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Market Updates

Market Closes - April 23, 2018
April 23, 2018
Market Closes - April 23, 2018

CBOT futures closed mixed with limited market news to trade on. A much stronger US Dollar today weighed on commodity prices, some more than others.  Cattle futures closed up sharply with the April LC contract closing near the day’s highs and posting the best gain for LC futures. LC futures charted “gap higher” openings.  

Market Closes - April 19, 2018
April 19, 2018
Market Closes - April 19, 2018

CBOT futures closed narrowly mixed after trading around one-percent ranges. Cattle futures closed sharply lower and near the day’s lows. The nearby April LC contract posted a bearish key reversal. Lean Hog futures closed little changed and remain near the April highs.

Market Closes - April 18, 2018
April 18, 2018
Market Closes - April 18, 2018

CBOT futures closed mixed with corn and soybeans reversing Tuesday’s direction, while wheat added to its gains.  Soybean futures dropped under pressure from the weaker soybean meal market. Corn benefitted from higher ethanol futures as energy prices rose sharply. Cattle futures closed higher with the nearby April LC contract gaining nearly a dollar/cwt. 

Market Closes - April 17, 2018
April 17, 2018
Market Closes - April 17, 2018

CBOT futures closed mixed on a lack of market direction from the fundamentals. Traders are watching weather forecasts for indications of when corn planting could accelerate. Cattle futures closed mostly higher but well off the day’s highs.  

Market Closes - April 16, 2018
April 16, 2018
Market Closes - April 16, 2018

Despite a weaker US Dollar and unfavorable Corn Belt weather, corn and soybean futures could not overcome the negativity coming out of the wheat futures market.  Cattle futures had disappointing closes with small gains or losses, near the day’s lows. Lean Hog futures closed much lower despite a strong pork market today. 

Market Closes - April 11, 2018
April 11, 2018
Market Closes - April 11, 2018

CBOT futures closed lower today. CBOT futures couldn’t benefit from the stronger energy futures and weak US dollar.   Cattle futures closed mostly higher after a day with narrower trading ranges.

Market Closes - April 10, 2018
April 10, 2018
Market Closes - April 10, 2018

CBOT futures closed narrowly mixed following today’s USDA WASDE report which didn’t have any material surprises.  Cattle futures opened higher but approached the day’s lows mid-morning. Except for the nearby April LC and FC contracts, futures closed steady or lower.

Market Closes - April 9, 2018
April 9, 2018
Market Closes - April 9, 2018

Corn and soybeans closed higher, while wheat jumped over 3 percent.  Wheat was supported by short-covering by the spec funds in light of the unfavorable weather in wheat country.  Cattle futures closed mostly lower and at the low end of the day’s trading ranges.

Market Closes - April 5, 2018
April 6, 2018
Market Closes - April 5, 2018

Most CBOT futures closed sharply higher as futures continued to recover from the heavy losses seen early Wednesday.  The rally followed the pattern in the US equity markets, as buyers rushed back into the market as their worries over a trade war with China eased.  Cattle futures closed higher for the second straight day as buying followed through on yesterday’s bullish key reversals.

Market Closes - March 13, 2018
March 13, 2018
Market Closes - March 13, 2018

CBOT futures closed mixed with good trading ranges. Corn traded to new highs for 2018 but closed well off the highs in old-crop. Soybean futures were supported by strong fund buying as prices recovered for a second day following Friday’s big selloff.  Cattle futures closed mostly lower, but the nearby April Live Cattle contract ended up slightly.