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Lean hog futures are bumping up against significant resistance. Can the market chew through and close above resistance?
Live cattle futures were up $1.45 to $1.60 in most front months on Wednesday, with in delivery December down a tick. Open interest was up1,293 contracts. There were 15 deliveries retendered at 1 cent and...
Lean hog futures were down a nickel in the soon to expire December contracts, with other contracts up 55 to 85 cents. USDA’s national base hog price was reported at $70.05 on Wednesday afternoon, down...
Lean hog futures were down a nickel in the soon to expire December contracts, with other contracts up 55 to 85 cents. USDA’s national base hog price was reported at $70.05 on Wednesday afternoon, down...
Live cattle futures were up $1.45 to $1.60 in most front months on Wednesday, with in delivery December down a tick. There were 15 deliveries retendered at 1 cent and 15 at 2 cents on Wednesday. Cash trade...
Cattle feeders appear to have gone backwards today.
Live cattle futures are down $1.02 in nearby December, with other contracts slightly higher. The Fed Cattle Exchange online auction showed no sales on the 1,280 head offered, with bids of $222-225.50 live...
Lean hog futures are showing steady trade in soon to expire December, with other contracts up 5o cents to $1. USDA’s national base hog price was not reported due to packer submission issues. The CME...
I anticipate feeder cattle to sell off sharply and maybe even produce a counter seasonal trade for which prices tend to rise from the first of December to the middle of February.