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.
Live cattle futures are trading with 80 cent to $1.80 losses at midday. Cash trade kicked off on Thursday at $247-248 across the country, a $7-8 drop from last week. The Friday Fed Cattle Exchange online...
Lean hog futures are mixed at midday with contracts up 52 cents higher to 65 cents lower. USDA’s national base hog price was down 11 cents in the Friday AM report at $96.84. The CME Lean Hog Index was...
WASDE - 2026-07-10
Lean hog futures were mixed at the final bell on Thursday, with contracts down $1.50 in August to as much as 30 cents higher in the deferreds. Open interest was down 3,927 contracts. USDA’s national...
Live cattle futures were falling on Thursday, with contracts down $1.80 to $2.47 at the close. Open interest was down 4,992 contracts, mainly in the front month. Cash trade kicked off on Thursday at $247-248...
Lean hog futures were mixed at the final bell on Thursday, with contracts down $1.50 in August to as much as 30 cents higher in the deferreds. USDA’s national base hog price was reported at $97.05 on...
Live cattle futures were falling on Thursday, with contracts down $1.80 to $2.47 at the close. Cash trade kicked off on Thursday at $247-248 across the country, a $7-8 drop from last week. The Thursday...
Price erosion continues, with basis remaining wide.
