Cattle prices remain in an uptrend, seem like they're set up for another push higher.
Grain markets got hit hard on Monday but were able to stabilize on Tuesday. Headlines and technicals continue to be key drivers in price action. These are the levels we are watching closely this week....
Cattle feeders took it upon themselves to bid feeder cattle higher in the face of mounting input costs the past two days. Feed, fuel, and money remain elevated in comparison to just 3 weeks ago.
Live cattle futures are up $1.35 to $1.55. Cash trade settled in at $234-236 live last week, with some $372 dressed. Feeder cattle futures are rallying $3.55 to 4.70 at midday. The CME Feeder Cattle Index...
Lean hog futures are down a dime to 25 cents in the front months on Tuesday. USDA’s national base hog price was reported at $92.04 on Tuesday morning, up $6 from the day prior. The CME Lean Hog Index...
Cattle futures were able to firm in yesterday’s trade, but remain in limbo with a softer technical and seasonal landscape. Can futures keep rallying despite this?
Live cattle futures saw Monday gains of $2.35 to $2.95 at the close. Open interest was up 872 contracts. Cash trade settled in at $234-236 live last week, with some $372 dressed. Feeder cattle futures...
Lean hog futures closed with mixed trade on Monday, as contracts were withing 20 cents of unchanged. Open interest was down 2,301 contracts, with April dropping 4,549 contracts. USDA’s national base...
Live cattle futures saw Monday gains of $2.35 to $2.95 at the close. Cash trade settled in at $234-236 live last week, with some $372 dressed. Feeder cattle futures rallied $5.95 to $6.75 far on Monday....
Lean hog futures closed with mixed trade on Monday, as contracts were withing 20 cents of unchanged. USDA’s national base hog price was reported at $90.73 on Monday afternoon, down $1.09 from the day...