New contract highs have been set this week, is today's weakness just profit taking or a sign of things to come?
Wheat was the bright spot today while the rest of ag (corn, beans, cattle, and hogs) struggled to hold ground
An overlapping of previous wave highs started today with October having traded under what is believed a wave 3 high made on 4/6. A trade of October under $235.90, made on 2/19, will add credibility that...
Lean hog futures are showing mixed action on Thursday, with newly appointed front month May up a nickel and other contracts down 20 to 50 cents. USDA’s national base hog price was not reported on Thursday...
Live cattle futures are slipping back $1.60 to $2.80 at Thursday’s midday. There were 3 deliveries for April live cattle in Dodge City. Cash trade has been quiet so far this week, with a few $248 sales...
Cattle futures saw the recent rally stall yesterday, with a mixed trade in fats and feeders. Lean hogs continued to retreat, breaking below the 200-day moving average for the first time.
Lean hog futures were steady to 50 cents lower on Wednesday, with expiring April up 20 cents. Open interest was up 2,303 contracts on Wednesday. USDA’s national base hog price was reported at $91.88...
Live cattle futures were down 35 cents to $1.40 on Wednesday, with April up a nickel. Open interest was down 4,944 contracts on Wednesday, suggesting new selling interest. There were 3 deliveries for April...
Lean hog futures were steady to 50 cents lower on Wednesday, with expiring April up 20 cents. USDA’s national base hog price was reported at $91.88 on Wednesday afternoon, up $1.11 from the day prior....
Live cattle futures were down 35 cents to $1.40 on Wednesday, with April up a nickel. There were 3 deliveries for April live cattle in Dodge City. Cash trade has been quiet so far this week, with a few...