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Lean hog futures are down 310 cents to $1.52 at midday. USDA’s national base hog price was reported at $96.01 on Monday morning, up $1.83 from the day prior. The CME Lean Hog Index was up 9 cents on...
Live cattle futures are down $3.60 to $4.475 so far on Monday. Cash trade was mainly $256-258 last week. Feeder cattle futures are down $3.22 to $3.40 on the day. The CME Feeder Cattle Index was up another...
Lean hog futures posted Friday losses of 30 cents to $2.80, led by July, as June was down $1.55 this week. Open interest was down 4,142 contracts on Friday. USDA’s national base hog price was reported...
Live cattle futures saw weaker midday action though futures pulled off the lows to close up 12 cents to $1.12, as June was up $1.82 last week. Open interest was down 9,652 contracts, suggesting short covering....
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
As spring turns to summer, US beef headlines have announced the return of the New World Screwworm.
Lean hog futures posted Friday losses of 30 cents to $2.80, led by July, as June was down $1.55 this week. USDA’s national base hog price was reported at $93.85 on Friday PM, down $1.81 from the day...
Live cattle futures saw weaker midday action though futures pulled off the lows to close up 12 cents to $1.12, as June was up $1.82 this week. Cash trade crept up to $258 this week following the $256-257...
I have no idea what the next most probable move will be in price for fats or feeders in the futures market.
