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While unsure if a higher fat price this week will turn negative margins to plus for cattle feeders, I can't recall a time when the industry has been able to have its cake and eat it to.
Wheat futures were the leader in today’s grain trade, is a bigger breakout looming? Corn and soybeans continued to chop around, while cattle posted another strong performance.
Lean hog futures are showing 40 to 60 cent losses at midday, as April is steady ahead of the Wednesday expiration. USDA’s national base hog price was reported at $90.26 on Tuesday morning, up $1.03 from...
Live cattle futures are up $1.95 to $2.80 in most contracts on Tuesday. Last week’s cash trade was at $246-249 in the South, with some northern action near $249-250. Monday had some cleanup trade at...
June lean hog futures present a selling opportunity on more price weakness.
Cattle futures continued to linger near the contract highs while lean hogs saw additional technical pressure. Prices and indicators are nearing an inflection point.
Lean hog futures closed the Monday session with front months down a nickel to 67 cents and deferreds 7 to 42 cents higher. USDA’s national base hog price was reported at $89.04 on Monday afternoon, down...
Live cattle futures were mixed on Monday, with contracts $1.125 lower to 40 cents higher at the close. Last week’s cash trade was at $246-249 in the South, with some northern action near $249-250. Feeder...
Live cattle futures were mixed on Monday, with contracts $1.125 lower to 40 cents higher at the close. Last week’s cash trade was at $246-249 in the South, with some northern action near $249-250. Feeder...
Lean hog futures closed the Monday session with front months down a nickel to 67 cents and deferreds 7 to 42 cents higher. USDA’s national base hog price was reported at $89.04 on Monday afternoon, down...
