Live Cattle futures fended off the sharply lower Feeder Cattle market the last two days but still finished with significant losses on the week. Feeder Cattle futures traded to the lowest levels since March today after losing over $20.000/cwt the past two days. Lean Hog futures moved to the lowest levels since December as the cash and cutout markets remain stagnant. Corn futures finished the day slightly higher heading into the three-day weekend.
Live Cattle futures finished the day higher after boxed beef was significantly higher at mid-day. Feeder Cattle futures were the leader of the cattle complex and finished sharply higher after testing downside support lines this morning. Lean Hogs finished lower for the fourth day in a row and posted new lows for the move. Corn futures finished the day lower after opening the week sharply higher on optimism surrounding trade with China.
Cash cattle traded to new all-time highs this week while the futures market failed to move sharply higher with outside factors keeping the futures in check. Feeder Cattle futures turned in an extremely volatile week while the CME Feeder Cattle index has slipped lower. Lean Hog futures posted new lows for the move this week then found overhead resistance while the cash fundamentals remain solid. Corn futures finished sharply lower each of the final two days this week as news from China dominates the headlines.
Live Cattle futures have traded to big losses this week as President Trump considers reducing tariffs on imported beef. Feeder Cattle futures continue to trade with extreme volatility and huge daily ranges as both Live Cattle and Corn have affected the complex. Lean Hog futures set a new yearly low today as the managed money continues to liquidate their long position. Corn has finished higher the past three days and found support from the wheat market today following today’s WASDE Report.
Live Cattle futures failed to find upside momentum this week despite the cash market trading higher and setting new all-time highs. Feeder Cattle futures were under pressure most of the week and have now broke some technical resistance levels. Lean Hogs posted new lows for the move today although the cash fundamentals remain somewhat supported. Corn futures traded a big range this week after matching the highs from March and then reversed lower to support areas.
Live Cattle futures were led by the deferred contracts today and finished the day sharply higher after a poor start to the week. Feeder Cattle futures were also sharply higher today after recovering back above the 20-day MA yesterday and found additional support from a lower Corn market. Lean Hogs finished the day near their highs after posting new yearly lows this morning. Corn futures were lower today after positing new highs for the move overnight as planting progress is ahead of the average pace.
Live Cattle futures posted new contract highs throughout the complex but ran out of momentum late in the day and finished lower. Feeder Cattle futures also posted new contract highs in all but the May contract, but also finished lower and at the lows of the day. Lean Hogs opened the day lower after the detection of pseudorabies in Iowa and spent most of the day lower as a result. New crop Corn futures posted new highs for the moved and posted new contract highs in the 2027 contracts today, as weather premium is added to the market alongside record demand.
June Live Cattle posted new contract and all-time highs today as the cash market is moving higher early in the week. Feeder Cattle futures are also trading back to near record levels despite the Corn market working higher. Lean hogs finished the day lower and cannot work through overhead resistance as the cash fundamentals have grown stagnant. Corn futures have been on a two-week rally and are back to the highest levels since March.
Live Cattle futures gapped higher this morning and most contracts finished right at the 20-day MA average today as the cash market worked higher late in the day. Feeder Cattle futures found support following the news that Secretary of Ag, Brooke Rollins would not be speaking in Arizona today. Lean Hog futures were supported mid-week by the higher pork cutout market, but lost that optimism later in the week. New crop Corn futures have finished higher six straight days and now have a better looking technical picture.
Live Cattle futures have finished sharply higher each of the past two sessions as cash trade in the South beat expectations. Feeder Cattle futures also finished the week strong on very thin trade with a technically oversold market. Lean Hog futures have bounced off of long term support levels and have traded through overhead resistance levels. Corn futures gained back all of last week’s losses as export demand remains very strong.
Live Cattle futures finished sharply higher in the deferred contracts while the front months struggled to stay positive. Feeder Cattle futures traded higher the majority of the day after yesterday’s limit lower finish. Lean Hog futures continue to struggle to work higher as the cash fundamentals work lower. Corn futures have held technical support levels both days this week as the market searches for news to give it direction.
Live Cattle futures finished the week lower after a week of disappointing cash trade and more negative news from the White House. Feeder Cattle opened the day limit lower but finished the day with minor losses. Lean Hogs posted a new low for the move today as there are plenty of market ready hogs available to the packers. Corn futures broke through support levels this week and finished lower the final three days of the week.
Live Cattle futures finished the day mixed as the complex waits for cash trade to take place this week. Feeder Cattle futures finished mostly lower after trading on both sides of steady the entire day. Lean Hogs finished the day lower and posted new lows for the move today as the cash fundamentals continue to deteriorate. Corn futures have finished higher both days this week after finding technical support to start the week.
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.
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