Lean hog futures posted losses of $1.45 to $1.80 on the Wednesday session. USDA’s national base hog price was up 15 cents in the Wednesday afternoon report at $69.71. The CME Lean Hog Index was up 31...
Live cattle futures saw losses of 85 cents to $1.15 on Wednesday. There were another 20 deliveries tendered on Wednesday. Cash trade has been slow this week, with a few early sales at $229. The Wednesday...
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Futures traders turned skeptical by the close on packers paying a higher price this week.
Lean hog futures are trading with contracts down $1.60 to $1.70 at midday. USDA’s national base hog price was up 26 cents in the Wednesday morning report at $70.17. The CME Lean Hog Index was up 31 cents...
Live cattle futures are showing losses of 17 to 50 cents so far on Wednesday. Cash trade has yet to get kicked off this week, with a few early sales at $229. The Wednesday Fed Cattle Exchange online auction...
Live cattle futures were 15 to 35 cents higher at the Tuesday settlement. Open interest was up 2,007 contracts. Cash trade has yet to get kicked off this week, as last week was mostly $230. Feeder cattle...
Lean hog futures reversed higher from the Monday weakness, with Tuesday gains of 75 cents to $1 higher. Open interest suggested some short covering, down 4,899 contracts. USDA’s national base hog price...
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. I like the weekly chart pattern for lean hogs presented below. We are working on...