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 week slightly higher but well off of their highs for the day. Feeder Cattle futures traded nearly $23.000 off of their low’s from yesterday but finished nearly $5.000 off of the highs they set this morning. Lean Hogs finished lower each of the past two days as the complex failed at the 20-day MA again. Corn futures finished lower each day this week as the July contract lost nearly 30 cents with the funds continuing to exit their long positions.
Live Cattle futures traded lower the entire day as the Feeder Cattle futures weighed on the complex. Feeder Cattle futures also traded lower all day as Screwworm rumors circulate and Secretary Rollins again addressed the situation. Lean Hog futures began the day sharply lower but found support and finished the day higher as the cash fundamentals remain supported. Corn futures posted new lows for the move and traded to the lowest levels since February today as extended forecasts do not look threatening.
Live Cattle futures finished the week lower as cash trade has been slow to develop and is lower than a week ago. Feeder Cattle futures had another volatile week and could not fill the gap that was left last week. Lean Hog futures finished the week near their lows and failed to find buying as the managed money continues to exit the complex. The nearby Corn futures traded to the lowest level in nearly three months today as crude oil futures worked lower all week. Reminder: CME Live and Feeder Cattle limits change on Monday, June 1.
Live Cattle futures finished the day mixed after two-sided trade throughout the entire day. Feeder Cattle futures also traded on both sides of steady and continue to look for direction with a poor technical picture. The deferred Lean Hog futures have now finished lower eight days in a row as the managed money have become sellers of the contract. Corn futures traded lower the entire day and have returned to important technical support areas.
Live Cattle futures fended off the sharply lower Feeder Cattle market the last two days but still finished with significant losses on the week. Feeder Cattle futures traded to the lowest levels since March today after losing over $20.000/cwt the past two days. Lean Hog futures moved to the lowest levels since December as the cash and cutout markets remain stagnant. Corn futures finished the day slightly higher heading into the three-day weekend.
Live Cattle futures finished the day higher after boxed beef was significantly higher at mid-day. Feeder Cattle futures were the leader of the cattle complex and finished sharply higher after testing downside support lines this morning. Lean Hogs finished lower for the fourth day in a row and posted new lows for the move. Corn futures finished the day lower after opening the week sharply higher on optimism surrounding trade with China.
Cash cattle traded to new all-time highs this week while the futures market failed to move sharply higher with outside factors keeping the futures in check. Feeder Cattle futures turned in an extremely volatile week while the CME Feeder Cattle index has slipped lower. Lean Hog futures posted new lows for the move this week then found overhead resistance while the cash fundamentals remain solid. Corn futures finished sharply lower each of the final two days this week as news from China dominates the headlines.
Live Cattle futures have traded to big losses this week as President Trump considers reducing tariffs on imported beef. Feeder Cattle futures continue to trade with extreme volatility and huge daily ranges as both Live Cattle and Corn have affected the complex. Lean Hog futures set a new yearly low today as the managed money continues to liquidate their long position. Corn has finished higher the past three days and found support from the wheat market today following today’s WASDE Report.
Live Cattle futures posted new all-time contract highs today as boxed beef continues its move higher. Feeder Cattle futures also moved sharply higher today as the CME Feeder Cattle index has moved to new records. Lean Hog futures pushed through overhead resistance to begin the week and continued that momentum today. Corn could not hold the gains from the beginning of the week and finished the day lower.
Live Cattle futures posted new contract highs this week after another week of lack luster cash trade. Feeder Cattle futures posted a new all-time high on Friday as the cash markets continue to post new records every day. Lean Hogs traded through technical resistance as the cash market remains well above the current futures market. Corn had a strong finish this week as all eyes were on the ProFarmer crop tour and their yield results.
Live Cattle traded higher for most of the day today but could not continue to upward momentum. Feeder Cattle futures posted a new contract high as fund buying continues. Lean Hogs ran into overhead technical resistance and finished lower across most months. Corn also ran into overhead resistance as ProFarmer finds good yields on their tour.
Live Cattle finished the week sharply higher after another week of disappointing cash trade. Feeder Cattle futures found support on comments from the USDA that there is no timeline for the reopening of the Mexican border. Lean Hogs finished the week higher after a three day slide lower. Corn posted a new contract low this week before rebounding and finishing nearly unchanged on the week.
Live Cattle futures finished sharply higher after the mid-day boxed beef report showed a sharp increase in prices. Feeder Cattle enjoyed a sharply lower corn market and traded back to within $3 of contract highs. Lean Hogs finished the day slightly lower as the cash market was quoted lower this morning. Corn futures were under heavy pressure as the USDA confirmed a massive crop for 2025 in the their monthly WASDE report.
Live Cattle futures finished the week sharply lower as the cash market did not meet early-week expectations and fund liquidation took place. Feeder Cattle futures finished the week limit lower on unconfirmed rumors of screwworm being found in the Oklahoma. Lean Hogs failed to hold the big gains seen early in the week and finished the week mixed. Corn posted a new contract low this week before rallying 15 cents, but could not hold onto all of those gains on Friday.
Live Cattle surged higher on Tuesday on fund buying. The August contract posted a new contract and all-time high as expectations for cash this week are higher. Feeder Cattle also posted new contract and all-time highs as the futures continue to follow the record cash market. Lean Hogs have strung together five higher days in a row on technical buying and good pork demand. Corn futures have failed to find support and have posted new contract lows both days this week as we are moving closer to harvesting a monster crop.
Live Cattle futures posted new all-time highs this week before falling lower on Thursday. Cash cattle traded higher again this week and helped the futures rebound to close the week. Feeder Cattle also corrected lower but the CME Feeder Cattle index posted a new record high on Friday. Lean Hogs recovered nicely on Friday despite the pork cutout moving lower. Corn continues to fail to find any traction as traders continue to price in a massive U.S. corn crop.
The Live Cattle complex posted new contract and all-time highs today as the futures market remains discounted to the cash market. Feeder Cattle also posted new all-time highs as climbing cash prices and the lower corn market have given the funds a reason to add to their long position. Lean hogs traded sharply lower today on technical selling and a stagnant pork cutout. Corn continued its lower trade as U.S. Corn production looks to be large.
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