Newsroom

Market Updates

Market Closes - August 1, 2019
August 1, 2019
Market Closes - August 1, 2019

Grain futures followed the lead of the financial markets in dropping sharply as news broke that President Trump will place a new 10% tariff on $300 billion of Chinese products effective September 1.  Live Cattle futures closed higher, recovering much of yesterday’s losses. LC ignored the negative news and price action in many other ag futures and the US financial markets.  Lean Hog futures beyond the nearby August LH closed sharply lower, adding to yesterday’s limit-down losses.

Market Closes - July 31, 2019
July 31, 2019
Market Closes - July 31, 2019

CBOT futures closed sharply lower as technical support levels were violated – especially in corn and wheat. The negative aspect of the US/China trade talks and relatively decent weather forecasts weighed on the market.  Cattle futures closed lower for a second day as traders liquidate long positions given a lack of friendly fundamentals. Lean Hog futures fell sharply for the third consecutive day on continued long liquidation in light of the negative US/China trade talks. 

Market Closes - July 30, 2019
July 30, 2019
Market Closes - July 30, 2019

CBOT futures closed markedly lower with corn performing the worst. The China negotiations are not going well based on President Trump’s comments. Cattle futures were a mixed bag today as Live Cattle fell under pressure from yesterday’s negative chart action, but Feeder futures recovered strongly from negative early trade. Lean Hog futures closed sharply lower in follow-through selling to yesterday’s heavy losses.

Market Closes - July 29, 2019
July 29, 2019
Market Closes - July 29, 2019

CBOT futures closed mostly higher but several cents below the day’s highs. Prices are generally moving sideways without significant market-moving news.  Cattle futures closed lower today and near the day’s lows.  Lean Hog futures closed sharply lower with October LH down the daily $3.00 limit (expanded limit tomorrow).

Market Closes - July 25, 2019
July 25, 2019
Market Closes - July 25, 2019

As it did yesterday, wheat futures outperformed corn and soybeans. Corn and beans lost about one percent and closed near the day’s lows.  Cattle futures ended the day very narrowly mixed. Live cattle futures traded to new highs for the move before setting back some.  Lean Hog futures closed lower with October and December LH losing around $2.00/cwt.

Market Closes - July 24, 2019
July 24, 2019
Market Closes - July 24, 2019

CBOT futures closed mixed with wheat posting the best gains. Corn and soybeans lack significant news or fundamental changes to drive prices.  Cattle futures closed mostly higher with increases mostly 35 cents or less.  Lean Hog futures closed narrowly mixed but August and October LH hit new highs for the current rally off June lows.

Market Closes - July 22, 2019
July 22, 2019
Market Closes - July 22, 2019

CBOT futures closed significantly lower on a lack of export demand and non-threatening weather (moderate temperatures, although less rainy).  Cattle futures closed higher and near the day’s highs. Cattle were supported by ideas last week’s weakness has run its course. This was aided by Friday’s generally “price neutral” Cattle on Feed Report and the mid-year Cattle inventory report.

Market Closes - July 18, 2019
July 18, 2019
Market Closes - July 18, 2019

CBOT futures closed near steady to strongly lower. Corn and wheat dropped 2-3% and finished near the day’s lows.  Cattle futures closed lower with feeders down the most. A lack of strength in the cash fed market weighed on the market. Cattle futures closed lower with feeders down the most. A lack of strength in the cash fed market weighed on the market.

Market Closes - July 17, 2019
July 17, 2019
Market Closes - July 17, 2019

CBOT futures closed steady to mostly lower and mostly near the low end of the day’s trading ranges.  Cattle futures closed lower as prices take a breather from the 3-week rally that peaked Friday-Monday.  Lean Hog futures closed strongly higher, supported by this week’s rising cash hog and pork prices.

Market Closes - July 9, 2019
July 9, 2019
Market Closes - July 9, 2019

CBOT futures closed very mixed with corn and wheat declining and soybeans settling higher by the close. Cattle futures closed sharply higher even as boxed beef values dropped sharply. Beyond the nearby July LH contract, lean hog futures closed sharply higher to locked limit up in the Aug/Oct/Dec contracts.