Commentary

Live Cattle finished the week lower following the cash and boxed beef markets and technical damage ensued. Feeder Cattle could not fight off the higher Corn market today and finished sharply lower. Lean Hogs finished slightly lower after setting new contract highs this week. Corn had a very strong finish to the week and finished at levels not seen in nearly three months.

Live Cattle futures finished sharply lower today cash trade has drifted lower and boxed beef has grown stagnant. Feeder Cattle futures finished the day limit lower as technical selling pushed the market below the 20-day MA. Lean Hogs traded mixed today as the pork cutout continues to be supported by boxed beef. Corn futures traded in a narrow range as traders look toward Friday’s WASDE Report to get an update on the U.S. Corn yield.

Live Cattle futures finished lower every day this week as boxed beef and cash prices have fallen stagnant. Feeder Cattle showed a weekly loss for the first time in nearly three months as the Feeder Cattle index works sideways and feed costs increase. Lean Hog futures continue to be supported by the strong pork cutout and cash markets. Corn had a mixed week but finished in the middle of the range as many question the size of the U.S. Corn crop.

Live Cattle futures traded both sides of steady today before finishing mixed as traders weigh out the increased slaughter totals and a boxed beef market that has grown stagnant. Feeder Cattle futures traded with extreme volatility to start the week as cash Feeder Cattle continue to set new record highs. Lean Hogs posted a new high for the move as the pork cutout remains supported while the cash markets work lower. Corn futures started the week lower but finished the day on a positive note as many question whether the U.S. will actually see as big of a yield as currently estimated.

Live Cattle futures posted a new all-time high this week before deliveries and a steady cash market forced the futures to correct in the middle of the week. Feeder Cattle continue their move higher as the Feeder Cattle index surges. Lean Hogs have found support from the beef markets and have now been adding open interest as fund buying continues. Corn futures finished the week sharply higher as many begin to doubt the size of the U.S. crop.

Live Cattle futures posted new all-time contract highs today as boxed beef continues its move higher. Feeder Cattle futures also moved sharply higher today as the CME Feeder Cattle index has moved to new records. Lean Hog futures pushed through overhead resistance to begin the week and continued that momentum today. Corn could not hold the gains from the beginning of the week and finished the day lower.

Live Cattle futures posted new contract highs this week after another week of lack luster cash trade. Feeder Cattle futures posted a new all-time high on Friday as the cash markets continue to post new records every day. Lean Hogs traded through technical resistance as the cash market remains well above the current futures market. Corn had a strong finish this week as all eyes were on the ProFarmer crop tour and their yield results.

Live Cattle traded higher for most of the day today but could not continue to upward momentum. Feeder Cattle futures posted a new contract high as fund buying continues. Lean Hogs ran into overhead technical resistance and finished lower across most months. Corn also ran into overhead resistance as ProFarmer finds good yields on their tour.

Live Cattle finished the week sharply higher after another week of disappointing cash trade. Feeder Cattle futures found support on comments from the USDA that there is no timeline for the reopening of the Mexican border. Lean Hogs finished the week higher after a three day slide lower. Corn posted a new contract low this week before rebounding and finishing nearly unchanged on the week.

Live Cattle futures finished sharply higher after the mid-day boxed beef report showed a sharp increase in prices. Feeder Cattle enjoyed a sharply lower corn market and traded back to within $3 of contract highs. Lean Hogs finished the day slightly lower as the cash market was quoted lower this morning. Corn futures were under heavy pressure as the USDA confirmed a massive crop for 2025 in the their monthly WASDE report.