Live Cattle futures pushed higher today on limited bullish news and a steady cash market. Feeder Cattle traded to the highest levels since the beginning of the month as cash Feeder Cattle have began to move higher again. Lean Hog futures finished the day higher in all months except April after yesterday’s Hogs and Pigs Report. Corn futures finished the week lower despite crude oil pushing back towards the highs of the range.
Live Cattle futures finished the day mixed in the nearby contracts and higher in the deferred contract as the cash market for this week is still in question and boxed beef remains near $400. Feeder Cattle futures traded to the highest levels in over two weeks but finished the day well off of the highs. Lean Hog futures continue to see long liquidation affect the market ahead of this week’s Hogs and Pigs Report. Corn futures could not hold all of their gains into the close but still finished the day in positive territory.
Live Cattle futures recovered to end the week as traders waited for cash trade for the week and this afternoon’s Cattle on Feed Report. Feeder Cattle futures were sharply lower on Thursday and recovered some of those losses today as the CME Feeder Cattle index has found support. Lean Hogs traded to the lowest levels in two months as the managed money has been exiting the complex. Corn futures finished the week with small losses after recovering from the lows set early in the week.
Live Cattle futures have opened higher both days this week as cash expectations are for higher money. The CME Feeder Cattle index was quoted higher for the first time in over three weeks today, but is now at a discount to the March futures contract. Lean Hogs have turned in a quiet start to the week while the pork cutout remains supported. Corn futures finished the day mixed after a sharply lower day yesterday as traders worry about trade relations with China.
Live Cattle futures finished the week slightly lower as end of the week profit-taking brought selling at the end of the day. Feeder Cattle futures finished mixed as the nearby contracts continue to stay in line with the current cash fundamentals. Lean Hogs finished lower each of the final three days this week despite the pork cutout pushing to new highs this week. Corn futures had a volatile week and posted highs early Sunday night as crude oil continues to trade in big ranges.
Live Cattle futures have began the week with extreme volatility as outside factors weigh on the market while the fundamentals surrounding the complex actually improve. Feeder Cattle futures have also been volatile as the Corn market and equity markets have seen big swings. Lean Hog futures posted new contract highs in the deferred contracts as the nearby contracts stay in line with the current cash markets. Corn futures turned in one of the biggest ranges in recent history yesterday as the complex continues to follow an extremely volatile crude oil market.
Live Cattle futures fought off the negative outside influences most of the week but finished sharply lower today. Feeder Cattle futures turned in one of the most volatile weeks in recent history and could not fight off the higher Corn market. Lean Hogs posted new contract highs in the deferred contracts this week as the pork cutout continues to be supported. Corn futures finally found bullish momentum and followed the crude oil market higher this week.
Live Cattle futures have been under heavy pressure both days this week but battled back to finish each day higher. Feeder Cattle futures have also had a volatile start to the week but held at some long term support levels. Lean Hog Futures finished the day mixed following the deferred contracts testing contract highs today. Corn futures have failed to solidify any direction, continuing to digest the war news and watch the crude oil markets.
Live Cattle futures finished the week sharply lower and helped move the cash trade lower. Feeder futures have erased over $18 in the last 7 sessions and finished the day at the lowest levels of the year. Lean Hog futures finished the day mixed but ended their streak of higher closes. Corn futures enjoyed the higher wheat market today and pushed to new highs for the move.
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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