It started as a shift, and is now believed an avalanche. Consumer demand is drying up. Packers are going to continue to keep slaughter rates at levels beneficial to them. This leaves the cattle feeder,...
Cattle ended Tuesday’s session with triple digit losses led by the feeders. Front month feeder cattle futures were down by over $5 for 2% losses on the day. That left the October contract $14 off the...
Tuesday’s lean hog trade ended with $0.42 to $1.35 losses across the front month contracts. October was the outlier with a 12 cent gain for the day. USDA’s National Average Base Hog price was $3.18...
Front month lean hog futures are down by triple digits. October is the outlier with a 22 cent gain at midday. USDA’s National Average Base Hog price was another $1.74 weaker to $70.63 on Tuesday morning....
Front month feeders are down by as much as 2% on $5 losses through midday. The live cattle market is down by 1.2% as well on $2.60 losses. USDA had $183-$184 as the bulk of cash business last week. The...
Corn and soybean futures are lower in the overnight trade following the release of updated yield and production estimates from StoneX.
Nearby hog futures were $0.35 to $2.27 weaker on Monday, follow through losses after Friday’s limit drop. For Dec, that was just $2 above the May low. The back month contracts were firmer with a 22 cent...
Live cattle ended Monday off their highs, but still 22 to 77 cents in the black. Feeder cattle ended the first trade day of the month with 80 to $1.30 gains. USDA had $183-$184 as the bulk of cash business...
Hog futures were $0.35 to $2.27 weaker in follow through losses after Friday’s limit drop. The back month contracts were firmer with a 22 cent gain for Feb ’24. USDA’s National Average Base Hog price...
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Front month fat cattle ended the session off their highs, but still 22 to 77 cents in the black. Feeder cattle ended the first trade day of the month with 80 to $1.30 gains. USDA had $183-$184 as the bulk...
