Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Live cattle futures posted 70 to 97 gains across the front months on Friday. Cash trade has been slower this week, with some Southern action at $182, down $1-2, with the North steady at $184. The Central...
Lean hog futures closed with 5 to 37 cent gains on Friday. The national average base hog price was reported at $76.64 on Friday afternoon, up 9 cents from the Thursday afternoon report. The CME Lean Hog...
Futures traders remain overly cautious to push basis to a level for which producers may pounce on. Increased beef production, while cattle production decreases, has been the feat of the year.
The Soybeans were kept in check by the shorts, as the Cattle Markets were higher, but did not look good.
Corn and soybean futures traded significant resistance. Can the markets breakout and keep going?
Agricultural Prices - 2024-08-30
Lean hog futures are trading 45 to 70 cents higher on Friday so far. The national average base hog price was reported at $76.78 on Friday morning, up 23 cents from the Thursday afternoon report. The CME...