Live cattle futures posted 65 cent to $2.15 gains on Thursday, with April $7.70 higher on the week. Cash trade got kicked off with strength on Thursday, with trade at $245 across the country, up $10 from...
Lean hog futures were 20 to 77 cents higher on Thursday, as April slipped 42 cents this week. USDA’s national base hog price was reported at $90.35 on Thursday afternoon, up 18 cents from the day prior....
The war in Iran is driving a historic surge in energy and grain prices while simultaneously threatening to break the cattle market due to rising input costs and shrinking consumer disposable income.
New Contract Highs in the Live Cattle Market - Grains Still Look Overpriced
Price may move higher or may move lower, but the next most probable move in the industry is to cut production capacity.
Live cattle futures are up 67 cents to $1.05 at midday. Cash trade has yet to get kicked off this week, with bids at midday of $238-242. The Thursday morning Fed Cattle exchange showed no sales on the...
Lean hog futures are down 40 to 60 cents so far on Thursday. USDA’s national base hog price was not reported on Thursday morning due to low volume. The CME Lean Hog Index was down another 4 cents on...
June lean hog futures present a selling opportunity on more price weakness.
The cattle rally continued on Wednesday, with live cattle contracts posting new contract highs and feeder cattle futures within arm’s reach. How much more upside is left?
Lean hog futures turned higher into Wednesday’s close, as contracts were up 12 to 55 cents. Open interest was up 1,292 contracts. USDA’s national base hog price was reported at $90.17 on Wednesday...