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I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. I like the weekly chart pattern for lean hogs presented below. We are working on...
Lean hog futures reversed higher from the Monday weakness, with Tuesday gains of 75 cents to $1 higher. USDA’s national base hog price was down $3.12 in the Tuesday afternoon report at $69.56. The CME...
Live cattle futures were 15 to 35 cents higher at the Tuesday settlement. Cash trade has yet to get kicked off this week, as last week was mostly $230. Feeder cattle futures were up $2.50 to $3.40 to close...
Will the uptrend continue or will holiday trade sink the market?
Exposing the procurement of inventory to place on feed, in a projected negative margin, is not believed a foretelling event for a higher or lower price.
Live cattle futures are trading steady to 25 cents lower so far on Tuesday. Cash trade was stronger last week, as most of the country was $230. Feeder cattle futures are up $2 to $3.10 so far on Tuesday....
Lean hog futures are trading with 75 to 90 cent gains in the nearbys on Tuesday. USDA’s national base hog price was down $3.09 in the Tuesday morning report at $69.91. The CME Lean Hog Index was up 19...
March feeder cattle futures present a buying opportunity on more price strength.
Live cattle futures saw gains at the Monday close, with contracts up 62 cents to $1.02. Open interest was up just 846 contracts on Monday. Cash trade was stronger last week, as most of the country was...
Lean hog futures close the Monday session with losses of 40 to 67 cents, as contracts pulled off their early lows. Open intertest suggested long liquidation, dropping 2,618 contracts. USDA’s national...
