Newsroom

Market Updates

Market Closes - November 7, 2018
November 7, 2018
Market Closes - November 7, 2018

CBOT futures closed mostly lower as traders positioned themselves for tomorrow’s latest crop production estimates and US/World supply-demand estimates. Traders on average expect USDA to lower corn and soybean yield just a touch.  Live cattle futures were slightly lower beyond the nearby December LC contract which gained 67 cents.

Market Closes - November 6, 2018
November 6, 2018
Market Closes - November 6, 2018

CBOT futures closed mixed with 0-2 cent losses in corn and soybeans and 3-7 cent gains in wheat contracts. Traders are generally waiting on the election results and the updated supply-demand estimates coming Thursday.  Cattle futures closed narrowly mixed, following Monday’s sharp losses. Support came from short-covering and strength in boxed beef.

Market Closes - November 5, 2018
November 5, 2018
Market Closes - November 5, 2018

CBOT futures closed mixed with minimal price changes. Soybean futures are consolidating the big gains posted Thursday from signs that China may be more open to trade talks. Traders are generally waiting to see how tomorrow’s election turns out and to see the USDA supply-demand updates midday Thursday.

Market Closes - September 17, 2018
September 17, 2018
Market Closes - September 17, 2018

CBOT futures closed lower under pressure from harvest, rains in South America, and ongoing trade tensions with China.  Cattle futures closed narrowly mixed to follow up on Friday’s huge gains. Last week’s cash cattle trade up $3.00 versus the previous week.

Market Closes - September 4, 2018
September 4, 2018
Market Closes - September 4, 2018

CBOT futures closed mixed with wheat finishing sharply lower, but well off the day’s lows.  Live Cattle futures closed modestly higher on renewed optimism for the cash market amid ideas beef consumption was strong over Labor Day weekend. Lean Hog futures closed higher with support from a stronger pork market and optimism for cash hog prices.

Market Closes - August 30, 2018
August 30, 2018
Market Closes - August 30, 2018

CBOT futures closed steady to lower with the settlements near the day’s lows. Corn and soybean futures are holding just above contract lows as harvest of a huge crop is getting started. Cattle futures closed higher on little market news. Lean Hog futures closed lower with a sharp drop in the October LH, despite stronger pork values.

Market Closes - August 29, 2018
August 29, 2018
Market Closes - August 29, 2018

CBOT futures closed steady to higher with wheat futures posting 3-4 percent gains on talk that Russia may restrict wheat exports above a certain amount.  Live cattle futures closed higher and Feeder Cattle closed lower.  Lean Hog futures closed narrowly mixed on a lack of new fundamentals.

Market Closes - August 28, 2018
August 28, 2018
Market Closes - August 28, 2018

Given a lack of unfavorable weather to impact the final production, the CBOT closed sharply lower in corn and soybean futures.  The funds have the fundamentals and technicals going their way as we wind down August. Cattle futures opened higher, but quickly sold off to the day’s lows in the first hour of trading. A recovery the rest of the day pulled prices back to mid-range and modest losses. Lean Hog futures closed lower with the nearby October LH dropping nearly the daily $3.00 limit.

Market Closes - August 21, 2018
August 21, 2018
Market Closes - August 21, 2018

CBOT futures closed lower and near the day’s lows, pressured by large yield estimates from a private crop tour and a lack of friendly market news. Cattle futures closed narrowly mixed and generally mid-range. Recent strength in boxed beef values is supporting Live Cattle.  

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.