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Market Updates

Market Closes - April 13, 2020
April 13, 2020
Market Closes - April 13, 2020

CBOT futures closed mostly lower to steady. The entire soy complex led the market to the downside.  Cattle futures closed down the daily limit of $3.00 in Live Cattle and $4.50/cwt in Feeder Cattle. Except for the soon-to-expire April LH contract, lean hog futures closed sharply lower with May and June LH locking down the daily $3.75 limit. 

Market Closes - April 9, 2020
April 9, 2020
Market Closes - April 9, 2020

CBOT futures closed steady to strongly higher following today’s USDA WASDE Report. Live cattle closed lower beyond the April contract and feeder cattle futures finished mixed. Beyond the soon-to-expire April LH contract, lean hogs closed sharply lower in unusually narrow trading ranges.

Market Closes - April 8, 2020
April 8, 2020
Market Closes - April 8, 2020

CBOT futures closed mostly narrowly mixed ahead of tomorrow’s monthly supply-demand report.  Both live cattle and feeder cattle futures closed sharply higher, adding to Tuesday’s limit-up moves. Lean Hog futures closed moderately lower on weakness in the cash hog and pork markets. 

Market Closes - April 7, 2020
April 7, 2020
Market Closes - April 7, 2020

CBOT futures closed widely mixed with strength in soybean oil and corn futures. Live cattle and feeder cattle futures closed up today’s $4.50 daily price limit. Lean Hog futures closed strongly higher with $3.00 limit-up moves through October LH.

Market Closes - April 6, 2020
April 6, 2020
Market Closes - April 6, 2020

CBOT futures closed narrowly mixed with 2% losses in soybean meal pressuring soybean and corn futures. Live cattle fell sharply in the nearby April LC (limit down) but the deferred contracts made strong gains. Lean Hog futures closed $1-4/cwt higher on technical buying and short-covering. 

Market Closes - April 1, 2020
April 2, 2020
Market Closes - April 1, 2020

CBOT futures closed mostly lower led by KC Wheat. Futures rallied in the 9:00 a.m. CT hour when crude oil futures soared.  Cattle futures gapped lower on the open and closed down the expanded limit of $4.50 in LC and $6.75 in FC.  Lean hog futures also gapped lower and closed down the daily limit of $4.50/cwt.

Market Closes - April 1, 2020
April 1, 2020
Market Closes - April 1, 2020

CBOT futures closed sharply lower and near the day’s lows. Futures were pressured by bearish outside markets (equities, energy) and aggressive selling by the speculative funds. Cattle futures closed down the daily price limit as boxed beef values continue to slide lower and cash cattle prices traded $112, down $8/cwt from last week.

Market Closes - March 31, 2020
March 31, 2020
Market Closes - March 31, 2020

CBOT futures closed mixed but mostly in the upper portion of the day’s trading ranges. Cattle futures posted strong gains today, following three bad days of price action. Lean Hog futures closed very widely mixed with the nearby April LH losing $1.75 after 3 previous days of limit-down action.

Market Closes - March 30, 2020
March 30, 2020
Market Closes - March 30, 2020

CBOT futures closed mostly steady to lower. The sharp fall in crude oil futures and the continuing shrinking of the ethanol industry weighed on both corn and soybean futures. Live cattle futures closed narrowly mixed except for the 2% loss in the nearby April LC. Lean hog futures closed down the expanded limit of $4.50/cwt. 

Market Closes - March 26, 2020
March 26, 2020
Market Closes - March 26, 2020

Again today, CBOT fut ures closed widely mixed with corn and soybeans near steady, while wheat contracts ended significantly lower. Cattle futures closed sharply lower with some live cattle contracts down the $3.00 limit (will be $4.50 tomorrow). Lean Hog futures also closed sharply lower to as much as limit down.