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Market Updates

Market Closes - August 20, 2018
August 20, 2018
Market Closes - August 20, 2018

CBOT futures closed mostly steady, but wheat futures crashed. Corn and soybean futures were pressured by weekend rainfall. Cattle futures closed mostly lower despite a second straight day of stronger boxed beef values.  Lean Hog futures closed lower with the nearby October down a large 2.12/cwt, the result of profit-taking.  

Market Closes - August 15, 2018
August 15, 2018
Market Closes - August 15, 2018

CBOT futures closed mostly lower with wheat and soybean meal leading the way lower.  The major fundamental factors include large U.S. crops, foreign demand reduced by the tariff war, and a strong US Dollar weighing on exports. Cattle futures closed slightly higher and mid-range.

Market Closes - August 13, 2018
August 13, 2018
Market Closes - August 13, 2018

CBOT futures traded wide ranges today with the lows generally set overnight in following selling from Friday’s bearish USDA crop report.  Cattle futures closed lower.  LC and FC gapped down on the open and never traded on the positive side.  Lean Hog futures closed higher but way below the day’s highs.

Market Closes - August 9, 2018
August 9, 2018
Market Closes - August 9, 2018

CBOT futures closed lower and well off the day’s highs as traders prepare for the USDA production and supply-demand reports being released at 11 am CDT tomorrow.  Cattle futures closed moderately lower as the cash market dipped to $110/cwt today.  Lean Hog futures opened lower but immediately started to rally. By mid-morning, LH futures had rallied over $3.00 to lock limit UP.

Market Closes - August 8, 2018
August 8, 2018
Market Closes - August 8, 2018

CBOT futures closed steady to higher but little changed on the day except for the OATS contract.  Cattle futures closed slightly higher on a lack of market direction from cash trade.   The story hasn’t changed for Lean Hog futures – down we go to new contract lows.

Market Closes - August 6, 2018
August 6, 2018
Market Closes - August 6, 2018

CBOT futures closed widely mixed, from large gains in wheat to modest losses in soybeans. Corn was little changed as it was caught between the wheat and soybean markets.  Live and feeder cattle futures opened this morning steady but quickly sold off to near the day’s lows.

Market Closes - August 2, 2018
August 2, 2018
Market Closes - August 2, 2018

CBOT futures closed mixed with small price changes posted at the close. Ironically, corn and wheat closed higher, but it was near the low end of the trading range.  Cattle futures closed slightly lower with today’s trading mostly staying within Wednesday’s range. Lean Hog futures closed moderately lower, hitting new contract lows.

Market Closes - August 1, 2018
August 1, 2018
Market Closes - August 1, 2018

Optimistic trade talk lifted futures yesterday, but President Trump’s threat today of higher tariffs on Chinese imports pushed corn and soybean futures lower.  Cattle futures closed higher with Feeder Cattle outdoing Live Cattle as corn/soy futures fell about 2 percent. Lean Hog futures closed lower with the nearby August LH contract posting the largest loss.

Market Closes - July 31, 2018
July 31, 2018
Market Closes - July 31, 2018

Crop futures closed sharply higher with corn and soybean futures ending near the day’s highs. Wheat futures couldn’t maintain its gains and ended near mid-range. Live Cattle futures closed lower while Feeder Cattle posted bigger losses due to corn/bean futures moving much higher.

Market Closes - July 26, 2018
July 26, 2018
Market Closes - July 26, 2018

CBOT futures closed mixed with fairly wide trading ranges today. Following the US/EU trade announcement Wednesday afternoon, corn and soybeans gapped higher when markets opened in the evening.  Cattle futures closed much lower after trading up in the first hour of trading. This resulted in bearish outside-down days on the charts. Lean hog futures closed sharply lower after testing the higher side. Futures were pressured by a collapse in the pork cutout.