Live Cattle futures finished the week sharply higher, following the Feeder Cattle complex to the highest levels in months. Feeder Cattle futures started the day higher and received additional support from the sharply lower Corn market as the day moved along. Lean Hog futures posted or tested the contract lows today as the pork cutout continues to push lower. Corn futures fell victim to today’s WASDE report and the release that the Corn crop is bigger than expected.
Live Cattle futures spent all but the opening minutes higher today and traded back to the upper end of the range that has been established for the past three weeks. Feeder Cattle futures finished the day sharply higher despite Corn seeing large gains and the complex is back to near the highs set last Thursday. Lean Hogs finished the day lower after two large up days and moving back above the 20-day MA. December Corn futures found support near the 495 area again last night and finished the day with solid gains.
Live Cattle futures finished the week lower after yesterday’s steep drop in boxed beef prices, but cash trade was mostly steady. Feeder Cattle futures finished the day sharply lower after trading into some technical resistance levels in the middle of the week. Lean Hog futures posted new contract lows on Thursday but recovered nicely and finished with sizable gains today. Corn futures will show large losses this week after the USDA reduced feed demand in the middle of the week.
Live Cattle futures finished the day mixed after trading sharply lower and higher throughout the day. Feeder Cattle futures also shrugged off an early day sell off and finished the day higher while the Feeder Cattle index has grown stagnant. Lean Hog futures posted new contract lows yesterday but finished the day higher today. Corn futures started the week lower but fought to finish the day slightly lower today ahead of tomorrow’s Quarterly Grain Stocks Report.
Live Cattle futures finished the week higher in all contracts except the October as it stays in line with the cash market. Feeder Cattle futures traded to new weekly highs late in the day as the cash continues to be supported. Lean Hog futures started the day higher following yesterday’s Hogs and Pigs Report, but could not hold those gains throughout the day. Corn futures traded sharply lower during the overnight and this morning but recovered and finished the day higher.
Live Cattle futures started the week sharply higher but could not sustain those gains on Tuesday. Feeder Cattle futures also moved sharply higher to start the week as placements in August were record low. Lean Hog futures gapped higher today after a higher finish to start the week. Corn futures traded back toward the top end of the range the past two days but finished the day lower today.
Live Cattle futures finished the day mixed after falling sharply lower in the final part of the week. Feeder Cattle futures also saw big losses this week despite the Feeder Cattle index moving higher. Lean Hog futures finished lower each day this week and posted new contract lows as the pork cutout struggles to stabilize. Corn futures found a sideways range this week but fell below the 20-day MA for the first time in over a month.
Live Cattle futures posted new highs for the move at the beginning of the day today but failed to find support as the outside markets weighed on the complex. Feeder Cattle futures also finished lower, but for the first time in six days as the cash market continues to be higher than the futures. Lean Hog futures set new contract lows today as all of the cash fundamentals continue to work lower. Corn futures traded on both sides of steady but finished the day higher and remains range bound.
Live Cattle futures trade3d higher the entire day and finished higher three of the four days this week. Feeder Cattle futures traded to the highest level in a month today as the Corn market traded lower and cash Feeder Cattle sell well above the futures price. Lean hog futures finished the day near their lows as the cash fundamentals continue to work lower. Corn futures traded in a large range today around the WASDE Report that came in near estimates in most categories.
Live Cattle futures traded higher the majority of the day but remain in the same trading range that has been set for three weeks. Feeder Cattle futures pushed to new highs for the move as the CME Feeder Cattle index continues to move higher. Lean Hogs finished the day higher as the pork cutout remains at historic levels for December. Corn futures have now finished lower three days in a row after posting new highs for the month of December at the end of last week.
Live Cattle finished with a small weekly loss following another week of steady cash trade. Feeder Cattle futures finished the week higher as the Feeder Cattle index continues to work higher. Lean Hog futures fought off a bearish Hogs and Pigs Report in the middle of the week and remain near their highs of the month. Corn futures posted new highs for the month this morning as the technical picture continues to improve.
Live Cattle futures finished the day lower as cash trade has been stagnant and slow to develop. Feeder Cattle futures also finished lower despite the CME Feeder Cattle index being quoted higher for the ninth day in a row. Lean Hogs finished the day slightly higher, but did push to new highs as traders waited for this afternoon’s Hogs and Pigs Report. Corn futures finished the day slightly higher after another day with a tight range heading into the holidays.
Live Cattle futures finished the week higher following a very quiet week of cash cattle. Feeder Cattle futures finished at the highest levels since the middle of October as the Feeder Cattle index continues to push higher. Lean Hogs have been supported by a strong pork cutout market and worries of pork supplies overseas. Corn futures finished the week with a net gain after testing support levels in the middle of the week.
Live Cattle futures finished the day slightly higher as cash trade has yet to take place this week. Feeder Cattle futures were higher the entire day as the CME Feeder Cattle index continues to work higher. Lean Hog futures failed to post a new high for the move today but finished near the highs of the day. Corn futures have now finished lower three days in a row and are testing technical support levels.
Live Cattle futures ended the week lower after another week of higher cash trade and lower boxed beef prices. Feeder Cattle futures finished the week unchanged compared to last Friday as the CME Feeder Cattle index continues to work higher. Lean Hogs continue to be supported by the pork cutout and has pushed the futures to 45-day highs. Corn finished the week near its lows after this week’s friendly WASDE Report.
Live Cattle futures finished the day mostly higher as traders wait for indications as to what this week’s cash prices will be. Feeder Cattle futures trades both sides of steady before finishing slightly lower. Lean Hogs finished mostly lower breaking a four-day streak of higher closes. Corn futures found support on increased export demand in today’s WASDE Report.
Live Cattle futures surged higher to finish the week following a sharply higher cash market. Feeder Cattle futures also finished the week higher after testing technical support early in the week. Lean Hogs continue to find support surrounding the news of ASF in Spain. Corn futures bounced between resistance and support levels all week, but finished the week slightly lower.
Live Cattle futures finished the day sharply higher as feedlots are expecting a higher cash market this week. Feeder Cattle futures traded limit higher today but could not finish there as volatility remains extreme within the complex. Lean Hogs have finished lower three days in a row following the cash market lower while the cutout has found support. Corn took out overhead resistance this morning after news broke of tensions between Russia and Ukraine.
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