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 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 lost all of their gains from the beginning of the week as cash cattle traded lower and boxed beef continues its slide. Feeder Cattle had a nice recovery to end the week as the CME Feeder Cattle index continues to be supported by record cash prices. Lean Hogs posted new contract highs today after the friendly Hogs and Pigs Report Thursday afternoon. Corn futures finished the week lower ahead of next Tuesday’s Quarterly Stocks Report.
Live Cattle futures finished Tuesday mixed as the nearby months moved above last week’s cash average in the North. Feeder Cattle futures continue to be supported by the closure of the Mexican border and the potential for government incentives to cow-calf producers to retain heifers. Lean Hogs posted new contract highs across the complex Tuesday due to the pork cutout being supported. Corn futures gained back all of Monday’s losses today after failing to take out downside support levels.
Live Cattle futures finished the week higher despite a stagnant cash market and a sharply lower beef market. Feeder cattle found support on steady cash prices and weaker corn futures. Lean Hogs posted new contract highs this week but could not carry those gains into the weekend as the pork cutout works lower. Corn futures traded into technical resistance at the beginning of the week and finished near their weekly lows.
Live Cattle futures finished the day lower, led by the front months as traders wait for cash trade to develop. Feeder Cattle were also lower today, but the front months saw limited losses as the CME Feeder Cattle index is slow to decline. Lean Hogs finished the day mixed after setting new contract highs in a few contracts. Corn traded higher the entire day and took out the first technical objective, before backing off slightly.
Live Cattle finished the week lower following the cash and boxed beef markets and technical damage ensued. Feeder Cattle could not fight off the higher Corn market today and finished sharply lower. Lean Hogs finished slightly lower after setting new contract highs this week. Corn had a very strong finish to the week and finished at levels not seen in nearly three months.
Live Cattle futures finished sharply lower today cash trade has drifted lower and boxed beef has grown stagnant. Feeder Cattle futures finished the day limit lower as technical selling pushed the market below the 20-day MA. Lean Hogs traded mixed today as the pork cutout continues to be supported by boxed beef. Corn futures traded in a narrow range as traders look toward Friday’s WASDE Report to get an update on the U.S. Corn yield.
Live Cattle futures finished lower every day this week as boxed beef and cash prices have fallen stagnant. Feeder Cattle showed a weekly loss for the first time in nearly three months as the Feeder Cattle index works sideways and feed costs increase. Lean Hog futures continue to be supported by the strong pork cutout and cash markets. Corn had a mixed week but finished in the middle of the range as many question the size of the U.S. Corn crop.
Live Cattle futures traded both sides of steady today before finishing mixed as traders weigh out the increased slaughter totals and a boxed beef market that has grown stagnant. Feeder Cattle futures traded with extreme volatility to start the week as cash Feeder Cattle continue to set new record highs. Lean Hogs posted a new high for the move as the pork cutout remains supported while the cash markets work lower. Corn futures started the week lower but finished the day on a positive note as many question whether the U.S. will actually see as big of a yield as currently estimated.
Live Cattle futures posted a new all-time high this week before deliveries and a steady cash market forced the futures to correct in the middle of the week. Feeder Cattle continue their move higher as the Feeder Cattle index surges. Lean Hogs have found support from the beef markets and have now been adding open interest as fund buying continues. Corn futures finished the week sharply higher as many begin to doubt the size of the U.S. crop.
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