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Market Updates

Market Closes - October 25, 2017
October 25, 2017
Market Closes - October 25, 2017

CBOT futures closed little changed but near the day’s lows. Futures moved higher overnight, but moved lower before mid-morning with soybean futures leading the market lower as it erased 8-cent gains.   Cattle futures closed mostly higher but the October and December Live Cattle contracts ended in the red and near the day’s lows.

Market Closes - October 24, 2017
October 24, 2017
Market Closes - October 24, 2017

CBOT futures closed mixed with little new information to drive the market.  Cattle futures rallied throughout the day and closed sharply higher and near the day’s highs. Prices were supported by a stronger boxed beef market and technical buying as futures moved above last week’s highs.

Market Closes - October 23, 2017
October 23, 2017
Market Closes - October 23, 2017

CBOT futures closed mostly higher, led by corn and wheat futures.  With US corn harvest at only 38%, or 21% behind average, will traders be willing to follow-through and buy more tomorrow.  Live Cattle futures opened sharply lower on Friday’s negative Cattle on Feed Report, but moved to the positive side by mid-morning.  Lean Hog futures were crushed by lower cash hog prices. 

Market Closes - October 12, 2017
October 12, 2017
Market Closes - October 12, 2017

CBOT futures closed mixed following today’s USDA crop production and supply-demand reports. The reports were bearish corn and wheat, but friendly to the soybean market.  ive cattle futures opened lower, tested this week’s highs and then sold off to close near the day’s lows. Lean Hog futures opened slightly higher but soon headed south for the rest of the day.

Market Closes - October 11, 2017
October 11, 2017
Market Closes - October 11, 2017

CBOT futures closed near steady to a few cents lower in narrow-range trading ahead of tomorrow’s USDA crop reports.  Cattle futures closed narrowly mixed on a lack of cash trade in the feedlot.  Lean Hog futures closed higher with bigger gains coming in the nearer contracts.

Market Closes - October 10, 2017
October 10, 2017
Market Closes - October 10, 2017

CBOT futures closed little changed today after trading both higher and lower given a slower-than-normal harvest pace and plentiful global supplies.  Cattle futures closed higher with Live Cattle performing better than Feeder Cattle futures. Cattle rallied until noon CT and then profit-taking kicked in.

Market Closes - October 3, 2017
October 4, 2017
Market Closes - October 3, 2017

Corn and soybean futures closed slightly lower and at/near the day’s lows due to a sell-off in the final minutes of trading. Markets were pressured in part by the widening basis and unexpectedly low cash prices in markets dependent upon river transportation.

Market Closes - October 4, 2017
October 4, 2017
Market Closes - October 4, 2017

Corn and soybean futures posted minimal changes but futures closed off the day’s lows.  Cattle futures traded higher through mid-morning, but then weakened the rest of the day and closed mostly lower and at/near the day’s lows.  Lean Hog futures followed Tuesday’s price pattern where the nearby October LH contract closed higher while most deferred futures closed slightly lower.

Market Closes - October 2, 2017
October 3, 2017
Market Closes - October 2, 2017

Corn and soybean futures closed lower and near the day’s lows.  owever, corn supplies are huge, harvest is only 17% complete, and cash basis levels are under pressure from river freight costs soaring (reported to be at 3-year high).  Cattle futures closed sharply lower and near the day’s lows.

Market Closes - September 21, 2017
September 21, 2017
Market Closes - September 21, 2017

Except for soybean oil, the major CBOT futures closed near unchanged.  Today’s strength was mostly the result of strong export sales for soybeans.  Cattle futures closed mixed after trading both sides of unchanged.  Lean Hog futures closed sharply lower as the pork cutout dropped very hard and cash hog prices are under pressure from rising numbers being harvested.