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Market Updates

Market Closes - March 11, 2019
March 11, 2019
Market Closes - March 11, 2019

CBOT futures closed lower and near the day’s lows, with corn and wheat futures setting new contract lows. Cattle futures closed lower as traders booked profits after Friday’s strong close.  Lean Hog futures soared today, adding to Friday’s strong gains. Hog futures were supported by rising hog and pork cutouts.

Market Closes - March 5, 2019
March 5, 2019
Market Closes - March 5, 2019

And the beat goes on – corn and beans closed little changed as the China trade situation drags on with rumors of a big deal, but confirmation still days/weeks away.  Live Cattle closed mixed and Feeders were lower across the board. Lean Hog futures closed higher, posting the highest closes since February 15. 

Market Closes - March 4, 2019
March 4, 2019
Market Closes - March 4, 2019

CBOT futures closed mixed with soybeans and wheat ending near the day’s lows.Early support came from President Trump’s encouraging remark about a US/China trade deal.  Live Cattle futures closed lower, led by the nearby April LC dropping 1.20 to 128.35.  

Market Closes - February 28, 2019
February 28, 2019
Market Closes - February 28, 2019

CBOT futures closed lower and near the day’s lows.   Futures were pressured by bearish technicals, heavy deliveries against March corn and wheat futures, and no reported progress with China on trade. Cattle futures closed mostly lower with FC leading the way down.  

Market Closes - February 27, 2019
February 27, 2019
Market Closes - February 27, 2019

CBOT futures closed narrowly mixed except for oats.  News from testimony in Washington DC was negative in regards to E15 fuel rules and the China trade negotiation. Cattle futures closed mostly higher with Feeder Cattle outperforming Live Cattle.  Lean Hog futures closed mixed with little change after testing both sides.

Market Closes - February 20, 2019
February 20, 2019
Market Closes - February 20, 2019

CBOT futures closed mixed with narrow gains in corn and soybeans and sharp losses in wheat futures.  Cattle futures closed steady to slightly higher in narrow trading ranges. LC was supported by winter storms impacting feedlots and weighed down by weaker boxed beef.  Lean Hog futures dropped sharply. 

Market Closes - February 19, 2019
February 19, 2019
Market Closes - February 19, 2019

Coming out of the 3-day weekend, traders were in no mood to buy futures. Futures headed lower as soon as the 830 am bell rung; the selling continued into the close except for soybeans and meal.  Cattle futures closed higher, supported by higher midday beef values and reduced slaughter last week. Lean Hog futures closed lower with $3.00/cwt limit-down losses in the first 5 contracts. 

Market Closes - February 14, 2019
February 14, 2019
Market Closes - February 14, 2019

CBOT futures closed sharply lower and near the day’s lows. Futures were pressured by news reports indicating the US/China negotiators are far apart on key issues and that President Trump may extend the negotiations through May. Cattle futures rebounded from early morning losses to close slightly higher near the day’s highs.

Market Closes - February 13, 2019
February 13, 2019
Market Closes - February 13, 2019

CBOT futures closed narrowly mixed on little new fundamentals. Traders continue watch the US/China trade negotiations for direction. LC and FC futures closed lower and near the day’s lows; this is the second straight day of lower markets after LC set short-term highs on Monday. Lean Hog futures closed mixed with cash hog and pork values declining.

Market Closes - February 11, 2019
February 11, 2019
Market Closes - February 11, 2019

CBOT futures closed steady to mostly lower with 2-percent soybean oil losses dragging soybean futures down one percent. Corn futures closed lower for the fourth straight day. Cattle futures closed slightly higher and near the day’s highs. Lean Hog futures beyond the Feb/April contracts closed strongly higher.