Cattle futures were back to challenging the 61.8% retracement from their LoC highs to the Dec low on Thursday. The board settled off the session highs, but still triple digits higher with gains of as much...
Front month hogs, past the Feb contract, gapped lower at the day session open and spent the whole day working in the red. At the close futures were off their daily lows but still down by 52 to 75 cents....
With the USDA report behind us, what's next for the markets?
The cattle futures market is currently $0.77 to $1.52 higher on Thursday. Feeders are also up by $0.82 to $1.80 so far. CME has no deliveries listed through Wednesday with the oldest dated long at 4/18/23....
Front month lean hog futures are trading 15 to 92 cents weaker so far, as OI continues to decline in the Feb contract. USDA’s National Average Base Hog price was listed at $64.60 for Thursday morning,...
WASDE - 2024-02-08
Grain markets are quiet in the early morning trade as traders gear up for today’s USDA report.
Front month fat cattle prices were 77c to $1.27 weaker on Wednesday, with Feb at $182.22. CME has no deliveries listed through Wednesday with the oldest dated long at 4/18/23. There were no cash trades...
Lean hog futures tried to firm up after a weak start to the week, though prices faded into the close and ended mixed within 40c of UNHC. USDA’s National Average Base Hog price increased by 92 cents to...
