Commentary

Live Cattle futures have traded higher to start the week as cash trade has yet to be established. Feeder Cattle futures have surged higher to start the year following the CME Feeder Cattle index. Lean Hogs finished the day mixed as the pork cutout has been stagnant for the past week. Corn futures could not hold the gains from the beginning of the day and finished slightly lower but remain range bound.

Live Cattle futures started the year sharply higher on what appears to be new fund buying entering the complex after breaking through technical resistance. Feeder Cattle futures also traded sharply higher today and have now pushed through many technical areas. Lean Hog futures traded lower in the nearby contracts while the deferred contracts continue to be supported by questions of supplies into the summer. Corn futures traded lower the majority of the day and are again testing technical support areas at the bottom of the range.

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.