Live Cattle Aug '24 (LEQ24)
Live Cattle Futures Market News and Commentary
Live cattle futures faced Friday pressure, but bounced off the lows to close with contracts 85 cents to $2.60 lower. August was $8.07 lower on the week. There were no new deliveries issued against August futures on Friday. Cash trade rounded out the week with $225-228 sales in the North and some $228 Southern sales. Feeder cattle futures saw losses of $2 to $4.05 across the board on Friday, with August falling $10.82 on the day. The CME Feeder Cattle Index was back down $3.43 on August 13 to $348.50.
Late on Thursday, Tyson announced it will shut its Joslin, IL plant (3,000 hd/day) and sell it’s Pasco, WA plant (2,000 hd/day). They also announced the Amarillo, TX plant will ramp up production after cutting back kill last fall.
Commitment of Traders data showed managed money trimming another 1,405 contracts from their net long in live cattle futures and options to 64,662 contracts as of Tuesday. In feeder cattle futures and options specs added just 133 contracts to the... Read more
Barchart · Fri Aug 14, 4:53PM CDT
Live cattle futures faced Friday pressure, but bounced off the lows to close with contracts 85 cents to $2.60 lower. August was $8.07 lower on the week....
Barchart · Fri Aug 14, 4:53PM CDT
Lean hog futures slipped lower on Friday, with contracts down 7 to 62 cents, as October was down just 47 cents on the week. USDA’s national base hog...
Swift Trading Company · Fri Aug 14, 2:26PM CDT
In my opinion, traders started digging the Tiger trap early this week, believed in expectation of Friday's news.
Barchart · Fri Aug 14, 12:15PM CDT
Live cattle futures are falling lower on Friday pressured by weaker cash and the Tyson closure, as contracts are down $3.12 to $5. Cash trade has been...
Barchart · Fri Aug 14, 12:15PM CDT
Lean hog futures are trading with 5 to 90 cent losses across most contracts at midday. USDA’s national base hog price was reported at $93.03 on Friday...
Barchart · Fri Aug 14, 8:07AM CDT
The market fundamentals for beef are getting tighter. Here’s what sparked the latest Tyson plant closures.
Barchart · Fri Aug 14, 6:00PM CDT
Intuit is one of three cheap, dividend-paying tech stocks flying under the radar, with Wall Street price targets suggesting up to 151% upside for the software...
Barchart · Fri Aug 14, 4:53PM CDT
Live cattle futures faced Friday pressure, but bounced off the lows to close with contracts 85 cents to $2.60 lower. August was $8.07 lower on the week....
Barchart · Fri Aug 14, 4:53PM CDT
Lean hog futures slipped lower on Friday, with contracts down 7 to 62 cents, as October was down just 47 cents on the week. USDA’s national base hog...
Barchart · Fri Aug 14, 4:53PM CDT
Corn futures rounded out the week in rally mode, as contracts were up 5 to 11 ¼ cents across the board on Friday September rallied 20 cents on the week...
Barchart · Fri Aug 14, 4:53PM CDT
The wheat complex led the grain rally on Friday, following more Black Sea news. Chicago SRW contracts were up 11 3/4 to 22 cents on Friday, with a weekly...
Barchart · Fri Aug 14, 4:53PM CDT
Soybeans posted gains of 5 ½ to 11 ¾ cents across most contracts on Friday, with September up 18 ¾ cents on the week. November was up 16 ¼ cents. The...
Barchart · Fri Aug 14, 4:53PM CDT
Cotton futures were back to rally mode on Friday, with front month up 116 to 130 points at the close. December was 40 points higher on the week. Crude...
Barchart · Fri Aug 14, 3:25PM CDT
The S&P 500 Index ($SPX ) (SPY ) on Friday fell by -0.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) fell by -0.20%, and the Nasdaq 100 Index ($IUXX...