Live Cattle broke out to a new high on Thursday last week. However, the Friday candle is bearish and points to a retest of the breakout point.
Sidwell Strategies CommodityBuzz now in 8th year
Strong rallies for cattle fail while a new low for hogs leads to a recovery bounce
Live cattle futures closed with most contracts down anywhere from a nickel to $1.40 and Feb up 45 cents. Cash trade this week was reported at $196-197 in the South and $200 in the North. This morning’s...
Lean hog futures closed with contracts steady to 92 cents lower on Friday. The national average base hog negotiated price was reported at $79.59 on Friday afternoon, which was down 49 cents from the day...
Late Thursday, and all-day Friday, appeared to produce some spread trading. This is a way to help minimize potential adverse price fluctuation of a long position with unrealized gains.
Live cattle futures are mixed, with February up 80 cents on the cash strength and other contracts down 7 to 80 cents. Cash trade kicked off this week, with some $196-197 reported in the South and the...
Lean hog futures are trading with 2 to 52 cent losses at midday. The national average base hog negotiated price was reported at $79.69 on Friday morning. The CME Lean Hog Index was reported at $83.99 on...
Feeder Cattle Hedge and Trade Examples -October'25 and November'25 Feeders
Cattle futures ripped higher to start the year on cold weather forecasts and a strong cash trade. Are new highs next?