Live Cattle futures finished the day lower after trading to the highest levels since the beginning of May yesterday. Feeder Cattle futures also saw profit taking today after trading sharply higher yesterday on the positive Cattle on Feed Report. Lean Hog futures have finished higher four days in a row in the most active August contract as the cash fundamentals remain stagnant. Corn futures tested new contract lows today but finished a few cents off of those levels.
With no markets tomorrow for Juneteenth, Live Cattle futures finished the day lower ahead of today’s Cattle on Feed Report and the long weekend. Feeder Cattle futures posted new highs for the move today but finished the day slightly lower. Lean Hog futures finished the day mixed with the nearby contracts finishing higher and the deferred contracts slightly lower. Corn futures finished the day lower after a good recovery from the lows yesterday.
Live Cattle futures traded sharply higher today as the managed money have become buyers due to positive outside influence. Feeder Cattle also traded higher today and traded through overhead resistance levels. Lean Hog futures finished the day mixed with the nearby contracts losing ground with a cash market that has finally cooled off. Corn futures also finished mixed but well off the highs of the day.
Live Cattle futures finished the day lower but well off of their lows as news of more plant closures hit the market and cash trade is slow to develop. Feeder Cattle futures pushed through overhead resistance yesterday but finished the week lower after a big recovery from the lows set a week ago. Lean Hog futures posted new lows for the move this morning but reversed course and finished the day higher. Corn futures traded to new contract lows this morning but finished the day higher despite crude oil trading sharply lower.
Live Cattle futures recovered nicely late in the day to finish above key chart support areas. Feeder Cattle futures tested both bottom side support and overhead resistance as the CME Feeder Cattle index continues to work higher. Lean Hog futures posted new lows for the move today and are now near contract lows. Corn futures could not hold the early gains from this morning and finished the day mixed.
Live Cattle futures finished the week slightly higher but well off of their highs for the day. Feeder Cattle futures traded nearly $23.000 off of their low’s from yesterday but finished nearly $5.000 off of the highs they set this morning. Lean Hogs finished lower each of the past two days as the complex failed at the 20-day MA again. Corn futures finished lower each day this week as the July contract lost nearly 30 cents with the funds continuing to exit their long positions.
Live Cattle futures traded lower the entire day as the Feeder Cattle futures weighed on the complex. Feeder Cattle futures also traded lower all day as Screwworm rumors circulate and Secretary Rollins again addressed the situation. Lean Hog futures began the day sharply lower but found support and finished the day higher as the cash fundamentals remain supported. Corn futures posted new lows for the move and traded to the lowest levels since February today as extended forecasts do not look threatening.
Live Cattle futures finished the week lower as cash trade has been slow to develop and is lower than a week ago. Feeder Cattle futures had another volatile week and could not fill the gap that was left last week. Lean Hog futures finished the week near their lows and failed to find buying as the managed money continues to exit the complex. The nearby Corn futures traded to the lowest level in nearly three months today as crude oil futures worked lower all week. Reminder: CME Live and Feeder Cattle limits change on Monday, June 1.
Live Cattle futures finished the day mixed after two-sided trade throughout the entire day. Feeder Cattle futures also traded on both sides of steady and continue to look for direction with a poor technical picture. The deferred Lean Hog futures have now finished lower eight days in a row as the managed money have become sellers of the contract. Corn futures traded lower the entire day and have returned to important technical support areas.
Live Cattle futures traded higher the majority of the day but remain in the same trading range that has been set for three weeks. Feeder Cattle futures pushed to new highs for the move as the CME Feeder Cattle index continues to move higher. Lean Hogs finished the day higher as the pork cutout remains at historic levels for December. Corn futures have now finished lower three days in a row after posting new highs for the month of December at the end of last week.
Live Cattle finished with a small weekly loss following another week of steady cash trade. Feeder Cattle futures finished the week higher as the Feeder Cattle index continues to work higher. Lean Hog futures fought off a bearish Hogs and Pigs Report in the middle of the week and remain near their highs of the month. Corn futures posted new highs for the month this morning as the technical picture continues to improve.
Live Cattle futures finished the day lower as cash trade has been stagnant and slow to develop. Feeder Cattle futures also finished lower despite the CME Feeder Cattle index being quoted higher for the ninth day in a row. Lean Hogs finished the day slightly higher, but did push to new highs as traders waited for this afternoon’s Hogs and Pigs Report. Corn futures finished the day slightly higher after another day with a tight range heading into the holidays.
Live Cattle futures finished the week higher following a very quiet week of cash cattle. Feeder Cattle futures finished at the highest levels since the middle of October as the Feeder Cattle index continues to push higher. Lean Hogs have been supported by a strong pork cutout market and worries of pork supplies overseas. Corn futures finished the week with a net gain after testing support levels in the middle of the week.
Live Cattle futures finished the day slightly higher as cash trade has yet to take place this week. Feeder Cattle futures were higher the entire day as the CME Feeder Cattle index continues to work higher. Lean Hog futures failed to post a new high for the move today but finished near the highs of the day. Corn futures have now finished lower three days in a row and are testing technical support levels.
Live Cattle futures ended the week lower after another week of higher cash trade and lower boxed beef prices. Feeder Cattle futures finished the week unchanged compared to last Friday as the CME Feeder Cattle index continues to work higher. Lean Hogs continue to be supported by the pork cutout and has pushed the futures to 45-day highs. Corn finished the week near its lows after this week’s friendly WASDE Report.
Live Cattle futures finished the day mostly higher as traders wait for indications as to what this week’s cash prices will be. Feeder Cattle futures trades both sides of steady before finishing slightly lower. Lean Hogs finished mostly lower breaking a four-day streak of higher closes. Corn futures found support on increased export demand in today’s WASDE Report.
Live Cattle futures surged higher to finish the week following a sharply higher cash market. Feeder Cattle futures also finished the week higher after testing technical support early in the week. Lean Hogs continue to find support surrounding the news of ASF in Spain. Corn futures bounced between resistance and support levels all week, but finished the week slightly lower.
Live Cattle futures finished the day sharply higher as feedlots are expecting a higher cash market this week. Feeder Cattle futures traded limit higher today but could not finish there as volatility remains extreme within the complex. Lean Hogs have finished lower three days in a row following the cash market lower while the cutout has found support. Corn took out overhead resistance this morning after news broke of tensions between Russia and Ukraine.
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