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Lean hogs saw mixed action to close out the Monday session with contracts 15 to 60 cents higher and the summer contracts down a dime to 27 cents. USDA’s National Average Base Hog negotiated price down $2.14 in the Monday afternoon report at $86.43. The CME Lean Hog Index was...
Live cattle posted mixed action with contracts 50 cents lower to 42 cents higher. June futures were held up with a 42 cent gain, as futures are still $4-8 discount to cash. USDA reported cash sales of $186 in the South, up to $190 in the North last week, $2-3...
You only have to look at the chart below to see how well the market adheres to the Fibonacci retracements.
Lean hogs saw mixed action to close out the Monday session with contracts 15 to 60 cents higher and the summer contracts down a dime to 27 cents. USDA’s National Average Base Hog negotiated price down $2.14 in the Monday afternoon report at $86.43. The CME Lean Hog Index was...
Live cattle posted mixed action with contracts 50 cents lower to 42 cents higher. June futures were held up with a 42 cent gain, as futures are still $4-8 discount to cash. USDA reported cash sales of $186 in the South, up to $190 in the North last week, $2-3...
Rationing was stepped up last week as packers cut the slaughter pace again, sending boxes to over $314.00 as of mid-day today. Rationing will continue until more cattle are made available to produce more beef.
Live cattle are trading with mixed action on Monday, as contracts are anywhere from 55 cent higher to 15 cents lower across the front months. USDA reported cash sales of $186 in the South, up to $190 in the North last week, $2-3 higher. Feeder cattle are down 52 to...
Lean hogs are trading with front months 17 cents higher to 32 cents lower on Monday. USDA’s National Average Base Hog negotiated price not reported on Monday morning due to light volume, with the 5-day rolling average at $89. The CME Lean Hog Index was up another 16 cents on...
Cattle futures prices have largely been consolidating over the last month but appear to be on the verge of a technical breakout ahead of what is viewed as a seasonally friendly time of year.
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...
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...
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...
