- Are Hog Prices Going Higher ?
Looks like a bottom
- Livestock Report
Live Cattle makes a new High
- The likely outcome for cattle in the next few days
Watch this video for insight on what is brewing in the cattle market.
- Wall of Cattle Meet Olive sell?
Live Cattle at sell Extreme and nobody wants to sell due to storm.
- S&P 500 Bounces Off 2,600, Downward Reversal?
Stocks were little changed on Friday, as investors hesitated following the recent rally. The broad stock market has retraced its recent decline following...
- Cattle rally could be on its last days
Cattle are continuing to show signs of weakness.
Futures Market News and Commentary
Live cattle futures settled Tuesday with the front months 75 cents to $1.525 higher and deferred contracts lower. Feeder cattle futures were mostly higher on Tuesday, with nearby Jan a dime lower. The CME feeder cattle index was down 21 cents on January 14 at $144.44. Wholesale boxed beef prices were higher on Tuesday afternoon. Choice boxes were 19 cents higher at $212.21, with Select up 41 cents at $205.87. USDA estimated this week’s FI cattle slaughter at 239,000 head through Tuesday. That is 2,000 head above last week and 6,000 head larger than the same week last year. Wednesday’s FCE online auction has 542 head listed for sale at the moment.Feb 19 Cattle closed at $126.950, up $1.525,Apr 19 Cattle closed at $127.425, up $0.750,Jun 19 Cattle closed at $117.050, down $0.125,Jan 19 Feeder Cattle closed at $144.750, down $0.100Mar 19 Feeder Cattle closed at $144.750, up $0.350Apr 19 Feeder Cattle closed at $145.500, up $0.350--provided by Brugler Marketing & Management
Lean Hog futures were mixed on Tuesday, with nearby contracts 12.5 to 30 cents higher and back months slightly lower. The CME Lean Hog Index was up 52 cents from the previous day @ $57.21 on January 11. The USDA pork carcass cutout value was down 86 cents on Tuesday afternoon at an average weighted price of $70.33. The belly was the only primal lower on the day, down $12.59. The national base cash hog carcass value was 29 cents lower in the PM report, with a weighted average of $51.46. FI hog slaughter WTD was estimated at 943,000 head through Tuesday, which is down 11,000 head from last week but 105,000 larger than the same week last year. China’s Ag Ministry reported on Tuesday that the country has culled 916,000 head of hogs due to the African Swine Fever (ASF), which is just a fraction of their more than 400 million hog herd. There are very few provinces remaining where the disease has not been confirmed.Feb 19 Hogs closed at $62.150, up $0.300,Apr 19 Hogs closed at $66.950, up $0.125May 19 Hogs closed at $71.975, down $0.200--provided by Brugler Marketing & Management