Live cattle futures saw weaker midday action though futures pulled off the lows to close up 12 cents to $1.12, as June was up $1.82 this week. Cash trade crept up to $258 this week following the $256-257...
Lean hog futures posted Friday losses of 30 cents to $2.80, led by July, as June was down $1.55 this week. USDA’s national base hog price was reported at $93.85 on Friday PM, down $1.81 from the day...
I have no idea what the next most probable move will be in price for fats or feeders in the futures market.
It was a rough week for row crops and a strong one for cattle. Corn plunged to fresh contract lows with little to slow the slide, soybeans broke key support and opened the door to deeper losses, and wheat...
Wars aren’t good for ag markets, and screw worms are living up to their name.
Live cattle futures are mixed at midday, with contracts down 60 cents to 67 cents higher. Limits are expanded to $12.75 for today following the limit gains in feeders for Thursday. Cash trade has crept...
Lean hog futures are falling 97 cents to $2.62 at midday. USDA’s national base hog price was reported at $94.18 on Friday AM, down $1.46 from the day prior. The CME Lean Hog Index was up 26 cents on...
August lean hog futures present a buying opportunity on more price strength.
My bias is that cattle futures trading will remain choppy and more volatile in the near term. However, I believe the NWS situation favors the cattle market bears over the intermediate to longer term.