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Market Updates

Market Closes - May 26, 2016
May 26, 2016
Market Closes - May 26, 2016

Trading at the CBOT was interesting today with wide trading ranges and a change in market leadership.  Futures were led higher overnight by the soy market, but when trading reopened at 830 am, futures fell abruptly.  Cattle futures closed strongly higher after trading lower during the first 1.5 hours.  Lean Hog futures also closed higher with June LH up for the third straight day.

Market Closes - May 25, 2016
May 25, 2016
Market Closes - May 25, 2016

CBOT futures closed steady to sharply higher with the market led higher by July Soybean Meal and soybean futures.  Cattle futures closed mostly higher in a fairly narrow trading range day.  Lean Hog futures closed higher with late-day strength, supported by stronger pork values.

Market Closes - May 24, 2016
May 24, 2016
Market Closes - May 24, 2016

CBOT futures closed mixed with new-crop soybeans losing the most. Morning market strength eventually gave way to selling after lunch.  Cattle futures closed lower, adding to the sharp losses posted Monday when some contracts were down the daily limit due to last Friday’s bearish Cattle on Feed Report.

Market Closes - May 18, 2016
May 18, 2016
Market Closes - May 18, 2016

CBOT futures closed mixed as traders anticipate how weather will impact planting progress and the acreage mix.  Commodity futures were impacted today by a stronger US Dollar that resulted from the release of the FOMC meeting minutes which suggests the FED could raise key interest rates in June if economic signals remain positive. Lean Hog futures closed lower with a 2 percent loss in the nearby June LH contract.

Market Closes - May 17, 2016
May 17, 2016
Market Closes - May 17, 2016

CBOT futures closed higher with a big jump in soybean and soymeal futures. Strong commercial demand for soybean meal along with aggressive buying from the speculative funds is fueling this rally.  Cattle futures closed higher like yesterday with the best gains coming in Feeder Cattle futures.

Market Closes - May 16, 2016
May 16, 2016
Market Closes - May 16, 2016

Trading at the CBOT was uneventful with closing prices little changed from Friday. Except for the nearby June Live Cattle contract, cattle futures closed higher with Feeder Cattle leading the way higher.  Lean Hog futures closed higher in the summer contracts and lower in the deferred ones (lost it in last 5 minutes of trading).

Market Closes - May 12, 2016
May 12, 2016
Market Closes - May 12, 2016

CBOT futures closed mixed from sharply higher prices for corn and wheat to lower prices for soybeans and soybean oil.  Cattle futures closed lower with severe losses in the Feeder Cattle. Cattle rallied in the morning on a strong cash cattle market – up $5-7/cwt from last week.  Lean Hog futures closed little changed after trading higher early on stronger cash hog and pork values.

Market Closes - May 11, 2016
May 11, 2016
Market Closes - May 11, 2016

CBOT futures closed slightly lower as yesterday’s USDA Report-based bullish enthusiasm waned and some profit-taking kicked in. Cattle futures closed lower after trading higher most of the morning.  Lean Hog futures closed sharply higher except for the expiring May LH contract (which is already at a premium to cash hog price).

Market Closes - May 10, 2016
May 10, 2016
Market Closes - May 10, 2016

Soybean and meal futures soared today following release of a bullish WASDE report at midday. Corn ending stocks estimates came in smaller than the trade expected, so corn futures also found strong buying interest.  Cattle futures closed little changed after Monday’s huge rally.

Market Closes - May 9, 2016
May 9, 2016
Market Closes - May 9, 2016

CBOT futures closed sharply lower on traders prepare for Tuesday’s crop production (wheat) and Supply-Demand updates. Cattle futures soared today following last week’s strong technical action after Live Cattle futures charted a double-bottom in late April. ?