Newsroom

Market Updates

Market Closes - July 17, 2019
July 17, 2019
Market Closes - July 17, 2019

CBOT futures closed steady to mostly lower and mostly near the low end of the day’s trading ranges.  Cattle futures closed lower as prices take a breather from the 3-week rally that peaked Friday-Monday.  Lean Hog futures closed strongly higher, supported by this week’s rising cash hog and pork prices.

Market Closes - July 9, 2019
July 9, 2019
Market Closes - July 9, 2019

CBOT futures closed very mixed with corn and wheat declining and soybeans settling higher by the close. Cattle futures closed sharply higher even as boxed beef values dropped sharply. Beyond the nearby July LH contract, lean hog futures closed sharply higher to locked limit up in the Aug/Oct/Dec contracts.

Market Closes - July 8, 2019
July 8, 2019
Market Closes - July 8, 2019

Corn and soybean futures closed little changed after trading both sides of unchanged. No major news today to move the market. Traders are preparing for Thursday’s monthly USDA crop reports. Cattle futures closed mostly lower with Live Cattle not seeing follow-through from Friday’s move higher. Lean Hog futures fell sharply today with July LH moving to a new 12-month low; the close is barely above the contract low set last July.

Market Closes - June 20, 2019
June 20, 2019
Market Closes - June 20, 2019

Corn, soybean and soymeal futures closed strongly higher today as traders have renewed concerns that wet weather and late planting will negatively impact production. Cattle futures closed lower for a second day with feeder cattle futures losing more due to the rise in CBOT futures. Lean Hog futures closed sharply lower with the July LH making new lows for the current Apr/May/June downtrend.

Market Closes - June 19, 2019
June 19, 2019
Market Closes - June 19, 2019

CBOT futures closed lower with corn and soybeans ending 2-3 cents above the day’s lows. The move to the lows occurred in the last two hours of trading. Cattle futures closed lower as cash cattle trade is waiting for Friday’s Cattle on Feed report. Lean hog futures closed higher but remain near their 3-month lows.

Market Closes - June 18, 2019
June 18, 2019
Market Closes - June 18, 2019

CBOT futures closed mostly lower to near steady despite the friendly news that President Trump and China’s Xi will have an “extended” meeting during the G-20 (opportunity to advance trade negotiation). Cattle futures closed slightly higher as weak beef values and a slow cash market weigh. Lean Hog futures closed mixed with the Jly LH down 2 percent.

Market Closes - June 17, 2019
June 17, 2019
Market Closes - June 17, 2019

CBOT futures closed mostly higher, but only soybeans and soybean oil closed strongly (near the day’s highs). The overnight rally failed in corn and wheat. Cattle futures closed higher in apparent short-covering after steady selling hit market last week. Lean Hog futures closed higher on short-covering and bargain hunting following Friday’s sharp drop.

Market Closes - June 13, 2019
June 13, 2019
Market Closes - June 13, 2019

CBOT futures closed higher with corn taking the lead back from soybeans. With the rest of June looking wetter and cooler than normal, traders are more nervous about production potential this year. Cattle futures lost ground again today, especially the feeder futures which were also weighed down by the big increase in corn futures.

Market Closes - June 12, 2019
June 12, 2019
Market Closes - June 12, 2019

After trading generally sideways overnight, CBOT futures rallied soon after markets re-opened at 830 am CDT, and closed steady to sharply higher, led by the soy complex. After opening a bit higher, cattle futures sold off and closed moderately lower.  Lean Hog futures closed lower on weaker pork values and continued uncertainty about US/China trade relations.

Market Closes - June 10, 2019
June 10, 2019
Market Closes - June 10, 2019

CBOT futures closed steady to higher after starting out on the negative side. Early selling came from Friday’s bearish price action. Cattle futures closed sharply higher today, erasing last Friday’s losses and then some. The weekend settlement of the US/Mexico tariff threat seemed to bring the buyers into the market.  Lean Hog futures closed higher with big gains beyond the nearby June LH contract.