Livestock Slaughter - 2024-09-19
It was a risk-on day for the outside markets, but grain markets struggled to find their footing. Will the market be able to carve out a harvest low?
Live cattle futures are up $1.40 to $1.50 across the front months. Cash trade has yet to kick off this week. This morning’s Central Stockyards online Fed Cattle Exchange auction showed no sales on the...
Lean hog futures are posting slight 7 to 35 cent gains on Thursday. The national average base hog price was reported at $76.31 on Thursday morning, up $1.43 from the afternoon prior. The CME Lean Hog Index...
Cattle futures are knocking on the door of a technical resistance. Will the risk-on tone in the outside markets be enough to push cattle markets higher?
Live cattle futures posted steady to 20 cent higher trade across all but the nearby October contract, which was down 50 cents. Cash trade has yet to kick off this week. This morning’s Central Stockyards...
Lean hog futures closed the Wednesday session with most contracts up a dime to 40 cents higher. The national average base hog price was reported at $74.88 on Wednesday afternoon, down $2.45 from the week...
I find it more than interesting the Fed cut rates by a half. I say that due to my initial analysis of economic government reports not reflecting the inflation impact on most consumers.
