Live Cattle futures finished the day lower following the futures trend and the lower cash market the past few weeks. Feeder Cattle futures were mostly lower with the exception of the August contract that is trying to stay in line with the cash market. Lean Hogs finished lower today but remain above the 20-day MA. Corn futures followed up yesterday’s sharply higher close with good gains today as the forecast shows heat remaining and the funds were short the complex.
Live Cattle futures finished lower each day of the holiday shortened week due to a poor technical picture and a struggling boxed beef market. Feeder Cattle futures also finished lower everyday this week with Corn rebounding and Live Cattle moving lower. Lean Hogs found technical support this week following last week’s Hogs and Pigs Report. The Corn market moved higher after a neutral USDA Planted Acres Report in the middle of the week.
Live Cattle futures have finished lower three days in a row after a disappointing cash trade last week and no sign of higher cash this week. Feeder Cattle futures traded to support areas today but have failed to find any positive momentum. Lean Hog futures finished the day mixed but have rebounded nicely from the lows set a few weeks ago. Corn futures found support from a neutral Acreage Report today and are over 10 cents off the lows.
Live Cattle futures traded lower for the majority of the day as cash trade has been slow to develop this week. Feeder Cattle futures quickly lost of $9.000/cwt after edging near contract highs this week despite the CME Feeder Cattle index setting a new all-time. Lean Hog futures found slight support from the Hogs and Pigs Report and finished the day mostly higher. Corn posted new contract lows this week but finished the week nearly 10 cents off the lows.
Live Cattle futures finished the day lower after trading to the highest levels since the beginning of May yesterday. Feeder Cattle futures also saw profit taking today after trading sharply higher yesterday on the positive Cattle on Feed Report. Lean Hog futures have finished higher four days in a row in the most active August contract as the cash fundamentals remain stagnant. Corn futures tested new contract lows today but finished a few cents off of those levels.
With no markets tomorrow for Juneteenth, Live Cattle futures finished the day lower ahead of today’s Cattle on Feed Report and the long weekend. Feeder Cattle futures posted new highs for the move today but finished the day slightly lower. Lean Hog futures finished the day mixed with the nearby contracts finishing higher and the deferred contracts slightly lower. Corn futures finished the day lower after a good recovery from the lows yesterday.
Live Cattle futures traded sharply higher today as the managed money have become buyers due to positive outside influence. Feeder Cattle also traded higher today and traded through overhead resistance levels. Lean Hog futures finished the day mixed with the nearby contracts losing ground with a cash market that has finally cooled off. Corn futures also finished mixed but well off the highs of the day.
Live Cattle futures finished the day lower but well off of their lows as news of more plant closures hit the market and cash trade is slow to develop. Feeder Cattle futures pushed through overhead resistance yesterday but finished the week lower after a big recovery from the lows set a week ago. Lean Hog futures posted new lows for the move this morning but reversed course and finished the day higher. Corn futures traded to new contract lows this morning but finished the day higher despite crude oil trading sharply lower.
Live Cattle futures recovered nicely late in the day to finish above key chart support areas. Feeder Cattle futures tested both bottom side support and overhead resistance as the CME Feeder Cattle index continues to work higher. Lean Hog futures posted new lows for the move today and are now near contract lows. Corn futures could not hold the early gains from this morning and finished the day mixed.
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.
Live Cattle futures rallied to finish the day after cash trade in the North was better than expected. Feeder Cattle have gained nearly 25.000/cwt over the last six days and posted new all-time highs to end the week. Lean Hogs finished lower everyday this week as the cash market and pork cutout work lower. Corn futures followed the soybean complex lower after not being able to break through the 20-day MA.
Live Cattle futures have finished higher each of the first two days this week despite the lower cash market a week ago. Feeder Cattle are leading the entire cattle complex higher as new cases of Screwworm continue to be discovered in Mexico. Lean Hog futures have moved lower as the Lean Hog index and pork cutout have turned lower. Corn continues its sideways trade as harvest progresses and fresh news is lacking within the complex.
Live Cattle finished the week higher following another week of disappointing cash trade and lower boxed beef markets. Feeder Cattle finished the week above technical resistance areas after a slight recovery on Friday. Lean Hogs finished the week higher after four straight days of lower markets. Corn rebounded mid week but failed at technical resistance today.
Live Cattle futures followed the Feeder Cattle complex higher as cash trade has not been established this week. Feeder Cattle finished sharply higher as Corn continues to trade lower and cash Feeder Cattle remain at a premium to the futures. Lean Hogs finished the day lower for the second straight day after failing to post new highs on Monday. Corn futures moved lower as the USDA revised their 2024 production estimates higher in this morning’s Quarterly Stocks Report.
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