As expected, the USDA did little to wake up bulls in the grain markets. Is there any hope for a rally in these markets?
The positive basis continues to support the futures. Cattle feeders are making a little headway with futures higher, but the basis is laden with risk that will be converged.
Live cattle futures are trading with 90 cent to $1.37 gains on Thursday. There were no deliveries issued against June futures on Wednesday. Cash trade saw some very light $402 dressed trade in the north...
Lean hog futures are mixed at midday, with contracts down 25 cents to 25 cents higher. USDA’s national base hog price was reported at $97.60 on Thursday morning, up 25 cents from the day prior. The CME...
WASDE - 2026-06-11
Live cattle futures posted gains on Wednesday, with contracts up 42 cents to $2.07 on the day. Open interest suggested new buying interest, up 1,169 contracts. There were no deliveries issued against June...
Lean hog futures saw mixed trade late on Wednesday, with contracts up 70 cents to 75 cents lower. Open interest was 2,640 contracts. USDA’s national base hog price was reported at $97.52 on Wednesday...
Lean hog futures saw mixed trade late on Wednesday, with contracts up 70 cents to 75 cents lower. USDA’s national base hog price was reported at $97.52 on Wednesday afternoon, up 4 cents from the day...
Live cattle futures posted gains on Wednesday, with contracts up 42 cents to $2.07 on the day. There were no deliveries issued against June futures on Wednesday. Cash trade saw some light $402 dressed...
