WASDE Report: Livestock Higher - Grains Lower - Opportunity Exists in Option Markets

There are times when the market will complete a 78.6% retracement to a 78.6% retracement the other way as the Soybeans just did, or it can make a move of one major Gann square to another like it did in...

Lean hog futures finished the last trade day of the week with $0.87 to $1.52 gains. For Feb, that only reduced the week’s loss to $1.12. The National Average Base Hog price for Friday afternoon was 17...

Live cattle limited the week’s draw down with a triple digit gain of as much as 2% on Friday. Feb fats were up by $3.20 for the day, but still down by $3.40 for the week. There have been no Dec cattle...

Short- covering rally to end week

In my opinion, cattle feeders got busy this week procuring inventory at the best basis spread of the year.  Not only that, I have heard of light weight cattle being gobbled up for wheat pastures and the...

Midday hog futures are trading 40 to 62 cents in the black, with the Feb contract ~20 cents off the session high. Feb futures have seen a$1.15 range so far for the last trade day of the week. The National...

Despite a bear friendly report, the cattle futures market is trading with triple digit gains of as much as 1.7%. Feeder cattle are leading the way through midday with gains of over 2% as the Jan contract...

WASDE - 2023-12-08

Corn and soybeans gain ground ahead of this morning’s WASDE report while the wheat rally stalls out. These are the levels to watch for in today’s trade.