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Severe Weather Threatens U.S. Planting Intentions
- Weekend Ag Update (Grains & Livestock)
What to look for in this weeks grain and livestock markets.
- April Lean Hog Charts Showing Planetary Angle Lines & Time Cycles
Below is a daily April lean hogs chart showing planetary angle lines. I used a price per degree of .084. Uranus is support at 63.15. The bottom Neptune...
Futures Market News and Commentary
Live cattle futures settled steady to 65 cents higher in most contracts, with nearby April down 77.5 cents. Feeder cattle futures were mixed, with the Spring contracts lower (excluding March) and deferred contracts higher. The CME feeder cattle index was down 15 cents on March 15 at $137.50. Wholesale boxed beef prices were higher in the Monday afternoon report, with the Ch/Se spread at $10.12/cwt. Choice boxes were up $1.34 at $228.33, as Select was 87 cents higher @ $218.21. USDA estimated Monday’s FI cattle slaughter at 115,000 head. That was down 4,000 head from the previous week, with travel across the upper Midwest still an issue. Cash cattle traded $127 across most regions last week, with carcass based also $1 lower at $203-205.Apr 19 Cattle closed at $128.325, down $0.775,Jun 19 Cattle closed at $122.575, up $0.650,Aug 19 Cattle closed at $118.100, up $0.375,Mar 19 Feeder Cattle closed at $141.650, up $0.325Apr 19 Feeder Cattle closed at $146.300, down $0.625May 19 Feeder Cattle closed at $148.325, down $0.125--provided by Brugler Marketing & Management
Lean Hog futures posted triple digit gains in most contracts on Monday, with front month April up $2.225. The CME Lean Hog Index was up $1.27 from the previous day @ $55.40 on March 14. The USDA pork carcass cutout value was up $3.50 on Monday afternoon at an average weighted price of $72.39. All primals saw sharp gains. The national base hog carcass value was up $1.81 in the PM report at an average weighted price of $55.73. USDA estimated Monday’s FI hog slaughter was 463,000 head, down 12,000 from the previous week but even with last year. The US intercepted an estimated 1 million pounds of Chinese pork being illegally smuggled into the US. No word yet on whether it was contaminated with the highly contagious ASF virus.Apr 19 Hogs closed at $71.025, up $2.225,May 19 Hogs closed at $79.675, up $1.775Jun 19 Hogs closed at $87.800, up $1.275--provided by Brugler Marketing & Management