- Thanksgiving Friday Look back Meat move, bounce
Hogs and Cattle finished very fast vertical down
- Large Open Interest Remains in Dec Corn Options
Grain markets will be looking for action today based on where prices are near the close due to option expiration. Grain markets close at 12:05 today.
- Paragon Investments' Futures File: Milk, Soybeans & U.S. Dollar
Our weekly column looks at recent news in Milk, Soybeans & U.S. Dollar
- Market rankings for the option trader
Reduce some risk in the Nasdaq today. Roll up ITM calls.
- Grains continue to rally
Grains have made a nice move higher this week as we head into option expiration.
- December Option Expiration Could be a Market Mover
We want to wish everyone a Happy and Safe Thanksgiving! Grain markets are in a buying time mode with the holiday approaching and option expiration...
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Lean hog futures ended the Friday session 30 to 52.5 cents in the green. The CME Lean Hog Index for 11/21 was down 43 cents to $63.98. The USDA pork carcass cutout value was 34 cents higher at $82.32 in the Friday afternoon report. The national base price was up 45 cents at $57.10The weekly USDA AMS hog slaughter report showed an estimated 2,163,000 head through Saturday. That is up 11,000 head from last week but well behind last week, as nearly all plants were dark on Thursday for the holiday. Export sales of 2017 pork came in at 16,329 MT, with 7,505 MT in 2018 sales during the week of Nov 16. Exports of pork were reported at the largest since late April at 24,540 MT.Dec 17 Hogs settled at $63.250, up $0.425,Feb 18 Hogs settled at $69.400, up $0.300Apr 18 Hogs settled at $73.575, up $0.525
Live cattle futures saw losses of 47.5 to 90 cents. Feeder cattle futures were down 57.5 to 65 cents on Friday. The CME feeder cattle index on November 23 was down 78 cents to $155.36. Wholesale boxed beef were mixed on Friday afternoon. Choice was up $1.98 at $210.99, with select down 79 cents at $187.85. The USDA reported estimated FI slaughter at 572,000 head through Saturday, 23,000 head above last year. Beef export sales for 2017 of 9,276 MT were reported for the week during November 16, with 1,147 MT in 2018 sales. Shipments rose 9.89% to 17,408 MT, which is 6.52% lower than this time last year.Dec 17 Cattle settled at $118.575, down $0.475,Feb 18 Cattle settled at $124.575, down $0.900,Apr 18 Cattle settled at $125.250, down $0.700,Jan 18 Feeder Cattle settled at $153.300, up $0.575Mar 18 Feeder Cattle settled at $151.775, up $0.625Apr 18 Feeder Cattle settled at $151.575, up $0.650