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Market Updates

Market Closes - June 10, 2020
June 10, 2020
Market Closes - June 10, 2020

Ahead of Thursday’s USDA WASDE Report, CBOT futures were mostly little changed at the close. Cattle futures closed mostly lower today, pressured by falling boxed beef prices as beef production gets back close to normal. Lean hog futures also closed lower on rising pork production and weaker pork cutouts.

Market Closes - June 8, 2020
June 8, 2020
Market Closes - June 8, 2020

CBOT futures closed mixed with corn beating wheat and soybeans. Corn added to last week’s gains, making new highs for the move. Live cattle closed mixed while feeder futures mostly lost a dollar/cwt. Lean hog futures closed moderately higher on a strong pickup in hog slaughter and higher morning pork values.

Market Closes - June 4, 2020
June 4, 2020
Market Closes - June 4, 2020

CBOT futures closed mostly higher with some big moves made. Wheat and soybean futures led the market higher on supportive fundamentals. Cattle futures managed only slightly higher closes as beef values and cattle prices trend lower. Lean hog futures closed higher except for the nearby June contract.

Market Closes - June 3, 2020
June 3, 2020
Market Closes - June 3, 2020

CBOT futures closed mostly higher to steady, with soybean futures leading for a second day. Cattle futures closed steady to higher and near the day’s highs. Lean hog futures closed mixed with J/J/A lower and deferred contracts higher.

Market Closes - June 2, 2020
June 2, 2020
Market Closes - June 2, 2020

CBOT futures closed widely mixed with soybeans higher and wheat lower. Futures were generally supported by higher energy futures and a weaker dollar. Cattle futures closed sharply lower to as much as limit-down in the June Live Cattle.  Lean hog futures closed mixed but nearby June LH ended down a sharp $2.20/cwt.

Market Closes - June 1, 2020
June 1, 2020
Market Closes - June 1, 2020

After trading some really wide ranges, CBOT futures closed fairly narrowly mixed (excluding big gains in oats and rice). Cattle futures closed mostly higher except for the 3 nearby Live Cattle contracts. Lean Hog futures closed sharply lower as cash hog price and the pork cutout value dropped.

Market Closes - May 13, 2020
May 13, 2020
Market Closes - May 13, 2020

CBOT futures mostly closed lower to sharply lower as traders seemed to reassess yesterday’s USDA supply-demand estimates. Cattle futures closed sharply lower and near the day’s lows. Lean hog futures also closed sharply lower, adding to the short-term downtrend started a week ago. 

Market Closes - May 11, 2020
May 11, 2020
Market Closes - May 11, 2020

CBOT futures closed mixed and generally near the day’s lows ahead of Tuesday’s USDA WASDE Report. Cattle futures closed sharply lower with August and October LC down the daily limit. Lean hog futures closed moderately lower, continuing the trend lower seen last week.

Market Closes - May 7, 2020
May 7, 2020
Market Closes - May 7, 2020

CBOT futures mostly closed strongly higher on support from an announced corn export sale to China and rumors of their interest in soybeans.  Cattle futures closed strongly higher with June/Aug/Oct LC up the expanded daily limit of $4.50/cwt. Lean hog futures closed mostly lower today as hog slaughter continues to be down sharply – 36% below year-ago, but up 7% from last week at this time.

Market Closes - May 5, 2020
May 5, 2020
Market Closes - May 5, 2020

CBOT futures closed mostly higher by small amounts. Cattle futures closed mixed with the 2020 contracts mostly lower. Lean hog futures closed sharply lower and generally within 50 cents of the day’s lows. Milk futures closed higher for the second straight day with the June Milk contract $3.00/cwt above its April lows.