Lean hog futures were down $2.05 to $3 across the board on Thursday. USDA’s national base hog price was reported at $101.05 on Thursday afternoon, down 74 cents from the day prior. The CME Lean Hog Index...
Live cattle futures posted $1.42 to $3.47 gains across the board at Thursday’s close. USDA picked up cash trade at $232-233 on Thursday. The Thursday Fed Cattle Exchange online auction showed no sales...
WALSH PURE SPREADER - Pure Hedge Division
Traders have shored up the basis, and put $10.50 back on to October. A 50% retracement of October will place it at $230.00, which happens to be the gap area from 7/13 to 7/14.
In today's interview on Markets Now, I discussed how Black Sea export disruptions, Midwest weather forecasts, macroeconomic uncertainty around the Federal Reserve, and resilient cattle fundamentals are...
Live cattle futures are posting $1.90 to $2.15 gains across most contracts. There are a few bids at $235 being reported in the north on Thursday. The Thursday Fed Cattle Exchange online auction showed...
Lean hog futures are posting $1.87 to $2.87 losses across most contracts at midday. USDA’s national base hog price was reported at $100.52 on Thursday morning, down $1.13 from the day prior. The CME...
October lean hog futures present a selling opportunity on more price weakness.
Live cattle futures closed the Wednesday session, with contracts continuing to bounce from Monday’s weakness, up 42 cents to $2.07 higher. Open interest was down 2,472 contracts on Wednesday, implying...