The decline in the feeder cattle index has been minimal. It is down 11.5% from its September high. Yes, it does seem like it is more than that due to the extent of the decline in futures. However,...
The cattle market continues to experience a period of constrained supplies, a trend expected to persist in the coming year. The fundamentals of the challenges caused by a drought and elevated input prices...
Agricultural Prices - 2023-11-30
Lean hog futures are working with $0.50 to $1.37 gains so far, though Dec is UNCH. The AM National Average Base Hog price was $1.68 stronger to $59.76. The CME Lean Hog Index for 11/27 was $71.66, down...
Live cattle futures are working triple digits in the red for the Thursday session. The Feb contract is now back to net red for the week. Front month feeder cattle futures are trading $2.40 to $2.72 in...
Cattle closed the midweek session with another $0.25 to $1.05 gains across the front months. USDA reported some light $175 cash trade in NE on Wednesday, down $1 from last week and matching the sparse...
Front month hog prices added another $1.07 to $1.60 to the upside on Wednesday. Dec futures still remain below the Index, but only increased 5 cents on the day. The CME Lean Hog Index for 11/27 was $71.66,...
Front month hog prices added another $1.07 to $1.60 to the upside on Wednesday. Dec futures still remain below the index, but only increased 5 cents on the day. The CME Lean Hog Index for 11/27 was $71.66,...
Cattle closed the midweek session with another $0.25 to $1.05 gains across the front months. CME data showed net short covering, with net new calls active from the strong Tuesday session. USDA reported...
The blaming of others, and excuses for not managing risk, continues to be rampant. Regardless of which fallacy you subscribe to, and there are a lot, this is a market and markets can be irrational, and...
