saw higher trade into the close, with contracts up 45 cents to 90 cents. Open interest hinted at new buying, up 2,790 contracts on Thursday. Cash trade has been quiet so far this week....