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Market Updates

Market Closes - July 1, 2020
July 1, 2020
Market Closes - July 1, 2020

CBOT futures closed strongly higher led by the extended rally in corn futures tied to Tuesday’s bullish acreage report. Cattle futures closed higher and well above the day’s lows set mid-morning when corn futures were trading sharply higher.  Lean hog futures closed moderately lower as backed up hog supplies maintain pressure on the cash hog and pork markets.

Market Closes - June 29, 2020
June 29, 2020
Market Closes - June 29, 2020

CBOT futures closed steady to mostly higher with corn and winter wheat soaring. Cattle futures managed to close slightly higher as these markets continue their choppy sideways pattern.  Lean hog futures closed slightly higher after futures had dropped sharply on Friday in reaction to the bearish Hogs and Pigs Report.

Market Closes - June 25, 2020
June 25, 2020
Market Closes - June 25, 2020

CBOT futures closed mixed with corn taking it on the chin. Cattle futures closed mostly higher in relatively narrow price ranges. Lean hog futures closed from steady to $1.07 higher ahead of this afternoon’s Quarterly Hogs and Pigs Report. 

Market Closes - June 24, 2020
June 24, 2020
Market Closes - June 24, 2020

CBOT futures closed lower and near the day’s lows. Cattle futures closed slightly lower today following Tuesday’s strong gains.  Lean hog futures closed lower as traders position for tomorrow’s hog report.

Market Closes - June 23, 2020
June 23, 2020
Market Closes - June 23, 2020

CBOT futures closed mixed again today with minor price changes. Cattle futures closed higher except for the nearby June LC contract. Lean Hog futures closed strongly higher despite weaker pork cutouts. 

Market Closes - June 22, 2020
June 22, 2020
Market Closes - June 22, 2020

CBOT futures closed widely mixed with corn lower and wheat higher. Weekend rains and a lack of concern for damaging weather weighed on corn and soybeans less so. Cattle futures closed lower on lack of cash trading, long liquidation, and Friday’s Cattle on Feed Report that was considered negative. Lean hog futures closed sharply lower despite a huge 6.98/cwt gain in the pork cutout at midday.

Market Closes - June 18, 2020
June 18, 2020
Market Closes - June 18, 2020

Corn and soybeans closed about steady while KC/Chicago wheat dropped 4-5 cents. Cattle futures closed slightly lower on relatively narrow price ranges. Lean Hog futures closed slightly higher but in the upper price range.

Market Closes - June 16, 2020
June 16, 2020
Market Closes - June 16, 2020

CBOT futures closed mostly steady to sharply lower (wheat, oats, rice). Cattle futures closed higher in narrow ranges with feeders posting the biggest gains.  Lean hog futures closed sharply lower and near the day’s lows. 

Market Closes - June 15, 2020
June 15, 2020
Market Closes - June 15, 2020

CBOT futures closed narrowly mixed with futures settling closer to the day’s highs than the lows. Cattle futures closed mostly higher after opening lower in sympathy with the sharp drop in U.S. equity markets on concerns that COVID cases are rising. Lean Hog futures closed slightly higher after opening lower like most ag futures did. 

Market Closes - June 11, 2020
June 11, 2020
Market Closes - June 11, 2020

CBOT futures closed widely mixed following today’s USDA WASDE Report which did not contain any major surprises. Cattle futures closed mostly lower, albeit by relatively small amounts, and at the high end of the day’s range. Lean hog futures closed lower except for the expiring June LH contract.