Grain markets were able to rally in today’s trade as market participants jockey for position ahead of Friday’s USDA report.
Livestock futures were sharply higher in today's trade. We discussed how fund positioning may impact price as well as an upcoming seasonal.
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Hog futures are extending their bounce from Friday with another triple digit rally through Monday’s midday. The front months are up by $1.85 to $2.42 so far. The National Average Base Hog price for Monday...
Front month live cattle futures are up by triple digits so far. April gapped higher out of the weekend by 30 cents. Last week’s cash cattle trade was heaviest on Wednesday from $162 to $166, with the...
The hog market bounced into the weekend with gains of 1.8% to 2.8%. For the week, April had a $2.70 loss. The National Average Base Hog price was 13 cents lower on Friday afternoon to $76.58. The 8/22...
Live cattle futures bounced into the weekend, though feeder futures stayed under pressure from the grain rally. At the close the front month fats were 40 to 85 cents higher, with left April at a 67 cent...
In addition, Commitment of Traders data shows that funds are extended long and are at or very near the max 100 score. Feeder Cattle is amongst the most Expensive and Overbought market in the ag complex....
Fed raises rates, Putin-Xi meeting, Uncertainty in Black Sea
The hog market bounced into the weekend with gains of 1.8% to 2.8%. For the week, April was still at a $2.70 loss. The National Average Base Hog price was 13 cents lower on Friday afternoon to $76.58....
