The close below $239.10 April sets the stage for some definitive points of interest.
Live cattle futures are down $3 to 4 cents at midday, with Feb steady. Cash trade has been quiet so far this week, with a few bids picked up at $243-244 in the North, and $245 in the South. The Wednesday...
Lean Hog Futures are slipping back 2 to 35 cents at midday. USDA’s national base hog price was reported at $90.97 on Thursday morning, down 88 cents from the day prior. The CME Lean Hog Index was 36...
Lean Hog Futures closed with 15 to 40 cent gains in the front months on Wednesday. Net new buying interest was noted, as OI rose 3,285 contracts. USDA’s national base hog price was reported at $91.21...
Live cattle futures saw Wednesday trade close with gains of 97 cents to $1.17 in the front months. Open interest suggested net new buying, up 1,746 contracts. Cash trade has been quiet so far this week....
Lean Hog Futures closed with 15 to 40 cent gains in the front months on Wednesday. USDA’s national base hog price was reported at $91.21 on Wednesday afternoon. The CME Lean Hog Index was 18 cents higher...
Live cattle futures saw Wednesday trade close with gains of 97 cents to $1.17 in the front months. Cash trade has been quiet so far this week. The Wednesday morning Fed Cattle Exchange online auction showed...
The feeder cattle market is bullish because there are more producers bidding higher to attract inventory to their production facility.
Live cattle futures are up $1.75 to $2.75 so far on Wednesday. Cash trade has been quiet so far this week. The Wednesday morning Fed Cattle Exchange online auction showed no sales on the 1,456 head offered...