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Market Updates

Market Closes - August 8, 2017
August 8, 2017
Market Closes - August 8, 2017

CBOT futures closed mixed with minimal changes as weather outlooks are stable and traders prepare for Thursday’s USDA WASDE and crop production estimates.   Cattle futures closed slightly lower after trading both sides on only light cash cattle trading.

Market Closes - August 3, 2017
August 3, 2017
Market Closes - August 3, 2017

CBOT futures closed lower with soybeans dropping sharply on continued improved weather forecasts.   Cattle futures closed higher, extending the gains posted on Wednesday. This week’s better-than-expected cash price of $116-117 has supported futures.    Lean Hog futures closed mixed with small price changes.

Market Closes - August 2, 2017
August 2, 2017
Market Closes - August 2, 2017

CBOT futures closed mixed with corn and soybeans up slightly on a recovery from Tuesday’s sharp losses. Market support came from a private crop estimate released yesterday that cut corn yield and production markedly from the USDA forecast.  Cattle futures closed strongly higher and near the day’s highs.  Lean Hog futures closed sharply higher, reversing the losses made Tuesday.

Market Closes - August 1, 2017
August 1, 2017
Market Closes - August 1, 2017

CBOT futures closed sharply lower with soybeans leading the way down. Selling was encouraged by Monday’s improved soybean crop rating (2 points) and weather forecasts for cooler temperatures and some rainfall.   Live cattle futures closed higher, supported by the big rally in feeder cattle futures.  Market support was more technical than fundamental given a lack of cash market trading.

Market Closes - July 31, 2017
July 31, 2017
Market Closes - July 31, 2017

CBOT futures closed lower with corn and soybean futures finishing near the days’ highs.  Today’s price pressure was credited to cooler weather and some forecasted rains.   Cattle futures closed mostly lower with most contracts ending mid-range. Pressure arose from a big jump in weekly slaughter last week and a pound gain in average weights.

Market Closes - July 26, 2017
July 26, 2017
Market Closes - July 26, 2017

UK Corn, Soybean and Tobacco Field Day,  7:30 a.m. CDT at UKRECC in Princeton
CBOT futures closed moderately higher and near the day’s highs.  Futures were near the day’s lows at the morning break in trading, but started a day-long rally when it reopened at 830 am.   Cattle futures closed mostly higher after trading both sides of unchanged.

Market Closes - July 24, 2017
July 24, 2017
Market Closes - July 24, 2017

CBOT futures closed lower but close to the day’s highs. Futures were pressured by less threatening weather forecasts – mainly cooler temperatures.  Cattle futures closed sharply lower in response to Friday’s bearish monthly Cattle on Feed Report.

Market Closes - July 20, 2017
July 20, 2017
Market Closes - July 20, 2017

CBOT futures closed strongly higher, led by the corn market.  Support stemmed from continued weather concerns.   Cattle futures opened steady with Wednesday’s market, tried to move higher, but quickly turned south. Losses expanded near the closing bell.  Lean Hog futures followed the pattern in cattle futures, resulting in lower closes in the nearby August and October contracts.

Market Closes - July 19, 2017
July 19, 2017
Market Closes - July 19, 2017

Corn and soybean futures closed moderately higher, but around a nickel below the day’s highs, on traders’ concern for hot, dry weather in large parts of the Corn Belt.   Despite news of an atypical BSE diagnosis in an Alabama beef cow, cattle futures closed sharply higher today. Live Cattle opened near steady while Feeder Cattle opened $1-2 lower.

Market Closes - July 18, 2017
July 18, 2017
Market Closes - July 18, 2017

CBOT futures closed mostly higher but near the lows and far below the day’s highs set overnight or very early today.  The strength was based on Monday’s crop report that showed about a 1 point drop in conditions.   Cattle futures opened lower and moved to the day’s lows within the first 90 minutes of trading.