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In my opinion, further clues were presented at the end of the week via the unemployment report as to further weakening of the economy. Stagflation has settled in with the Fed's Powell stating this week a "lack of further progress". Friday's ISM report showed April having slower growth than March.
Live cattle are up a nickel to 90 cents across most contracts on Friday. Cash trade has been slow to develop this week with bids of $184 in the South and $186 in the North, as there have been a few trades in the north in a range of $187-188....
Lean hogs are heading lower into the weekend, with contracts down 27 to 70 cents at midday. USDA’s National Average Base Hog negotiated price was up $1.10 from the day prior in the Friday morning afternoon report at $90.53. The CME Lean Hog Index was up another 32 cents on...
Live cattle shot higher following Wednesday’s late USDA H5N1 announcement, closing with $1.90 to $2.95 gains. Cash trade has been slow to develop this week with a few $186 in KS reported by the USDA, with NE at $187. Both would be an improvement on the week, but noted volume...
Lean hogs continue the mixed trade this week, as Thursday closed with contracts down 10 to 50 cents in the front months and later months up 5 to 77 cents. USDA’s National Average Base Hog negotiated price was down $0.24 from the day prior in the Thursday afternoon report at...
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Live cattle shot higher following Wednesday’s late USDA H5N1 announcement, closing with $1.90 to $2.95 gains. Cash trade has been slow to develop this week with a few $186 in KS reported by the USDA, with NE at $187. Both would be an improvement on the week, but noted volume...
Lean hogs continue the mixed trade this week, as Thursday closed with contracts down 10 to 50 cents in the front months and other contracts up 5 to 77 cents. USDA’s National Average Base Hog negotiated price was down $0.24 from the day prior in the Thursday afternoon report at...
Some are not familiar with what volatility is. I think today's example will give you a good idea of how volatile the fat cattle futures market is.
Live cattle are posting midday gains of $2 to $3.40 following the USDA H5N1 announcement. Cash trade has been slow to develop this week with a few $186 in KS reported by the USDA, with NE at $187. Both would be an improvement on the week, but noted volume has...
Lean hogs are showing losses of 12 to 67 cents in the front months on Thursday, with gains in the deferreds. USDA’s National Average Base Hog negotiated price was down $1.63 from the day prior in the Thursday morning report at $89.43. The CME Lean Hog Index was back up...
Live cattle were lower again on Wednesday, with contracts down $1.12 to $2.37 at the close. Cash trade has yet to develop this week. The Central Stockyards online Fed Cattle Exchange auction saw no sales on the 998 head offered, with no bids, and asks of $184-185. Last week’s trade...
Lean hogs fell lower on Wednesday, as contracts were anywhere from $1 to $2.05 in the red. USDA’s National Average Base Hog negotiated price was down a penny from the day prior in the Wednesday PM report at $92.02. The CME Lean Hog Index was down 26 cents on April...
Live cattle fell lower again on Wednesday, with contracts down $1.12 to $2.37 at the close. Cash trade has yet to develop this week. The Central Stockyards online Fed Cattle Exchange auction saw no sales on the 998 head offered, with no bids and asks of $184-185. Last week’s trade...
Lean hogs fell lower on Wednesday, as contracts were anywhere from $1 to $2.05 in the red. USDA’s National Average Base Hog negotiated price was down a penny from the day prior in the Wednesday PM report at $92.02. The CME Lean Hog Index was down 26 cents on April...
Inflation has remained higher for longer than anyone predicted. Especially the Fed. Their once transitory inflation has spun completely out of control. Attempts to reel in consumer spending has been met head on with increased government spending.
Live cattle are in freefall again on Wednesday after holding up earlier in the session. Contracts are down $1.67 to $2.95 at midday. Cash trade has yet to develop this week. The Central Stockyards online Fed Cattle Exchange auction saw no sales on the 998 head offered, with no bids...
Lean hogs are down $1.10 to $2.07 on the Wednesday session so far. USDA’s National Average Base Hog negotiated price was up 34 cents from the day prior in the Wednesday morning report at $91.06. The CME Lean Hog Index was down 26 cents on April 29 at $90.26. USDA’s...
Lean hogs closed out the Tuesday session with contracts anywhere from 45 cents lower to 62 cents higher as the summer months finished the weakest. USDA’s National Average Base Hog negotiated price was up $2.40 from the day prior on Tuesday afternoon at $92.03. The CME Lean Hog Index was...
Live cattle closed out the Tuesday session with contracts fading another $2.17 to $2.72 as April rolled off the board. Cash trade has yet to develop this week, with last week $182-183 in the South, steady to $1 higher. Northern trade was reported at $184-186, steady to $2 higher on...
Lean hogs closed out the Tuesday session with contracts anywhere from 45 cents lower to 62 cents and the summer months the weakest. USDA’s National Average Base Hog negotiated price was up $2.40 from the day prior on Tuesday afternoon at $92.03. The CME Lean Hog Index was back down...
Live cattle closed out the Tuesday session with contracts fading off another $2.17 to $2.72 as April rolled off the board. Cash trade has yet to develop this week, with last weeks was $182-183 in the South, steady to $1 higher. Northern trade was reported at $184-186, steady to $2...
A great deal transpired today. Whether you believe the price decline an aspect of the bird flu, or like me, believe that with no margin and fewer aspects of trading higher, there is no reason to pay more for anything, prices are lower.
Lean hogs are showing 17 to 50 cent losses so far on Tuesday. USDA’s National Average Base Hog negotiated price was up $1.09 from the Monday PM report on Tuesday morning at $90.72. The CME Lean Hog Index was back down 52 cents on April 26 at $90.36. USDA’s National...
