WASDE Report: Livestock Higher - Grains Lower - Opportunity Exists in Option Markets
There are times when the market will complete a 78.6% retracement to a 78.6% retracement the other way as the Soybeans just did, or it can make a move of one major Gann square to another like it did in...
Lean hog futures finished the last trade day of the week with $0.87 to $1.52 gains. For Feb, that only reduced the week’s loss to $1.12. The National Average Base Hog price for Friday afternoon was 17...
Live cattle limited the week’s draw down with a triple digit gain of as much as 2% on Friday. Feb fats were up by $3.20 for the day, but still down by $3.40 for the week. There have been no Dec cattle...
In my opinion, cattle feeders got busy this week procuring inventory at the best basis spread of the year. Not only that, I have heard of light weight cattle being gobbled up for wheat pastures and the...
Midday hog futures are trading 40 to 62 cents in the black, with the Feb contract ~20 cents off the session high. Feb futures have seen a$1.15 range so far for the last trade day of the week. The National...
Despite a bear friendly report, the cattle futures market is trading with triple digit gains of as much as 1.7%. Feeder cattle are leading the way through midday with gains of over 2% as the Jan contract...
WASDE - 2023-12-08
Corn and soybeans gain ground ahead of this morning’s WASDE report while the wheat rally stalls out. These are the levels to watch for in today’s trade.
