Live Cattle futures finished the day higher following a sharply higher boxed beef market this morning. August Feeder Cattle finished the day lower while the rest of the complex finished higher. Lean Hog futures traded to new lows for the move but recovered nearly half of the early losses. Corn futures traded to the highest levels since May but ended the day lower.
Live Cattle futures recovered late in the day following the announcement from Tyson Foods of more plant closures that pressed the market lower. Feeder Cattle futures also traded to their daily highs in the final minutes of the day but finish the week with big losses. Lean Hog futures finished lower for the second day in a row and traded to the lowest levels since the beginning of July. Corn futures found support from this week’s WASDE Report and traded to the highest level in three weeks.
Live Cattle futures finished the day mixed as the market awaits cash trade this week. Feeder Cattle futures finished higher with the exception of the August contract with the Feeder Cattle index falling lower. Lean Hogs finished lower today despite the pork cutout finding support. Corn futures traded to the lowest level in over a month as traders await tomorrows WASDE Report.
Live Cattle futures recovered from large losses in the middle of the day to finish the day mixed. Feeder Cattle futures finished the day higher following the Feeder Cattle index which is now at the highest level in three weeks. Lean Hog futures tested contract lows today but ended the day mostly higher. Corn futures lost the momentum from the overnight session and finished the day steady as traders continue to monitor weather.
Live Cattle futures finished the day with modest gains as the technical picture looks better along with the thought of higher cash this week. Feeder Cattle futures finished the day higher as the Corn market was lower and the Feeder Cattle index has begun to work higher. Lean Hog futures have traded sideways for three days after plunging lower for two days last week. Corn futures started the week higher but lost most of those gains today as the radar shows precipitation across much of the Corn Belt.
Live Cattle futures finished higher each of the final four days this week and the cash market was supported for the first time in over a month. Feeder Cattle futures finished the week higher after beginning the week under pressure due to the future opening of the Mexican border. Lean Hog futures saw big losses in the middle of the week but finished the week with decent gains. Corn futures finished lower four days this week and fell below technical support areas at the end of the week.
Live Cattle futures finished the day sharply higher after trading lower with the Feeder Cattle futures yesterday. Feeder Cattle futures were sharply higher in the nearby contracts but lower in the deferred as traders price in more supply in the future with the opening of the Mexican border. Lean Hog futures finished the day with good gains after trading sharply lower on Monday. Corn futures rebounded today after the grain complex as a whole felt pressure to start the week.
Live Cattle futures traded on both sides of steady today in anticipation of today’s Cattle on Feed and Cattle Inventory Reports. Feeder Cattle futures started the day sharply higher but traded lower in the late morning and ended the day with decent gains. The Lean Hog complex finished higher each of the final two days this week as the pork cutout posted new recent highs this week. Corn futures fell victim to a lower wheat market earlier this morning but shrugged that off late in the day and finished mixed.
Live Cattle futures finished lower every day this week as cash trade was sharply lower and boxed beef struggles to hold steady. Feeder Cattle futures faced a higher Corn market and lower Live Cattle futures, and ended the week lower. Lean Hogs finished the week with good gains as the cash fundamentals begin to work higher. Corn futures finished the week with good gains with plenty of news from around the world supporting the complex.
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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