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Live cattle futures were higher on Thursday. The CME shows net changes for the day of +$.50 to +$1.17. Cash trade activity has been slow this week, with a few sales at $186 reported in KS and $192-195 in NE. Feeder cattle futures were hindered by higher feed costs, settling...
Lean hog futures bulls still can’t find their footing. Prices were down $.27 to $1.35 on Thursday. Nearby June was helped by convergence heading into expiration. The CME Lean Hog Index was up 6 cents at $91.38 on June 11. USDA showed the National Base Hog weighted average price at...
Lean hog futures bulls still can’t find their footing. Prices were down $.27 to $1.35 on Thursday. Nearby June was helped by convergence heading into expiration. The CME Lean Hog Index was up 6 cents at $91.38 on June 11. USDA showed the National Base Hog weighted average price at...
Live cattle futures were higher on Thursday. The CME shows net changes for the day of +$.50 to +$1.17. Cash trade activity has been quiet, with a few bids at $185 reported in KS and $193 in NE. Feeder cattle futures were hindered by higher feed costs, settling 5 to...
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No new news proved to be good news for the grain markets in today's trade. Will the move higher spark more short covering into the end of month and quarter?
Live cattle are mixed on Thursday, trying to recover from some early losses, as nearbys are up 12 to 17 cents and deferres are slightly lower. Cash trade activity has been quiet, with a few bids at $185 reported in KS and $193 in NE. Feeder cattle futures are down...
Lean hog futures are down 30 cents to a dollar so far on Thursday. The CME Lean Hog Index was up 6 cents at $91.38 on June 11. USDA showed the National Base Hog weighted average price at $86.96 on Thursday morning, down 12 cents from the day prior. This...
Lean hogs have been under heavy pressure for the last month and a half, but have started to show signs of life near the lows of the year. Has the risk/reward shifted back to the buy-side?
Lean hog futures closed the Wednesday trading session with gains of 7 cents to $1.42. The CME Lean Hog Index was down 20 cents at $91.32 on June 10. USDA showed the National Base Hog weighted average price at $87.59 on Wednesday morning, up 9 cents from the day prior....
Live cattle futures slipped lower on Wednesday, with losses of a dime to 67 cents. June cattle are in deliveries, but none have been served, with the oldest long in line dated November 7, 2023. Cash trade activity has been quiet, with a few bids at $185 reported in KS....
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Live cattle futures slipped lower on Wednesday, with losses of a dime to 67 cents. June cattle are in deliveries, but none have been served, with the oldest long in line dated November 7, 2023. Cash trade activity so far has mostly consisted of collecting show lists, with a few...
Lean hog futures closed the Wednesday trading session with gains of 7 cents to $1.42. The CME Lean Hog Index was down 20 cents at $91.32 on June 10. USDA showed the National Base Hog weighted average price at $87.59 on Wednesday morning, up 9 cents from the day prior....
Grains were mixed following today's WASDE report, what's are traders focusing in on going forward? Livestock futures struggled recently, but is there more upside potential?
Forget all of that, the backgrounder has lost the futures trader, at least for the time being. While open interest is down, it is the continual contraction of price that is converging basis, giving only a fraction of the premium once awarded to producers.
Live cattle futures are trading mixed, with June up a dime and other contracts slightly lower. June cattle are in deliveries but none have been served, with the oldest long in line dated November 7, 2023. Cash trade activity so far has mostly consisted of collecting show lists, with a...
Lean hog futures are rallying with June unch ahead of Friday’ expiration, and other contracts up $1.20 to $1.70. The CME Lean Hog Index was down 20 cents at $91.32 on June 10. USDA showed the National Base Hog weighted average price at $87.08 on Wednesday morning, up $1.20 from...
Cattle futures came out of the gate strong on Monday but failed to find any follow-through in Tuesday’s trade. Outside markets are seeing a risk on trade following a cooler CPI report. Will that act as a tailwind in today’s trade?
Live cattle futures faded Monday gains on Turnaround Tuesday, with contracts down 17 cents to $1.05. June cattle are in deliveries but none have been served, with the oldest long in line dated November 7, 2023. Cash trade activity so far has mostly consisted of collecting show lists, with last...
Lean hog futures were down 30 cents to $1.12 on the Tuesday session. The CME Lean Hog Index was down 23 cents at $91.52 on June 7. USDA showed the National Base Hog weighted average price at $87.50 on Tuesday afternoon, down $1.08 from the day prior. USDA’s Estimated Primal...
Live cattle was lower on Tuesday, with contracts down 17 cents to $1.05. June cattle are in deliveries as none have been served, with the oldest long in line dated November 7, 2023. Cash trade activity so far has mostly consisted of collecting show lists, with last week at $185...
Lean hog futures were down 30 cents to $1.12 on the Tuesday session. The CME Lean Hog Index was down 23 cents at $91.52 on June 7. USDA showed the National Base Hog weighted average price at $87.50 on Tuesday afternoon, down $1.08 from the day prior. USDA’s Estimated Primal...
Grain markets were firm in the early morning trade but faded into the afternoon to settle lower, with the exception of wheat which finished higher for the first time in 10 sessions. Cattle futures were strong to start the week but failed to find follow-through in today's trade.
No one was interested in a new position in the live cattle contract on Monday. Open interest plummeted further, leading me to believe there are few interested in participation.
Lean hog futures are trading with losses of a tick to a dollar so far on Tuesday. The CME Lean Hog Index was down 23 cents at $91.52 on June 7. USDA showed the National Base Hog weighted average price at $85.88 this morning, down $2.7 from the PM report...
