It appears no one is left that doesn't know how difficult of a profit margin position the cattle feeder, and producers as a whole, have placed themselves into.
Oliver Sloup covers grain markets as they come off a sharp reversal, with today’s trade marking a reversal of the reversal. Can the momentum continue from here?
Lean hog futures are down 70 cents to $1.30 so far on Wednesday. USDA’s national base hog price was not reported on Wednesday morning due to light volume. The CME Lean Hog Index was back down 8 cents...
Live cattle futures are down $2.20 to $2.35 so far at midday. Cash trade has been quiet so far this week with bids of $232 so far in the South. The Wednesday morning Fed Cattle Exchange online auction...
Live cattle futures closed Tuesday with gains of 50 to 75 cents. Cash trade has been quiet so far this week with last week reported at $232-233 across the country. Feeder cattle futures posted another...
Lean hog futures closed with nearby February down 47 cents on Tuesday, with other contracts steady to a dime higher. Open interest was up 3,011 contracts on Tuesday. USDA’s national base hog price was...
Live cattle futures closed Tuesday with gains of 50 to 75 cents. Cash trade has been quiet so far this week with last week reported at $232-233 across the country. Feeder cattle futures posted another...
Lean hog futures closed with nearby February down 47 cents on Tuesday, with other contracts steady to a dime higher. USDA’s national base hog price was reported at $76.36 on Tuesday afternoon, up $10...
Only $6.47 in the spread between March feeders and August fats to the previous historical spread width of $136.67.