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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...
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...
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...
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.
Lean hog futures posted 30 to 70 cent losses on Thursday. Open interest dropped 672 contracts. USDA’s national base hog price was reported at $95.66 on Thursday PM, up $1.30 from the day prior. The CME...
Live cattle futures were in rally mode on Thursday with gains of $2.55 to $4.80. Limits are expanded to $12.75 for today following the limit gains in feeders for Thursday. Open interest suggested a rotation...
Pre-dawn Friday found only one sector of the commodity complex wearing green.
