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Live cattle futures were down a tick to 60 cents in the 2024 contracts on Wednesday with the 2025 futures up 7 to 45 cents. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed, with bids at $181...
Hogs were mixed on the Wednesday trade session, as contracts were anywhere within 10 cents lower to 47 cents higher. USDA’s National Average Base Hog negotiated price was up 9 cents at $89.13 in the afternoon report. The CME Lean Hog Index was another 25 cents higher at $90.98 on...
Price action today didn't seem to impress anyone. There remains some indecision and skepticism as to what the next most probable move is going to be. My analysis continues to suggest further triangulation of price with the next most probable move a test of the down trend line.
Live cattle futures are down anywhere from a quarter to $1.45 at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed, with bids at $181 and asks at $184. Feeder cattle are also in retreat after running...
Hogs are down 15 to 52 cents across most contracts, with exception to a 12 cent gain in the August. USDA’s National Average Base Hog negotiated price was up $2.31 at $88.45 in this morning report. The CME Lean Hog Index was another 25 cents higher at $90.98 on April...
Cattle futures were able to stage an impressive relief rally in yesterday's trade but are approaching resistance. Will the Bulls be able to keep the momentum going?
Lean hogs posted gains of anywhere from a tick to 40 cents on Tuesday. December was the lone exception, a dime lower. USDA’s National Average Base Hog negotiated price was up $3.33 at $86.04 in this afternoon report. The CME Lean Hog Index was another 17 cents higher at $90.73...
Live cattle continued the rally from Monday with contracts closing $1.20 to $1.90 higher at the close on Tuesday. A higher close today would make it 3 days in a row for the first time in nearly 2 months. Still no deliveries have been scheduled against April futures as of...
Live cattle continued the rally on Tuesday with contracts closing $1.20 to $1.90 higher at the close. Still no deliveries have been scheduled against April futures as of Tuesday. Cash action has been quiet this week, with last week reported @ $182 in the South and Northern action at $293-295...
Lean hogs posted gains of anywhere from a tick to 40 cents on Tuesday. December was the lone exception, a dime lower. USDA’s National Average Base Hog negotiated price was up $3.33 at $86.04 in this afternoon report. The CME Lean Hog Index was another 17 cents higher at $90.73...
Grains and oilseeds were lower and are expected to continue lower.
Lean hogs are trading with 20 to 55 cent gains on Tuesday. USDA’s National Average Base Hog negotiated price was reported at $86.14 in this morning’s report up 43 cents from yesterday afternoon’s print. The CME Lean Hog Index was another 17 cents higher at $90.73 on April 12. USDA’s...
Live cattle are posting an extension of Monday’s rally on Tuesday, with gains of $1.05 to $1.77. Cash action was quiet on Monday, with last week reported @ $182 in the South and Northern action at $293-295 in the beef and $184-185 live. Feeders are up $1.20 to $2.95 at...
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Cattle and hogs were able to not only hold ground but gain some ground back in yesterday's trade. Can we see a bigger rally?
Live cattle slipped off the midday highs into the close, but were still $1.40 to $2.37 higher on Monday. There have yet to be any delivery notices for April futures through Monday. Cash action was quiet on Monday, with last week reported @ $182 in the South and Northern action...
Lean hogs posted mixed trade on Monday, with the front months 37 to 45 cents higher and other contracts down 10 to 67 cents. USDA’s National Average Base Hog negotiated price was down 89 cents in the afternoon report to $85.71. The CME Lean Hog Index was another 72 cents...
Lean hogs posted mixed trade on Monday, with the front months 37 to 45 cents higher and other contracts down 10 to 67 cents. USDA’s National Average Base Hog negotiated price was down 89 cents in the afternoon report to $85.71. The CME Lean Hog Index was another 72 cents...
Live cattle slipped off the midday highs into the close, but were still $1.40 to $2.37 higher on Monday. There have yet to be any delivery notices for April futures through Monday. Cash action was quiet on Monday, with last week reported @ $182 in the South and Northern action...
Today's price action suggests a good chance the bottom of the triangle has been found. I recommend buying June live cattle with a sell stop to exit only at $170.20. This is a sales solicitation.
Lean hogs are showing a slight bounce in the nearbys on Monday, with May up 15 cents and June up 22. Other contracts are down 55 cents to $1.10. USDA’s National Average Base Hog negotiated price not updated this morning due to light volume. The CME Lean Hog Index was...
Live cattle are recovering from last Friday’s drop, as contracts are up $1.60 to $2.85 on Monday so far. Cash trade last week was reported @ $182 in the South, a $2 drop on the week, with Northern action also weaker at $293-295 in the beef (down $2-3) and $184-185...
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We have made it through the weekend, which was filled with uncertainty late last week. Outside markets are stabilizing, can livestock follow suit?
