April live cattle futures trade both sides unchanged on Wednesday after making new highs the prior four sessions. Lean hogs were able to stage a recovery rally.
Lean hog futures bounced by triple digits in the summer months on Wednesday, but are still down for the week after a drop on Monday. USDA’s National Average Base Hog price was $3.51 higher on Wednesday...
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At the close on Wednesday, the live cattle futures market was mixed but within 22 cents of UNCH. Feb and April bounced to new contract highs on the day, but closed just 22 and 10 cents higher respectively....
My prediction for the day was that a 5 wave move up from the 1/19 low to this weeks contract high is complete. I made further recommendations to wrap up marketing's for April and get a heavy start on...
Cattle markets were slow today with the April cattle settling at 163.70 up 10 cents. Feeder fell a little sharper as the corn market were firmer based off of the USDA reports that came out today showing...
The hog market is gaining ground so far. The summer months are leading the way with triple digit gains, as Feb and April are up by 70-75 cents so far. USDA’s National Average Base Hog price was $3.23...
Wednesday’s cattle trade has price mixed within 25 cents of UNCH through midday. The in-delivery Feb contract is higher so far, but the other front months are lightly red. The Wednesday FCE auction sold...
The April lean hog contract saw a $2.80 range from -$1.78 to +$1.02, before closing with a 55 cent gain. The other front month futures ended 10 to 40 cents higher on Tuesday. USDA’s National Average...
