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 started the day sharply lower but followed the higher cash market and finished the day with sizable gains. Feeder Cattle futures tested downside support this morning and finished the day with slight gains. Lean Hog futures posted new contract highs yesterday but finished the week mixed. Corn futures finished the week higher after a huge week of exports.
Live Cattle futures finished the day higher after trading mixed all day, fearing a sharply lower equity market. Feeder Cattle futures finished higher after the Screwworm rumors from last week were confirmed untrue. Lean Hog futures continue to push to new contract highs as the cash fundamentals have turned positive. Corn futures traded in a tight range today and could not take out Friday’s high.
Live Cattle futures traded lower to end the week after another week of steady cash trade. Feeder Cattle futures fell victim to Screwworm rumors and traded down to limit lower many times today despite the rumors being untrue. Lean Hogs found support from the higher cash market this week and finished higher each of the last four days. Corn futures finished higher today but will finish the week with sharp losses.
Live Cattle futures continue to follow the Feeder Cattle complex higher as cash fat cattle remain stagnant and boxed beef is lackluster. Feeder Cattle futures continue to be supported by the Feeder Cattle index and now, a sharply lower corn market. Lean Hogs traded mixed today after many contracts posted new contract highs at the end of last week. Corn futures have been under heavy pressure following yesterday’s WASDE Report that showed increased corn production for 2025.
Live Cattle futures finished the week lower as the cash market fails to find a spark. Feeder Cattle futures followed the Feeder Cattle index higher this week but could not hold all of those gains through Friday. Lean Hogs posted new highs for the move this week and many of the deferred contracts posted new contract highs despite the pork cutout moving lower. Corn futures are back to the middle of their range that began in the middle of October as traders wait for the WASDE Report Monday morning.
Live Cattle futures have traded higher to start the week as cash trade has yet to be established. Feeder Cattle futures have surged higher to start the year following the CME Feeder Cattle index. Lean Hogs finished the day mixed as the pork cutout has been stagnant for the past week. Corn futures could not hold the gains from the beginning of the day and finished slightly lower but remain range bound.
Live Cattle futures started the year sharply higher on what appears to be new fund buying entering the complex after breaking through technical resistance. Feeder Cattle futures also traded sharply higher today and have now pushed through many technical areas. Lean Hog futures traded lower in the nearby contracts while the deferred contracts continue to be supported by questions of supplies into the summer. Corn futures traded lower the majority of the day and are again testing technical support areas at the bottom of the range.
Live Cattle and Feeder Cattle both finished the week on a positive note after the higher fat cattle trade and boxed beef that continues to work higher. Lean Hogs traded lower in the nearby contracts as the pork cutout has stalled out just over $100.00. Corn finished the week lower after moving through overhead resistance.
Live Cattle and Feeder Cattle futures continue to be well-supported on the cash markets that have remained strong. This week’s Cattle on Feed Report will update the number of cattle on feed compared to a year ago, along with cattle placed and marketed in the month of April. Lean Hogs continue to set new contract highs in the deferred contracts while the nearby months follow the pork cutout. Corn found support from the wheat market today as the managed money is heavily short the complex.
Live Cattle and Feeder Cattle futures erased big gains that started the week on technical selling and fund pressure. Both cash markets remain strong and were fully steady this week. Lean Hogs found support on a higher cutout market this week, while corn futures fail to find traction with no threat to the U.S. growing season and weaker soybean and wheat markets.
Live and Feeder Cattle started the week higher as the Mexican border has been closed for all cattle imports and higher equity markets. Lean hogs found support on better trade developments with China, taking out overhead chart resistance. Corn traded to the lows from November and found technical support after a somewhat friendly WASDE report.
Live Cattle and Feeder Cattle both posted new contract and all-time record highs this week as both cash markets also set record highs. Lean hogs have fallen victim to a stagnant pork cutout in the nearby contracts as the deferred contracts hang near contract highs. Corn posted a new low for 2025 before a slight recovery on Friday. With the U.S. summer and growing season ahead of us, the funds have eliminated almost their entire long position.
Live Cattle and Feeder Cattle futures posted new contract highs before a midday selloff that was short lived. Strong fundamentals and the expectation of a higher cash market continue to entice fund buying within the cattle complex. Lean Hogs traded down to technical support levels setting up an important day tomorrow as cash fundamentals have fallen stagnant. Corn looks for any kind of bullish news as the market nears the most recent lows set back in March.
Live cattle futures posted new contract highs all the way across the board after another new record for cash cattle this week. The CME feeder cattle index posted a new record high and nearby feeder futures also posted new contract highs while the deferred contracts came close to their previous highs. Lean hogs ran into overhead technical resistance to begin the week but also found support later in the week to finish in the middle of their weekly range. Corn failed to hold support on the charts and finished the week lower due to lack of fund buying and no threatening weather to the U.S.
Live cattle traded to new contract highs on Tuesday following a higher cash market and boxed beef that has found support and risen to new highs for the year. Feeder cattle also posted new contract highs as worries about Mexican imports and a red hot cash market catch trader’s eyes. Lean hogs failed at technical resistance and closed lower both days to start the week. Corn futures fell below chart support as the U.S. weather outlook has an opening for the crop to get planted.
Cash trade is late to develop this week and has yet to take place but will be at higher money. Lean hogs rebounded after a poor export report on Thursday morning. Corn continues to struggle to fight off a lower wheat market as corn export remain strong and the summer weather is ahead of us.
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