Live cattle futures were up $1.45 to $1.60 in most front months on Wednesday, with in delivery December down a tick. There were 15 deliveries retendered at 1 cent and 15 at 2 cents on Wednesday. Cash trade...
Lean hog futures were down a nickel in the soon to expire December contracts, with other contracts up 55 to 85 cents. USDA’s national base hog price was reported at $70.05 on Wednesday afternoon, down...
Cattle feeders appear to have gone backwards today.
Live cattle futures are down $1.02 in nearby December, with other contracts slightly higher. The Fed Cattle Exchange online auction showed no sales on the 1,280 head offered, with bids of $222-225.50 live...
Lean hog futures are showing steady trade in soon to expire December, with other contracts up 5o cents to $1. USDA’s national base hog price was not reported due to packer submission issues. The CME...
I anticipate feeder cattle to sell off sharply and maybe even produce a counter seasonal trade for which prices tend to rise from the first of December to the middle of February.
Livestock futures are welcoming the speculators to the buy sides. Here’s what to watch now.
Live cattle futures are down 50 cents in nearby December, with other contracts 20 to 30 cents higher. Open interest slipped 1,263 contracts on Tuesday. There were 15 new deliveries on Tuesday for West...
Lean hog futures closed Tuesday with mixed trade, as December was up 20 cents another other contracts down 45 to 55 cents. Open interest was down 2,056 contracts. USDA’s national base hog price was...