- Cash Hog Prices Call Higher to Sharply Higher
The advances in the cash hog market seem to be accelerating instead of slowing. Weekly beef export sales were sluggish, down 16% from the 4-week average....
- Daily Livestock Technicals and Fundamentals (9.20.18)
Will cattle move before the Cattle on Feed report?
- Grain Markets Rebound While Trade Troubles Escalate
Grain Markets Rebound While Trade Troubles Escalate
cmdty Insider - Ag Market Commentary
Lean hog futures finished Friday with losses of 70 to 95 cents in the front months, with Oct up 7.25% on the week. The CME Lean Hog Index was up $1.45 on September 19 to $57.44. The USDA pork carcass cutout value was 23 cents higher at $79.18 in the Friday afternoon report. The national base hog carcass value was up $1 @ $59.37 on Friday afternoon. Weekly FI hog slaughter through Saturday is estimated at 2.341 million head. That is up 26,000 head from last week but down 155,000 head from the same week last year. Money managers in lean hog futures and options added 6,249 contracts to their net long position of 21,825 contracts as of 9/18.OCT 18 Hogs closed at $60.300, down $0.950,DEC 18 Hogs closed at $57.400, down $0.875FEB 19 Hogs closed at $64.925, down $0.700
Live cattle futures ended the Friday session with 40 to 65 cent gains. Feeder cattle futures were up 20 cents to $1.25 on the day. The CME feeder cattle index on September 20 was up $1.83 at $156.29. Wholesale boxed beef values were mixed on Friday afternoon. Choice boxes were up 28 cents to $204.80, while Select boxes were 20 cents lower at $194.71. USDA estimated FI cattle slaughter at 657,000 head through Saturday. That is up 5,000 from last week on larger weekend slaughter and 19,000 head above the same week in 2017. Quite a few cash trades showed up this afternoon at $110.50-111 for most regions. The Cattle on Feed report indicated September 1 Cattle on Feed at 11.125 million head, up 5.91% from a year ago. August placements were at 2.07 million head, up 7.37% and above the average trade estimate. Marketings during August were 0.2% larger at 1.983 million head.OCT 18 Cattle closed at $113.075, up $0.625,DEC 18 Cattle closed at $118.450, up $0.550,FEB 19 Cattle closed at $122.250, up $0.650,SEP 18 Feeder Cattle closed at $156.925, up $1.250OCT 18 Feeder Cattle closed at $157.925, up $0.650NOV 18 Feeder Cattle closed at $157.600, up $0.450