- Grain Markets Rebound While Trade Troubles Escalate
Grain Markets Rebound While Trade Troubles Escalate
- June - July 2019 Lean Hogs Spread
This week, we're looking at HEN19 HEM19: long July 2019 and short June 2019 Lean Hogs (CME at Globex).
- First Feeder Cattle Trade In Nine Months
Only once in the past...
- Market rankings for the option trader
Take some profits and sell some silver.
- Redux: Bubble of Historic Proportions
From the first week in January...
- Daily Livestock Technicals and Fundamentals (9.19.18)
Is that the top in cattle?
cmdty Insider - Ag Market Commentary
Live cattle futures closed Wednesday trade with most contracts steady to 20 cents lower. Feeder cattle futures were mixed on the day, with front months 10 to 42.5 cents lower and deferred contracts higher. The CME feeder cattle index on September 18 was down 54 cents at $153.08. Wholesale boxed beef values were lower on Wednesday afternoon. Choice boxes were down $1.04 to $205.25, while Select boxes were $1.23 lower at $194.18. USDA estimated FI cattle slaughter at 353,000 head through Wednesday. That is down 4,000 from last week but 7,000 head above the same week in 2017. This morning’s FCE auction saw no sales on the 528 head offered, with asks around $111-111.50. Analysts are expecting (Reuters survey) that the USDA will show August placements of 2.013 million head on Friday up 4.4% from last year, with marketings during that month up 0.4% at 1.987 million head.OCT 18 Cattle closed at $113.100, down $0.125,DEC 18 Cattle closed at $117.975, unch,FEB 19 Cattle closed at $121.850, unch,SEP 18 Feeder Cattle closed at $155.625, down $0.200OCT 18 Feeder Cattle closed at $158.350, up $0.325NOV 18 Feeder Cattle closed at $158.125, up $0.300
Lean hog futures settled Wednesday mixed with nearby Oct up 82.5. The CME Lean Hog Index was up $1.10 on September 17 to $54.58. The USDA pork carcass cutout value was 82 cents higher at $78.39 in the Wednesday afternoon FOB plant report. The national base hog carcass value was up $3.15 @ $56.21 on Wednesday afternoon. FI hog slaughter through Wednesday was estimated at 1.272 million head. That is down 66,000 head from last week and 87,000 head from the same week last year. So far reports are showing losses of 5,500 head of hogs due to the Hurricane. Others are backing up at the farm and some big kills are going to be needed.OCT 18 Hogs closed at $60.000, up $0.825,DEC 18 Hogs closed at $57.900, down $0.075FEB 19 Hogs closed at $65.950, up $0.150