Lean hogs are taking a different path as prices rebound and keep an uptrend alive on the daily bar chart.
October live cattle futures present a selling opportunity on more price weakness.
Live cattle futures posted losses of $1.05 to 1.30 on Friday, with nearby August down a nickel. August was still down $4.02 last week. Open interest was down 3,470 contracts, suggesting longs were exiting....
Lean hog futures continued the mixed trend last week with contracts up 85 to 67 cents lower. August was up 25 cents on the week. Open interest was down 9,936 contracts on Friday. USDA’s national base...
Lean hog futures continued the mixed trend this week with contracts up 85 to 67 cents lower. August was up 25 cents on the week. USDA’s national base hog price was up $1.25 in the Friday PM report at...
Live cattle futures posted losses of $1.05 to 1.30 on Friday, with nearby August down a nickel. August was still down $4.02 this week. Cash trade picked up this week at $247-248 across the country, a $7-8...
Grain markets started the week hot, took a plunge, but ended the week on a high note following today's monthly WASDE report. Are new highs in the cards?
In my opinion, current optimism met headlong with future pessimism this week as cash remains stout, even though lower, and futures down sharply.