Cattle markets break down to end week on a sour note
Lean hog futures were up another 20 to 75 cents on Friday, as the bounce this week saw April rally $2.40. USDA’s national base hog price was reported at $88.96 on Friday afternoon, down $2.08 from the...
Live cattle futures were down 90 cent to $1.50 across the front months on Friday, as April was still $1.37 higher this week. Cash trade was limited this week, with some $245-247 in the North and some southern...
In my opinion, a plethora of news, rumors, and potential changes in processing, sent a lot futures traders to the sidelines.
Lean hog futures are up another 40 to 75 cents so far on Friday. USDA’s national base hog price was reported at $88.96 on Friday morning. The CME Lean Hog Index was 40 cents higher on Feb 18 at $87.59....
Live cattle futures are trading with 80 cents to $1.60 losses ahead of the USDA Cattle on Feed report this afternoon. Cash trade has been quiet so far this week, with a few bids of $245 across the country...
April lean hog futures present a selling opportunity on more price weakness.
Lean hog futures extended the bounce back on Thursday, with gains of 55 to 90 cents. Open interest was down 14,236 contracts on Thursday, mainly in the February as it settled on the 18th . USDA’s national...