Commentary

Live Cattle futures finished the week on a positive note following a disappointing week of cash trade and lower boxed beef markets. Feeder Cattle futures found support late in the day from the sharply lower Corn market. Lean Hogs could not hold their gains from earlier this week and posted new lows for the move yesterday. Corn futures finished the week sharply lower after taking out overhead resistance on Thursday.

Live Cattle futures finished the day lower after a limit up performance on Monday. Feeder Cattle futures were led by the November contract today as it stays in line with the Feeder Cattle index. Lean Hogs traded sharply higher on Monday taking out technical resistance for the first time in over a month. Corn futures have finished higher both days this week as the grain markets await the WASDE report on Friday.

Live Cattle finished the week on a positive note after a week full of volatility and sharply lower futures. Feeder Cattle also finished the week higher after trading to the lowest levels in five months. Lean Hogs continue their downtrend this week as the cash fundamentals continue to work lower. Corn futures tested overhead resistance in the middle of the week and have returned to the bottom end of the range.

Live Cattle futures finished the day sharply lower after a positive day to start the month of November. Feeder Cattle futures fell victim to headlines surrounding the reopening of the Mexican border and the unknown that exists surrounding the situation. Lean Hogs posted new lows for the move despite the pork cutout holding steady. Corn futures lost the support from the soybean market and finished the day slightly lower.

Live Cattle futures finished the month lower following a lower cash market and a boxed beef market that has leveled out. Feeder Cattle futures turned in another volatile session today as traders fear what could come out of a meeting with Mexico on Monday. Lean Hog futures have finished higher each of the last two days as they have traded down to long term support levels. Corn futures ran into overhead resistance in the middle of the week but ended the week with the highest weekly settlement since June.

Live Cattle futures finished the day mixed after traded sharply higher in the middle of the day. Feeder Cattle futures finished sharply lower again today as traders continue to fear the re-opening of the Mexican border. Lean Hogs continue their slide lower as the pork cutout and Lean Hog index continue to fall. Corn futures have started the week on a positive note after the U.S. and China have struck a trade deal.

Live Cattle futures finished the week limit lower in most months despite higher boxed beef and a well-supported cash cattle market. Feeder Cattle futures finished limit lower for the second time this week as traders fear an opening of the Mexican border. Lean Hogs turned in a quiet week as the pork cutout fell below $100. Corn finished the week lower after an overall positive week pushed the futures above resistance levels.

Live Cattle futures have finished higher each day this week despite cattle and beef at the front of many headlines. Feeder Cattle futures continue to be supported by record cash Feeder Cattle prices. Lean Hogs finished higher across all months today after testing technical support on Monday. Corn futures finished lower today for the first time in six days after testing upside resistance.

Live Cattle futures fell victim to President Trump’s comments about the price of beef and finished the day sharply lower. Feeder Cattle futures plunged to limit lower in the first minutes of trade and spent the majority of the day there. Lean Hog futures continued their slide lower as the cash and product market continue to work lower. Corn finished the week strong with higher finishes each of the final four days.

Live Cattle futures traded through the 250.000 mark for the first time ever today while Feeder Cattle also posted a new all-time high over 380.000 this afternoon. Lean hog futures continue to move lower as the cash and product markets remain under pressure. Corn futures finished the day higher after posting new lows for the move.