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Are cattle futures setting up for a breakout?
Blue Line Futures - Thu May 16, 9:02AM CDT
Blue Line Futures
Thu May 16, 9:02AM CDT
Cattle futures perked up in yesterday’s trade and are knocking on the door of a breakout. These are the levels to keep an eye on in today’s trade.
Hogs Ready to Kick Off Thursday Trade
Barchart - Thu May 16, 7:34AM CDT
Barchart
Thu May 16, 7:34AM CDT
Lean hogs settled the Wednesday session on a mixed note, as front months were down 5 to 82 cents, with the other 24 contracts steady to 27 cents higher. USDA’s National Average Base Hog negotiated price was down $2.10 on Wednesday afternoon at 88.73. The CME Lean Hog Index was...
Cattle Look to Thursday After Midweek Strength
Barchart - Thu May 16, 7:34AM CDT
Barchart
Thu May 16, 7:34AM CDT
Live cattle posted Wednesday gains of 7 to 40 cents across the board, following more boxed beef strength. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,352 head listed on Wednesday morning, with bids of $181-181.25 and asks in the...
Grain Markets: Will Global Production Issues Continue to Push Wheat Prices Higher?
Barchart - Wed May 15, 6:36PM CDT
Barchart
Wed May 15, 6:36PM CDT
In my interview today with Michelle Rook on AgWeb's Markets Now I spoke about the recent move higher in wheat, soybean, and corn prices. I also discussed crude oil, interest rates, and the cattle markets.
Shootin' the Bull about more beef and fewer cattle
Swift Trading Company - Wed May 15, 5:05PM CDT
Swift Trading Company
Wed May 15, 5:05PM CDT
Of the most interest is that we are currently producing more beef than last year with fewer cattle. Of everything you can mention that has created this, you are correct. It's taken everything possible to have accomplished such a feat.
Hogs Post Mixed Trade on Wednesday
Barchart - Wed May 15, 4:58PM CDT
Barchart
Wed May 15, 4:58PM CDT
Lean hogs settled the Wednesday session on a mixed note, as front months were down 5 to 82 cents, with the other 24 contracts steady to 27 cents higher. USDA’s National Average Base Hog negotiated price was down $2.10 on Wednesday afternoon at 88.73. The CME Lean Hog Index was...
Cattle Post Midweek Strength
Barchart - Wed May 15, 4:58PM CDT
Barchart
Wed May 15, 4:58PM CDT
Live cattle posted Wednesday strength of 7 to 40 cents across the board, following more boxed beef strength. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,352 head listed on Wednesday morning, with bids of $181-181.25 and asks in the...
Pure Hedge - Livestock and Grain
Walsh Trading - Wed May 15, 4:57PM CDT
Walsh Trading
Wed May 15, 4:57PM CDT
Grains Break Hard Off the Highs- Livestock Mixed
Cattle Holding Higher on Wednesday’s Midday
Barchart - Wed May 15, 11:55AM CDT
Barchart
Wed May 15, 11:55AM CDT
Live cattle are extending the week’s gains, as contracts are up 17 to 50 cents at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,352 head listed on Wednesday morning, with bids of $181-181.25 and asks in the $185-186...
Hog Mixed on Wednesday
Barchart - Wed May 15, 11:55AM CDT
Barchart
Wed May 15, 11:55AM CDT
Lean hogs are mixed on Wednesday, with June down 70 cents, with other contracts slightly above unch. USDA’s National Average Base Hog negotiated price was up $1.17 from the Tuesday afternoon print at $92.00 on Wednesday morning. The CME Lean Hog Index was back up 7 cents on May 13...
Cattle Futures Firm
Blue Line Futures - Wed May 15, 8:28AM CDT
Blue Line Futures
Wed May 15, 8:28AM CDT
Livestock futures gain ground in Tuesday’s trade, will they see follow through today?
Cattle Bulls Helped by Boxed Beef Pop
Barchart - Wed May 15, 7:34AM CDT
Barchart
Wed May 15, 7:34AM CDT
Live cattle closed the Tuesday session with $1.60 to $2.72 gains, as boxed beef rallied for a second consecutive day. Cash action was mostly compiling showlists early this week. Last week was mixed, with the South seeing action anywhere from $183-185, and the North at $186-187. Feeders posted gains of...
Hog Bulls Look to Extend Tuesday Gains on Wednesday
Barchart - Wed May 15, 7:34AM CDT
Barchart
Wed May 15, 7:34AM CDT
Lean hogs saw some gains to round up the Tuesday session, up 7 to 87 cents across the board. USDA’s National Average Base Hog negotiated price was up $1.05 in the Tuesday afternoon print at $90.83. The CME Lean Hog Index was down a dime on May 10 at $91.22....
