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Livestock News and Commentary

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Tue, May 24th, 2022
Cattle Bounce on Monday

The nearby summer cattle contracts were up triple digits as the back months gained 47 to 95 cents. The Board has sold off in the two weeks ahead of the Cattle on Feed report, and “bought the fact”...

LEM22 : 132.775s (+0.91%)
LEQ22 : 132.975s (+1.08%)
LEV22 : 138.375s (+0.69%)
GFK22 : 153.450s (+0.03%)
GFQ22 : 165.625s (+1.04%)
Triple Digit Strength for hog Market

Lean hog futures ended the day $1.15 to $2.05 in the black. Monday morning’s National Average Base Hog price for Monday afternoon was $106.25 after a $6.72 drop. CME’s Lean Hog Index for 5/19 is up...

HEM22 : 110.375s (+1.38%)
HEQ22 : 110.225s (+1.90%)
KMM22 : 115.900s (+1.36%)
Top Farmer Closing Commentary 05-23-2022

TFM Cash+ Take the Stress Out of Your Marketing Strategy. No hedge account. No margin calls. Just comprehensive, common-sense guidance at a great value. Learn more: https://www.totalfarmmarketing.com/tfm-cash-plus/...

Cold Storage

Cold Storage - 2022-05-23

FCQ22 : 165.625s (+1.04%)
GFQ22 : 165.625s (+1.04%)
LCQ22 : 132.975s (+1.08%)
LEQ22 : 132.975s (+1.08%)
LHN22 : 110.850s (+1.70%)
HEN22 : 110.850s (+1.70%)
YKU22 : 19,155s (+0.60%)
BDN22 : 283.225s (+0.43%)
OJN22 : 176.60s (+2.41%)
Cattle Gaining at Midday

Monday’s cattle market shows a 75 cent gain for June at midday, fading to a 12 cent gain by Oct. the deferred Dec contract is UNCH for midday, but still an $11 premium to the front month June. Traders...

LEM22 : 132.775s (+0.91%)
LEQ22 : 132.975s (+1.08%)
LEV22 : 138.375s (+0.69%)
GFK22 : 153.450s (+0.03%)
GFQ22 : 165.625s (+1.04%)
Hogs Continue Triple Digits Higher

So far for the Monday trade, lean hog futures are continuing their recovery with another triple digit bounce. Prices are up $0.37 to $1.40 with the nearbys leading the way. Monday morning’s National...

HEM22 : 110.375s (+1.38%)
HEQ22 : 110.225s (+1.90%)
KMM22 : 115.900s (+1.36%)
Top Farmer Midday Update 05-23-2022

TFM Cash+ Take the Stress Out of Your Marketing Strategy. No hedge account. No margin calls. Just comprehensive, common-sense guidance at a great value. Learn more: https://www.totalfarmmarketing.com/tfm-cash-plus/...

Strong Cash Basis Maintained Last Week

Fat cattle prices ended the day with a 7 cent gain in June to 42 to 57 cent losses in the other nearbys. The spot futures price to Feb ’23 stayed near a $19 deferred premium at the close. Feeder cattle...

LEM22 : 132.775s (+0.91%)
LEQ22 : 132.975s (+1.08%)
LEV22 : 138.375s (+0.69%)
GFK22 : 153.450s (+0.03%)
GFQ22 : 165.625s (+1.04%)
New Week for Hog Market

Following the mid/late April to mid May weakness, lean hogs have bounced back more than $10 with another $1.10 to $3.57 of that on Friday’s trade. The National Average Base Hog price for Friday was $110.15...

HEM22 : 110.375s (+1.38%)
HEQ22 : 110.225s (+1.90%)
KMM22 : 115.900s (+1.36%)
Morning Comments; Monday, May 23rd, 2022

Light Buying Surfaces

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Exxon Mobil Corp (XOM)

The Chart of the Day belongs to the major oil company Exxon Mobil (XOM). I found the stock by using Barchart's powerful screening function to find the stocks with the highest Weighted Alpha and technical buy signals then sorted that list by the most frequent number of new highs in...
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