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Market Updates

Market Closes - January 25, 2021
January 25, 2021
Market Closes - January 25, 2021

Grain and soy complex futures closed sharply higher but only erasing part of Friday’s huge losses. Cattle futures closed mostly higher except for light weakness in the nearby contracts. Lean hog futures closed higher as the 4-day bounce continues off last week’s lows.

Market Closes - January 21, 2021
January 21, 2021
Market Closes - January 21, 2021

CBOT futures closes narrowly mixed except for a sharp rally in soybean oil futures for a second day.  Ahead of Friday’s Cattle on Feed Report, cattle futures closed higher and near the day’s highs. Beyond the February LH contract, lean hog futures closed higher with the June/July LH hitting new contract highs. 

Market Closes - January 20, 2021
January 20, 2021
Market Closes - January 20, 2021

Corn, wheat and soybean/meal futures posted sizable losses again today as prices further correct off contract highs. Cattle futures closed mixed with live cattle lower and feeders higher. Lean hog futures opened steady but rallied strongly to close much higher.  

Market Closes - January 19, 2021
January 19, 2021
Market Closes - January 19, 2021

CBOT futures closed mostly lower and near the day’s lows, with sharp losses in soybeans and soybean meal. Cattle futures closed mostly higher but well off the day’s highs that were set about an hour into trading. Lean hog futures opened near steady but quickly headed lower and finished near the day’s lows. 

Market Closes - January 14, 2021
January 14, 2021
Market Closes - January 14, 2021

CBOT futures resumed their strong rally, closing near the day’s highs and resulting in new contract high closes in corn, soybeans and wheat. CBOT futures resumed their strong rally, closing near the day’s highs and resulting in new contract high closes in corn, soybeans and wheat. Lean hog futures closed lower despite a strong pork market.

Market Closes - January 13, 2021
January 13, 2021
Market Closes - January 13, 2021

Corn, wheat, soybeans and soybean meal futures traded new contract highs during the overnight session, but closed far below those highs and near the day’s lows. Live cattle closed mixed and feeder futures made small gains. Lean hog futures closed mixed with nearby LH pressured by the February contract’s premium to the cash index.

Market Closes - January 12, 2021
January 12, 2021
Market Closes - January 12, 2021

CBOT futures closed sharply higher in response to the bullish USDA crop/S&D reports.  Cattle futures closed mixed in live cattle but sharply lower in feeder cattle due to the soaring corn price. Lean hog futures closed near steady in February LH and a dollar plus in deferred contracts. 

Market Closes - January 11, 2021
January 11, 2021
Market Closes - January 11, 2021

CBOT futures closed mostly lower with soybean meal being the exception with a contract high close up $7/ton and new contract high. Cattle futures mostly closed little changed with a downward bias, but nearby Live Cattle were pressured by last week’s steady-at-best live market ($110-112). Lean hog futures closed slightly higher except the February LH finished barely in the red.

Market Closes - January 7, 2021
January 7, 2021
Market Closes - January 7, 2021

Corn futures ended nearly unchanged but wheat and soybeans closed down mostly 4-6 cents/bushel. Cattle futures closed higher led by the feeder contracts due to the weaker CBOT. Lean hog futures closed higher except for the February contract dropping 65 cents.

Market Closes - January 6, 2021
January 7, 2021
Market Closes - January 6, 2021

Corn and soy complex futures closed stronger with new contract highs and contract high closes. Cattle futures closed mixed with live cattle slightly higher and feeder cattle down 45-90 cents. Lean hog futures closed lower with bigger losses in the nearby contracts.