Live Cattle futures finished the week under pressure as we ended the month of October with a disappointing week of cash. Feeder Cattle futures traded limit lower late in the day today and made the technical picture look weak. Lean Hog futures posted new contract lows again this week as the cash fundamentals find no support. Corn futures have now moved over a dollar off the highs set earlier this fall, but export demand is beginning to perk up.
Live Cattle futures spent the majority of the day lower as traders are leery of a large increase in cash. Feeder Cattle futures tried to break lower this morning but ended the day near their highs as the CME Feeder Cattle index continues to work higher. Lean Hog futures posted new contract lows today after the national cash average printed nearly $8 lower yesterday. Corn futures failed to find support all day and have now finished lower 10 of the past 11 days.
Live Cattle futures finished the day mixed ahead of Today’s Cattle on Feed Report while the cash market has yet to be established. Feeder Cattle finished the day higher and capped off a week of sizable gains, trading to the highest level in over three months. Lean Hog futures posted new contract lows the past two day as the cash fundamentals continue to work lower. Corn futures finished lower four of five days this week and traded to the lowest levels since early July.
Live cattle futures continued to grind higher, supported by stronger cash trade and optimism heading into Friday’s Cattle on Feed report. Feeder cattle futures rallied on strength in Live Cattle and declining corn prices, while strong auction demand and optimism surrounding fall calf runs continued to support the market. Lean Hog futures finished mixed as sluggish cash trade, a weak cutout market, and poor producer margins continued to weigh on the complex. Corn futures recovered from early losses but remained under pressure from harvest progress, fund liquidation, and strong South American export competition, with oversold conditions potentially limiting further downside.
Live Cattle futures spent most of the day higher and traded through many chart objectives today. Feeder Cattle futures traded in a tight range today but posted new highs for the move as the nearby contract now trades above the CME Feeder Cattle index. Lean Hog futures posted new contract lows this week but recovered to finish higher each of the past two days. Corn futures tested last Friday’s low today and finished lower for the fourth day in a row.
Live Cattle futures opened the day higher but finished the day lower as cash trade for the week has not developed and not looking to be sharply higher. Feeder Cattle futures remain supported but finished the day mostly lower. Lean Hog futures could not string together two higher closes in a row as the cash fundamentals continue to work lower. Corn futures fought off the lower overnight market and traded to good gains at midday before finished nearly unchanged.
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 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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