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Futures traders continued to narrow basis spreads starting off the week. Although not the best marketing price structure, it is improved greatly from last week, and second only to two weeks ago.
Weather conditions, consumer concerns over still-high gas prices, and potential long-term implications from a DOJ investigation will move cattle and hog futures prices this week.
Live cattle futures are up $2.02 to $4.05 on Monday. Cash trade last week was centered around $246 across the country, with a few late sales of $248. Feeder cattle futures are rallying on Monday, up $4.17...
Lean hog futures are up a nickel to 45 cents in the front months on Monday. USDA’s national base hog price was reported at $90.32 on Monday morning, down 28 cents from the day prior. The CME Lean Hog...
There are three certainties in life: death, taxes, and people arguing over the economy.
Lean hog futures were down 45 cents to $1.55 in most front months on Friday, with June up 85 cents last week. Open interest was up just 998 contracts on Friday. USDA’s national base hog price was reported...
Live cattle futures were $1.22 to $1.77 higher at the Friday close, to limit the weekly loss for April to $1.65. Cash trade last week was centered around $246 across the country, with a few late sales...
EF4 Tornado hits our town of Enid, Oklahoma
Live cattle futures were $1.22 to $1.77 higher at the Friday close, to limit the weekly loss for April to $1.65. Cash trade this week has been centered around $246 across the country, with a few late sales...
Lean hog futures were down 45 cents to $1.55 in most front months on Friday, with June up 85 cents this week. USDA’s national base hog price was reported at $90.42 on Friday afternoon. The CME Lean Hog...
