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The industry appears to be going through some painful restructuring of production and processing capacity at the top end of the known price range.
Live cattle futures are kicking off Monday with losses of $2.47 to $3.12. Cash trade from last week started at $250-252 across the country and worked up to $256-257. Feeder cattle futures are falling $6.07...
Lean hog futures are trading with contracts 97 cents to $1.50 lower at midday. USDA’s national base hog price was not reported on Monday morning due to light volume. The CME Lean Hog Index was back down...
If gasoline prices tick closer to $5.00, consumer confidence will be dented and that could translate into reduced demand for higher-priced beef cuts at the meat counter.
Live cattle futures closed the Friday session with contracts down 40 cents to $1.02, as June was still up $7.77 on the week. Open interest on Friday suggested modest new selling interest, up 3,870 contracts....
Lean hog futures posted losses of 62 cents to $1.67 at the Friday close, with June slipping 62 cents on the week. USDA’s national base hog price was reported at $92.64 on Friday morning, down 61 cents...
Historic dissents in Fed interest rate pause
Lean hog futures posted losses of 62 cents to $1.67 at the Friday close, with June slipping 62 cents on the week. USDA’s national base hog price was reported at $92.64 on Friday morning, down 61 cents...
Live cattle futures closed the Friday session with contracts down 40 cents to $1.02, as June was $7.77 on the week. Cash trade got kicked off early again this week, starting at $250-252 across the country...