Latest News
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.
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.
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...
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...
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...
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...
Livestock futures gain ground in Tuesday’s trade, will they see follow through today?
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...
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....
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...
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....
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.
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.
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...
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...
A few key economic indicator markets seem to be telling us the consumerism that has underpinned the US economy could be waning.
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...
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...
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...
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...
A near $4.00 range was created in a few contract months of the feeder cattle. Computer traders were either anxious to get the week started, or maybe a few humans were, but whom ever wanted futures higher. As the day wore on, most all contract months were lower on the day close to the close.
Lean hogs are showing losses of 20 to 75 cents across most contracts on Monday. USDA’s National Average Base Hog negotiated price was not reported on Monday morning due to thin volume, with the 5-day rolling average now at $91.45. The CME Lean Hog Index was up just 4 cents...
