- Daily Technical Spotlight - February Gold
Bulls have overall near-term chart advantage as price uptrend in place. Bearish weekly low close today would suggest more price pressure next week, however....
- Did You Ever See A Dow Jones?
Today, the Dow is off to the best start since 1987. Ugh!
- LC slips, Grains come back but?
CT, C W KW W S FC LC Hogs US$, , Stock selling, say buckle up.
- Two And Only Two Trades. Part XI
A twist on the trade is to...
- Perhaps a Massive Change of Ownership in Lean Hogs
The net change in OI in the Feb was down 56. So a massive change in ownership likely occurred yesterday with funds and small spec selling while commercial...
- Traders Wait on Sidelines Until More Data Released
Traders Wait on Sidelines Until More Data Released
Futures Market News and Commentary
Live cattle futures closed with 35 to 65 cent gains in most contracts, with nearby Feb down 57.5 cents. Feb was up 1.24% this week. Feeder cattle futures were steady to 30 cents higher, as March was a dime lower. Jan was down $3.20 on the week. The CME feeder cattle index was down $1.04 on January 17 at $142.05. Wholesale boxed beef prices were higher on Friday afternoon, with the Ch/Se spread tightening to $3.70. Choice boxes were up 65 cents at $212.15, with Select $1.95 81 at $209.45. USDA estimated week to date FI cattle slaughter at 620,000 head through Saturday. That is 6,000 head below last week and 7,000 head larger than the same week last year. Cash trade was mostly seen around $124 on Friday afternoon.Feb 19 Cattle closed at $126.525, down $0.575,Apr 19 Cattle closed at $127.375, up $0.475,Jun 19 Cattle closed at $117.450, up $0.625,Jan 19 Feeder Cattle closed at $141.450, up $0.025Mar 19 Feeder Cattle closed at $142.825, down $0.100Apr 19 Feeder Cattle closed at $144.400, up $0.175--provided by Brugler Marketing & Management
Lean Hog futures posted 37.5 cent to $1.65 gains in most contracts on Friday. Feb was down 2.27% this week. The CME Lean Hog Index was up 16 cents from the previous day @ $58.18 on January 16. The USDA pork carcass cutout value was down 13 cents on Friday afternoon at an average weighted price of $69.97. The national base cash hog carcass value was 41 cents higher in the PM report, with a weighted average of $51.81. FI hog slaughter WTD was estimated at 2.508 million head through Saturday, which is 48,000 below last week.Feb 19 Hogs closed at $61.225, up $0.375,Apr 19 Hogs closed at $66.275, up $1.650May 19 Hogs closed at $72.025, up $1.400--provided by Brugler Marketing & Management