The cash trading this week has seemingly caused futures to run towards it, converging basis. Without expectations of higher cash, I would not expect today's gains to hold. The push to new highs in August...
Cold Storage - 2024-07-25
Livestock Slaughter - 2024-07-25
Corn and soybeans were higher in today's trade following better than expected new crop export data. These are the levels we are keeping an eye on as we head into Friday's trade.
Lean hogs are weaker so far at midday, with contracts down 10 to 55 cents. The USDA National Base Hog price was reported not reported on Thursday morning due to light volume. The CME Lean Hog Index was...
Live cattle futures are trading with midday strength, as contracts are up 50 cents to $2.35. Cash trade has been quiet this week, with Thursday’s Central Stockyards Fed Cattle Exchange auction showing...
Live cattle futures posted 15 to 60 cent higher closes in the front months, with other contracts heading home lower on Wednesday. Cash trade has yet to kick off this week, with Wednesday’s Central Stockyards...
Lean hogs posted gains of 12 to 90 cents across the nearby contracts on Wednesday. The USDA National Base Hog price was reported at $85.30 in the Wednesday afternoon summary, up 95 cents. The CME Lean...
I am planning to sell a Live Cattle calendar this week and continue to hold a long White Sugar calendar spread
Lean hogs posted gains 12 to 90 cent across the nearby contracts on Wednesday. The USDA National Base Hog price was reported at $85.30 in the Wednesday afternoon summary, up 95 cents. The CME Lean Hog...