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Live cattle closed the Friday session with contracts up 67 cents to $2.02. June was up $4.90 on the week. USDA reported cash sales of $186-190 across the country on Friday, helped by the beef strength this week. Feeder cattle closed with gains of $1.12 to $2.50 on Friday, as...
Lean hogs slipped lower into the weekend, with contracts down anywhere from a tick to $1.87, led by the nearbys. USDA’s National Average Base Hog negotiated price was back down 76 cents on Friday afternoon at 88.57. The CME Lean Hog Index was up another 37 cents on May 15...
The feeder cattle futures remain premium to the index and as of Friday's close, minimum sale floors can be produced above the current historical high of the index. So, you are able to market inventory in the future at higher levels than have ever been traded in the physical market, via the CME index.
Lean hogs are slipping lower in the to weekend, with contracts down 25 cents to $2, led by the nearbys. USDA’s National Average Base Hog negotiated price was back down 58 cents on Friday morning at 88.78. The CME Lean Hog Index was up another 37 cents on May 15...
Live cattle are trading with gains of $1.07 to $1.87 across most front months on Friday. Cash action has been quiet this week, with USDA reporting a few in the WCB at $186-190 on Thursday. Bids of $187 are being reported in the North this morning, with Southern bids in...
Live cattle and feeder cattle futures prices have been firming up through this week’s trade as we inch towards what has historically been a friendly time of year for the markets.
Live cattle posted Thursday gains of a nickel to 92 cents, as boxed beef price continue to rally ahead of Memorial Day. Cash action has been quiet this week, with USDA reporting a few in the WCB at $186-190 on Thursday. The Central Stockyards Fed Cattle Exchange saw no bids...
Lean hogs faded off of some of the midday strength, but still found solid ground to post 5 to 87 cent higher trade. USDA’s National Average Base Hog negotiated price was up 60 cents on Thursday afternoon at 89.33. The CME Lean Hog Index was back up 47 cents on...
The rally in Soybeans started from a 61.8% retracement on the continuation chart at 1138.00.
Live cattle posted Thursday gains of a nickel to 92 cents, as boxed beef price continue to rally ahead of Memorial Day. Cash action has been quiet this week, with USDA reporting a few in the WCB at $186-190 on Thursday. The Central Stockyards Fed Cattle Exchange saw no bids...
Lean hogs faded off of some of the midday strength, but still found solid ground to post 5 to 87 cent higher trade. USDA’s National Average Base Hog negotiated price was up 60 cents on Thursday afternoon at 89.33. The CME Lean Hog Index was back up 47 cents on...
Corn futures have been under pressure for the last three sessions after failing against resistance to start the week. Will support hold into the weekend or will the selling persist?
Lean hogs are posting a $1.02 to $1.45 rally in the front months on Thursday. USDA’s National Average Base Hog negotiated price was up 40 cents on Thursday AM at 89.36. The CME Lean Hog Index was back up 47 cents on May 14 at $91.76. Pork sales in the...
Live cattle are trading the Thursday session with $1 to $1.20 gains across most contracts at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no bids or sales on the 1,352 head listed this morning, with asks in the $185-186 range. Very light...
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.
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 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...
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...
