The rally in Soybeans started from a 61.8% retracement on the continuation chart at 1138.00.
Live cattle posted Thursday gains of a nickel to 92 cents, as boxed beef price continue to rally ahead of Memorial Day. Cash action has been quiet this week, with USDA reporting a few in the WCB at $186-190...
Lean hogs faded off of some of the midday strength, but still found solid ground to post 5 to 87 cent higher trade. USDA’s National Average Base Hog negotiated price was up 60 cents on Thursday afternoon...
Corn futures have been under pressure for the last three sessions after failing against resistance to start the week. Will support hold into the weekend or will the selling persist?
Live cattle are trading the Thursday session with $1 to $1.20 gains across most contracts at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no bids or sales...
Lean hogs are posting a $1.02 to $1.45 rally in the front months on Thursday. USDA’s National Average Base Hog negotiated price was up 40 cents on Thursday AM at 89.36. The CME Lean Hog Index was back...
Cattle futures perked up in yesterday’s trade and are knocking on the door of a breakout. These are the levels to keep an eye on in today’s trade.
Live cattle posted Wednesday gains of 7 to 40 cents across the board, following more boxed beef strength. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales...
Lean hogs settled the Wednesday session on a mixed note, as front months were down 5 to 82 cents, with the other 24 contracts steady to 27 cents higher. USDA’s National Average Base Hog negotiated price...
In my interview today with Michelle Rook on AgWeb's Markets Now I spoke about the recent move higher in wheat, soybean, and corn prices. I also discussed crude oil, interest rates, and the cattle markets....