Live cattle futures are falling back 22 to 50 cents at midday, with August yup 67 cents. Cash trade rounded out the week with $225-228 sales in the North and some $228 Southern sales. Feeder cattle futures...
Lean hog futures are up 10 to 25 cents so far on Monday. USDA’s national base hog price was reported at $91.68 on Monday morning, down $1.35 from the day prior. The CME Lean Hog Index was down 19 cents...
Elevated retail gasoline prices will continue to hurt consumer confidence, in turn hurting cattle prices.
Live cattle futures faced Friday pressure, but bounced off the lows to close with contracts 85 cents to $2.60 lower. August was $8.07 lower on the week. Open interest was up 1,177 contracts on Friday....
Lean hog futures slipped lower on Friday, with contracts down 7 to 62 cents, as October was down just 47 cents on the week. Open interest was up 2,163 contracts on Friday, suggesting modest new selling....
The usual Monday morning headlines mixed with the annual Midwest Crop Tour garnered most of the attention early Monday morning.
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Tyson to shutdown two plants and sell another
Live cattle futures faced Friday pressure, but bounced off the lows to close with contracts 85 cents to $2.60 lower. August was $8.07 lower on the week. There were no new deliveries issued against August...