Pure Hedge - Livestock and Grain
5/17/24
June'24 Live Cattle were 2.02 ½ higher today and settled at 181.05. Today's high was 181.20 and that is also the new 1-month high. Today's low was 179.20 and the 1-month low is 172.70. Since 4/17 June'24 Live Cattle is 5.57 ½ higher or more than 3%. The Feeders had a good week. August'24 Feeder Cattle were 2.50 higher today and settled at 259.85. Today's high was 260.12 ½ and the 1-month high is 261.80. Today's low was 257.17 ½ and the 1-month low is 249.05. Since 4/17 August'24 Feeder Cattle are 7.40 higher or almost 3%. The Hogs continued their spiral down. June'24 Lean Hogs were 1.87 ½ lower today and settled at 96.50. Today's high was 98.25 and the 1-month high is 108.55. Today's low was 96.17 ½ and that's also the new 1-month low. Since 4/15 June'24 Lean Hogs are 5.97 ½ lower or almost 6%.
July'24 Soybeans were 11 ¾ cents higher today and settled at 1228. Today's high was 1231 ¼ and the 1-month high is 1256 ½. Today's low was 1215 ¼ and the 1-month low is 1145 ¾. Since 4/17 July'24 Soybeans are 62 ¾ cents higher or almost 5 ½%. Corn gave a little back today. July'24 Corn was 4 ½ cents lower today and settled at 452 ½. Today's high was 460 ½ and the 1-month high is 475 ½. Today's low was 451 and the 1-month low is 435 ¾. Since 4/15 July'24 Corn is 10 ¾ cents higher or almost 2 ½%. The Wheat sank lower today. July'24 Wheat was 12 cents lower and settled at 651 ¼. Today's high was 676 ½ and the 1-month high is 697. Today's low was 650 ¼ and the 1-month low is 550. Since 4/17 July'24 Wheat is 99 ¾ cents higher or 18%. I will have an update tomorrow.
-Bill
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