- The Time May Be At Hand
After a long wait it may be time to...
- Lean Hogs Stretching Toward the Lower End of The Range
Supply suddenly appears to be the challenge with this weeks kill projected to come in at 2.553 million pigs. IA is reporting trade in the live market...
- Markets Stabilize as Farmers Ramp Up Harvest
Markets Stabilize as Farmers Ramp Up Harvest
- Daily Livestock Technicals & Fundamentals (10.17.18)
Feeders and hogs roll over
- Livestock Report
- Market rankings for the option trader.
Buy cattle today.
cmdty Insider - Ag Market Commentary
Lean hog futures settled Thursday with sharp $2.35-$2.40 losses in the nearby contracts. After the close, it was report US has suspended pork imports from Poland after the country reported an outbreak of African Swine Fever. Poland is typically the second largest origin of US pork imports. The CME Lean Hog Index was down 42 cents from the previous day @ $68.17 on October 16. The USDA pork carcass cutout value was 40 cents lower @ $78.12 in the PM report. The national base hog carcass value was 8 cents higher in the afternoon report, with the weighted average at $59.16. FI hog slaughter is estimated at 1.890million head WTD through Thursday. That is up 28,000 from last week and 66,000 larger than the same week in 2017. Export sales of pork in the week of October 11 were tallied at 20,762 MT, with shipments of 25,691 MT reported by USDA.Dec 18 Hogs closed at $52.300, down $2.400,Feb 19 Hogs closed at $60.225, down $2.350Apr 19 Hogs closed at $67.000, down $1.500--Call Brugler Marketing & Management @ (402) 289-2330 with questions or news tips.
Live cattle futures were mostly steady to 30 cents lower on Thursday, with front month Oct up 15 cents. Feeder cattle futures ended the day with triple digit gains in the nearby contracts. Oct needs to stay close to cash with expiration a week from today. The CME feeder cattle index was up 36 cents on October 17 at $155.50. Wholesale boxed beef prices were higher on Thursday afternoon. Choice boxes were up $2.26 @ $206.82, with Select $1.16 higher at $192.35. USDA estimated FI cattle slaughter through Thursday is 467,000 head. That is 1,000 below the previous week and 1,000 head larger than last year. A few $111 trades in Nebraska were reported on Thursday, with most other feedlots passing at that same price. Weekly beef export sales totaled 13,080 MT for the week ending 10/11. Exports totaled 16,012 MT in that week.Oct 18 Cattle closed at $113.075, up $0.150,Dec 18 Cattle closed at $117.175, down $0.200,Feb 19 Cattle closed at $121.375, down $0.100,Oct 18 Feeder Cattle closed at $155.250, up $1.175Nov 18 Feeder Cattle closed at $154.425, up $1.075Jan 19 Feeder Cattle closed at $149.425, up $0.350--provided by Brugler Marketing & Management, Call (402) 289-2330