Cattlemen continue to bid whatever price necessary to bring inventory home. That appears the simplest part of the equation.
Lean hog futures are mixed, with contracts up 40 to 60 cents at midday. USDA’s national base hog price was not reported on Thursday morning due to thin trade, with the 5-day rolling average at $95.11....
Live cattle futures are showing 97 cents to $1.85 losses across most contracts on Fruday. Cash trade has mostly been $256-260 so far this week, with southern action $256-258 and northern trade at $258-260....
Lean hog futures posted mixed action on Thursday, with front months down 20 to 32 cents and the rest of the board up a nickel to 80 cents. Open interest was down 2,667 contracts on Thursday. The CME Lean...
Live cattle futures closed the Thursday session with contracts down $2.80 to $3.92 despite a failed midday rally off the lows. Open interest was down 3,036 contracts in Thursday showing longs liquidating....
Lean hog futures posted mixed action on Thursday, with front months down 20 to 32 cents and the rest of the board up a nickel to 80 cents. The CME Lean Hog Index was back up 9 cents on May 5 at $91.19....
Live cattle futures closed the Thursday session with contracts down $2.80 to $3.92 despite a failed midday rally off the lows. Cash trade has seen action kick off at $256-260 so far through Thursday, with...
There are a few factors that appeared today that may be some of the reason for the lower trade.
Darin Newsom suggests that recent commodity market declines are driven by speculative liquidation and false headlines regarding a ceasefire in Iran, though he anticipates a rally next week fueled by renewed...