Last Thursday's low, to last Friday's high, remains the trading range for fats. I don't expect prices to come out of that range this week.
Lean hog futures are dropping another 22 to 85 cents in the front months on Tuesday. USDA’s national base hog price was reported at $97.17 on Tuesday morning, up $1.16 from the day prior. The CME Lean...
Live cattle futures are shrugging off early weakness, with midday gains of 50 cents to $1.27. Monday was First notice day, with no deliveries and the oldest long dated August 11, 2025. Cash trade was mainly...
Lean hog futures were down 25 cents to $1.42 on the Monday session. Open interest was down 4,326 contracts. USDA’s national base hog price was reported at $96.11 on Monday afternoon, up $2.26 from the...
Live cattle futures were down $2.65 to $4.925 at the Monday close. Open interest was down 8,178 contracts. Monday was First notice day, with no deliveries and the oldest long dated August 11, 2025. Cash...
Lean hog futures were down 25 cents to $1.42 on the Monday session. USDA’s national base hog price was reported at $96.11 on Monday afternoon, up $2.26 from the day prior. The CME Lean Hog Index was...
Live cattle futures were down $2.65 to $4.925 at the Monday close. Cash trade was mainly $256-258 last week, with the early week action thus far compiling showlists. Feeder cattle futures were down $2.37...
Over fed cattle? Something is impacting the August and October fats. Today's lower trading is believed a direct result from the congestion at the center of the plate.
Buyers stayed cautious as corn neared key support and soybeans extended losses. Plus: wheat's quiet strength, a wild cattle reversal, and fresh lows in hogs.