- Inflation Money Storms into Commodities- A Crossroads,
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- Five A Day Newsletter
Rather than two postings today I did...
- U.S. Dollar Bull and Bear Markets
Do you like to see the market as an area of constant struggle between bulls and bears? Great. So do we! We invite you to read our todays article about...
- Grain Market Update (2.16.18)
Grains are mixed as we get ready for a three day weekend.
- Cattle Surge Higher!
Cattle futures made amove above some key technical levels, confirming our bullish bias.
- MARKET UPDATE - GRAINS, MEATS, SOFTS
BEANS IN THEIR TEENS? We have all heard this term many times in the past. But to apply it to the bean market now is difficult to .......
Brugler reportGet the Newsletter
Live cattle futures settled the day with slight to 82.5 cent gains in most contracts. Feeder cattle futures were mixed, with nearby March 10 cents lower. Feb live cattle were up 2.83% since last week, with March feeders 2.41% higher. The CME feeder cattle index was up 45 cents on February 15 at $148.15. Wholesale boxed beef values were mixed on Friday afternoon. Choice boxes were up 84 cents at $209.88, with Select boxes 2 cents lower at $205.12. Estimated weekly FI cattle slaughter is 596,000 head through Saturday. That is up 5,000 from the previous week and 20,000 head more than the same week last year. Cash trade was shown at $130 across most regions on Friday, with dressed trade at $205 in the north.Feb 18 Cattle closed at $130.100, up $0.825,Apr 18 Cattle closed at $127.650, up $0.400,Jun 18 Cattle closed at $118.675, up $0.075,Mar 18 Feeder Cattle closed at $149.725, down $0.100Apr 18 Feeder Cattle closed at $152.400, up $0.100May 18 Feeder Cattle closed at $152.825, down $0.025
Lean hog futures finished Friday with losses of 35 cents to $1.575. The CME Lean Hog Index on February 14 was $73.49, down 52 cents from the previous day. The USDA pork carcass cutout value was 35 cents higher at $77.34 in the Friday PM report. The ham and picnic were the only primals reported lower. The national base hog weighted average price was down 95 cents at $64.82 this afternoon. The USDA estimated week to date FI hog slaughter at 2,384,000 through Saturday. That is down 5,000 head from the previous week but 28,000 head more than the same time last year. Money managers in lean hog futures and options cut 18,477 contracts off their net long position during the week that ended 2/13. That net position of 20,797 contract was the smallest net long position since May 9, 2017.Apr 18 Hogs closed at $68.150, down $1.575,May 18 Hogs closed at $74.925, down $0.975Jun 18 Hogs closed at $79.725, down $0.475