Cattle Markets surge on strong cash markets, Hogs recover after making new low
Today I was interviewed by Michelle Rook on AgWeb's Market Now. We discussed the grain markets, interest rates, gold, and the cattle market.
Lean hog futures bulls have finally found some footing after hitting or getting close to some new contract lows on Friday. Most contracts were up anywhere from 15 cents to $1.85, as expiring June was down...
Live cattle futures followed the cash strength on Friday, as contracts closed out the week with gains of $1.92 to $3.67. Contracts are up anywhere from $1.97 in June to $3.75 in other front months. Cash...
In my opinion, a history setting week is now in the books. A new high for the CME feeder cattle index and a new high for the "all fresh" category of beef. Although not historical, but box prices were...
Live cattle futures are posting a stronger Friday trade, following the cash strength that appeared later on Thursday. Contracts are up anywhere from $1.97 in June to $3.75 in other front months. Cash trade...
Lean hog futures bulls have finally found some footing after a weaker start to the Friday session. Prices are up 70 cents to $2 at midday, ignoring the 47 cent loss for expiring June. The CME Lean Hog...
Grain markets had a strong day yesterday but were unable to find follow-through buying in the overnight and early morning trade. Will technical support hold?
Lean hog futures bulls still can’t find their footing. Prices were down $.27 to $1.35 on Thursday. Nearby June was helped by convergence heading into expiration. The CME Lean Hog Index was up 6 cents...