Live Cattle futures finished the day mixed as cash trade has yet to develop and outside influences have created headwinds. Feeder Cattle futures finished the day higher, breaking a three-day losing streak. Lean Hog futures have now finished higher six days in a row and have recovered over half of the losses from the beginning of the month. Corn futures posted new highs for the move yesterday but have been unable to find additional support since.
Live Cattle futures finished the day lower ahead of today’s Cattle on Feed Report. Feeder Cattle futures also finished lower despite the CME Feeder Cattle index posting a new all-time record high. Lean Hog futures finished higher each day this week as the cash fundamentals continue to be supported. Corn futures have found support from the wheat market the last three days and finished the week on a positive note.
Live Cattle futures opened higher and stayed higher all day due to the higher cash market last week. Feeder Cattle futures found support from the Live Cattle complex along with the lower Corn market. Lean Hogs broke their seven day losing streak after moving near support levels. Corn futures finished the day sharply lower as supplies continue to be more than adequate.
Live Cattle futures finished slightly higher in the February contract with the steady to higher cash market while the deferred contracts finished slightly lower. Feeder Cattle futures could not hold their gains from early this morning and finished the day mixed. Lean hogs have now finished lower for seven straight days as the managed money liquidated long positions. Corn futures tested technical support this week and ultimately finished the week higher after Tuesday’s neutral WASDE Report.
Live Cattle futures traded on both sides of steady today as traders wait for the cash market to get started this week. Feeder Cattle futures saw more pressure in the nearby contracts as the CME Feeder Cattle index has not been able to push into new all-time highs. Lean Hogs finished lower for the fourth consecutive day after posting new contract highs last Wednesday. Corn futures finished slightly higher after the USDA added export demand in today’s WASDE Report.
Live Cattle futures traded sharply higher today as the cash market continued to work higher, but gave up a large portion of the gains late in the day. Feeder Cattle futures also traded sharply higher this morning but finished with minimal gains. Lean Hogs finished the day mixed after trading to near their contract highs. Corn futures posted new highs for the move this morning but lost support from the Soybean market and finished the week lower.
Live Cattle futures pushed to new highs for the move today due to fund buying in anticipation of a higher cash market. Feeder Cattle futures could not post new highs today but finished the day higher as the CME Feeder Cattle index approaches record highs. Lean Hogs posted new contract highs today across most of the complex as the cash markets continue to be supported. Corn futures finished the day higher and are now testing overhead resistance.
Live Cattle futures finished the day mixed with the front month higher and the deferred contracts sharply lower despite a higher cash market this week. Feeder Cattle futures struggled all day and finished sharply lower on what looked like end of the month profit taking. Lean Hogs finished slightly lower after posting new contract highs this week. Corn futures bounced off of their lows today but posted new lows for the week this afternoon.
Live Cattle futures finished the day slightly lower as cash trade has yet to be established and boxed beef has been supported. Feeder Cattle futures recovered nicely today as the cash market remains strong. Lean Hogs posted new contract highs across most contracts today with the cash fundamentals continuing to work higher. Corn futures have failed to find follow-through this week as the market continues to digest the large supplies of U.S. Corn.
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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