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Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Lean hog futures were mixed to close the week, with contracts down 75 cents to 67 cents higher across the board. June was $2.65 lower this week. USDA’s national base hog price was reported at $93.77...
Live cattle futures slipped back lower on Friday, falling 82 cents to $1.67, as June was down $4.10 this week. Cash trade has mostly been $256-260 so far this week, with southern action $256-258 and northern...
Cattlemen continue to bid whatever price necessary to bring inventory home. That appears the simplest part of the equation.
Live cattle futures are showing 97 cents to $1.85 losses across most contracts on Fruday. Cash trade has mostly been $256-260 so far this week, with southern action $256-258 and northern trade at $258-260....
Lean hog futures are mixed, with contracts up 40 to 60 cents at midday. USDA’s national base hog price was not reported on Thursday morning due to thin trade, with the 5-day rolling average at $95.11....
Live cattle futures closed the Thursday session with contracts down $2.80 to $3.92 despite a failed midday rally off the lows. Open interest was down 3,036 contracts in Thursday showing longs liquidating....
Lean hog futures posted mixed action on Thursday, with front months down 20 to 32 cents and the rest of the board up a nickel to 80 cents. Open interest was down 2,667 contracts on Thursday. The CME Lean...
Lean hog futures posted mixed action on Thursday, with front months down 20 to 32 cents and the rest of the board up a nickel to 80 cents. The CME Lean Hog Index was back up 9 cents on May 5 at $91.19....