Cattle Rally Alongside Boxed Beef Pop
Barchart - Tue May 14, 4:54PM CDT
Barchart
Tue May 14, 4:54PM CDT
Live cattle closed the Tuesday session with $1.60 to $2.72 gains, as boxed beef rallied for a second consecutive day. Cash action was mostly compiling showlists early this week. Last week was mixed, with the South seeing action anywhere from $183-185, and the North at $186-187. Feeders posted gains of...
Hogs Close Tuesday with Strength
Barchart - Tue May 14, 4:54PM CDT
Barchart
Tue May 14, 4:54PM CDT
Lean hogs saw some gains to round up the Tuesday session, up 7 to 87 cents across the board. USDA’s National Average Base Hog negotiated price was up $1.05 in the Tuesday afternoon print at $90.83. The CME Lean Hog Index was down a dime on May 10 at $91.22....
Shootin' the Bull about Polar opposites
Swift Trading Company - Tue May 14, 4:17PM CDT
Swift Trading Company
Tue May 14, 4:17PM CDT
Polar opposites in the basis of fats and feeders. In fats, it's $9.00 positive and in the feeders $14.00 negative. How is buying feeder cattle futures at a premium and selling fat futures at a discount profitable? That is exactly what the board represents at the moment.
Can the Meats Rally During the Peak Season in 2024?
Barchart - Tue May 14, 12:00PM CDT
Barchart
Tue May 14, 12:00PM CDT
The annual grilling season, when beef and pork demand tend to peak, begins in a few short weeks at the end of May on the Memorial Day weekend. Cattle prices remain near record highs, and hog futures have experienced a seasonal rally. Time will tell if higher highs are on the horizon as meat consumption increases over the coming weeks.
Cattle Shooting Higher with Beef Sparking a Rally
Barchart - Tue May 14, 11:57AM CDT
Barchart
Tue May 14, 11:57AM CDT
Live are up triple digits across the board on Tuesday, as contracts are up $2.25 to $3.50. Cash action was mostly compiling showlists on Monday. Last week was mixed, with the South seeing action anywhere from $183-185, and the North at $186-187. Feeders are posting $3.95 to $4.80 gains across...
Hogs Heading Higher at Midday with Supportive Pork Prices
Barchart - Tue May 14, 11:57AM CDT
Barchart
Tue May 14, 11:57AM CDT
Lean hogs are up 35 to 72 cents on Tuesday. USDA’s National Average Base Hog negotiated price was not reported this morning, with the Monday afternoon print at $89.78. The CME Lean Hog Index was down a dime on May 10 at $91.22. USDA’s National Pork Carcass Cutout Value was...
US Economy: Is Consumerism Being Curbed?
Barchart - Tue May 14, 7:37AM CDT
Barchart
Tue May 14, 7:37AM CDT
A few key economic indicator markets seem to be telling us the consumerism that has underpinned the US economy could be waning.
Hogs Traders Ready for Tuesday Session
Barchart - Tue May 14, 7:34AM CDT
Barchart
Tue May 14, 7:34AM CDT
Lean hogs were down 5 cents to $1.40 across most contracts. USDA’s National Average Base Hog negotiated price was up $1.37 on Monday afternoon at $89.78. The CME Lean Hog Index was up just 4 cents on May 9 at $91.32. USDA’s National Pork Carcass Cutout Value was up another...
Cattle Look to Tuesday Trade, as Boxed Beef Prices Improve
Barchart - Tue May 14, 7:34AM CDT
Barchart
Tue May 14, 7:34AM CDT
Live cattle closed the Monday session with contracts mostly 5 to 72 cents lower, as a couple spring 2025 contracts were slightly higher. Cash was mixed around last week, with the South seeing action anywhere from $183-185, and the North at $186-187. Feeders were higher on the day, as contracts...
Hogs Weaker on Monday, Despite Pork Strength
Barchart - Mon May 13, 5:05PM CDT
Barchart
Mon May 13, 5:05PM CDT
Lean hogs were down 5 cents to $1.40 across most contracts. USDA’s National Average Base Hog negotiated price was up $1.37 on Monday afternoon at $89.78. The CME Lean Hog Index was up just 4 cents on May 9 at $91.32. USDA’s National Pork Carcass Cutout Value was up another...
Cattle Mixed Around on Monday, as Boxed Beef Prices Improve
Barchart - Mon May 13, 5:05PM CDT
Barchart
Mon May 13, 5:05PM CDT
Live cattle closed the Monday session with contracts mostly 5 to 72 cents lower, as a couple spring 2025 contracts were slightly higher. Cash was mixed around last week, with the South seeing action anywhere from $183-185, and the North at $186-187. Feeders were higher on the day, as contracts...
Pure Hedge - Livestock and Grain
Walsh Trading - Mon May 13, 4:56PM CDT
Walsh Trading
Mon May 13, 4:56PM CDT
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