Cattle bulls can't support futures as they break down hard on Monday
Lean hogs ended the Monday session with contracts anywhere from 42 cents higher to $1.55 lower. The USDA National Base Hog price was reported at $90.63 on Monday afternoon, down $1.18 from the previous...
Live cattle fell to start Monday as money flow was exiting the commodities, with contracts down 85 cents to $2.07. Cash action was light last week with steady sales of $190 reported in the South and $198...
Hence, long way around the barn, but don't be surprised to see a greater than $8.00 positive basis form and potentially remain that way into the end of August.
Live cattle are falling to begin the week despite a stronger start to the session, with contracts down 65 cents to $1.32. Cash action was light last week with steady sales of $190 reported in the South...
Lean hogs are trading on Monday with mixed action at midday as most contracts are down 5 to 60 cents and August up 65 cents. The USDA National Base Hog price was reported at $86.73 on Monday morning, down...
Live cattle closed mixed on Friday, with front months up 32 to 50 cent and other contracts down 17 to 42. Cash action was light with sales of $190 reported in the South, steady in the week, and $198 bids...
Lean hogs posted 50 to 75 cent losses in most contracts on Friday, with July an outlier and up 12 cents. The USDA National Base Hog price was reported at $89.45 on Friday afternoon, down $1.52 from the...
Live cattle closed mixed on Friday, with front months up 32 to 50 cent and other contracts down 17 to 42. Cash action has been light so far this week, with sales of $190 reported in the South, steady...