Lean hog futures were weaker on Friday, with contracts down a dime to 57 cents on the day, as February was $1.20 lower this week. USDA’s national base hog price was reported at $68.08 on Friday afternoon,...
Live cattle futures slipped lower on Friday, with contracts down $1 to $1.55. February was down $2.27 this week. Cash trade was picked up at $232-233 across the country this week. The Friday morning Fed...
Comments read this week of a 200,000 head increase in the dairy herd in 2025, the biggest increase in 40 years, caught me by surprise.
Live cattle futures are slipping lower at midday, down $1.50 to $1.70 so far. Cash trade has started to pick up, with $233 reported in the North on Friday, and $232 South bids. The Friday morning Fed Cattle...
Lean hog futures are showing 10 to 60 cent losses so far on Friday. USDA’s national base hog price was reported at $68.56 on Friday morning. The CME Lean Hog Index was down 27 cents on Jan 7 at $80.98....
Cattle and lean hog futures had very constructive trading days on Thursday. Can that translate into a bigger rally to wrap up this week’s trade?
Live cattle futures held onto the Thursday gains, with contracts 75 cents to $1.25 higher. Open interest was down 2,405 contracts on Thursday, mostly in the Feb Cash trade has been quiet so far this week...
Lean hog futures posted Thursday gains of $1.07 to $1.65 at the close. Preliminary open interest was up 3,520 contracts on Thursday, suggesting new buying interest. USDA’s national base hog price was...