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Market Updates

Market Closes - September 30, 2020
September 30, 2020
Market Closes - September 30, 2020

CBOT futures closed sharply higher in response to a bullish Quarterly Grain Stocks Report released at Noon EDT. Cattle futures closed lower and toward the low end of the range. Lean hog futures closed moderately higher but near the day’s highs.  

Market Closes - September 28, 2020
September 28, 2020
Market Closes - September 28, 2020

CBOT futures closed widely mixed with sizable trading ranges. Cattle futures closed slightly higher but near the top of the day’s range after opening lower.  Lean hog futures closed mixed with the October LH closing up on a very strong pork cutout.

Market Closes - September 23, 2020
September 23, 2020
Market Closes - September 23, 2020

Except for soybean meal, CBOT futures closed lower with wheat and soybean oil leading the way down. Cattle futures closed higher but remain below recent highs. Lean hog futures closed stronger in the October LH contract but slightly weaker in April 2021-forward contracts.

Market Closes - September 22, 2020
September 22, 2020
Market Closes - September 22, 2020

CBOT futures closed mixed after trading some wide ranges. Cattle futures opened higher but closed lower with feeder futures ending near the day’s lows. Lean hog futures closed higher, in the upper range, and more than erasing Monday’s losses. 

Market Closes - September 17, 2020
September 17, 2020
Market Closes - September 17, 2020

CBOT futures closed sharply higher and high-range on support from strong weekly export sales and a sizable daily soybean export sale to China.  Cattle futures closed mostly lower on weak boxed beef values and October LC’s premium to cash.  Lean hog futures closed higher with large gains in the front months. 

Market Closes - September 16, 2020
September 16, 2020
Market Closes - September 16, 2020

CBOT futures closed higher to sharply higher and at/near the day’s highs. Live cattle closed narrowly mixed and feeder futures finished to the downside. Lean hog futures closed lower as traders lose confidence that Germany’s ASF problem will benefit the U.S. greatly.

Market Closes - September 15, 2020
September 15, 2020
Market Closes - September 15, 2020

CBOT futures closed lower and near the lows of the day. Live cattle closed narrowly mixed while feeder futures gained around a dollar/cwt. Except for the $1.07 gain in the October contract, Lean Hogs closed lower.

Market Closes - September 14, 2020
September 14, 2020
Market Closes - September 14, 2020

CBOT futures closed mostly higher with the significant exception of soybean meal.  Cattle futures closed strongly higher, adding to recent gains.  Lean hog futures closed lower, but sharply lower in the October and December contracts.

Market Closes - September 10, 2020
September 10, 2020
Market Closes - September 10, 2020

CBOT futures traded steady to mostly higher ahead of Friday’s USDA crop reports. Live cattle closed slightly higher while feeder futures made bigger gains. Lean hog futures closed sharply higher, with the first 3 contracts up the daily $3.00 limit (expands to $4.50 tomorrow).

Market Closes - September 2, 2020
September 2, 2020
Market Closes - September 2, 2020

CBOT futures closed widely mixed in wide trading ranges. Cattle futures closed lower and hitting new lows for this 2-week downtrend. Lean hog futures made variably higher price gains today.