In my opinion, a great deal of resolve has been seen this week. A new Presidential administration, the Fed lowered rates, and cattle/beef seemingly made highs for which few were willing to pay.
Lean Hog futures are down 25 to 77 cents so far at midday. The national average base hog negotiated price was reported at $82.23 on Friday morning, an increase of $3.03 from the previous day. The CME Lean...
Live cattle futures are falling $1 to $2.25 so far on Friday, after the Thursday PM Boxed Beef print showed a collapse. Futures gapped lower at the open. Cash trade has started to kick off, with light...
WASDE - 2024-11-08
Cattle futures were contained within the previous day’s trading range and lean hogs were mixed. These are the levels to keep an eye on for Friday’s trade.
Lean Hog futures settled the Thursday session with contracts mixed, as most were up 10 to 45 cents and nearby December was down 92 cents. The national average base hog price was reported at $85.03 on Thursday...
Live cattle futures closed out the Thursday session with contracts up 42 cents to $1.20, despite weaker boxed beef movement. Cash trade has yet to see much action so far this week, with very light sales...
Live cattle futures closed out the Thursday session with contracts up 42 cents to $1.20, despite weaker boxed beef movement. Cash trade has yet to see much action so far this week, with very light sales...
Lean Hog futures settled the Thursday session with contracts mixed, as most were up 10 to 45 cents and nearby December was down 92 cents. The national average base hog price was reported at $85.03 on Thursday...
Although the open interest increases have subsided a little, the interest in the market is increasing significantly. With recognition of the situation the new long futures positions are in for live cattle,...