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Market Updates

Market Closes - September 20, 2017
September 20, 2017
Market Closes - September 20, 2017

CBOT futures closed higher today following Tuesday’s losses. Futures firmed overnight on short-covering with early morning gains favoring soybean futures on export sales announcements.  Live cattle and feeder cattle futures soared today with futures rallying steadily after opening near unchanged from Tuesday’s close.

Market Closes - September 12, 2017
September 12, 2017
Market Closes - September 12, 2017

Corn and soybean futures closed moderately lower in response to a bearish USDA Crop Production Report. USDA’s estimated yields and production increased from last month’s estimates.  Cattle futures closed lower on profit-taking as October LC futures were a couple dollars above recent cash trades.

Market Closes - September 11, 2017
September 11, 2017
Market Closes - September 11, 2017

CBOT futures closed mixed with minimal changes as traders prepared for tomorrow’s USDA crop reports. Cattle futures closed mostly higher with little news to move the market.  Lean Hog futures closed lower on trade expectations for weaker cash markets.

Market Closes - August 22, 2017
August 22, 2017
Market Closes - August 22, 2017

Corn and wheat futures closed moderately lower and at/near the day’s lows; the overnight price strength quickly faded during the day session.   Cattle futures closed mostly very strong and near the day’s highs as short-covering pulled prices off the recent lows.

Market Closes - August 17, 2017
August 17, 2017
Market Closes - August 17, 2017

Corn and wheat closed lower, while the soy complex managed 1 percent gains. Traders generally think the forecasted weather will have minimal impact on production.  Another rough day for cattle futures with roughly $2/cwt losses. Futures opened steady but weakness in light cash trade ($110) and the boxed beef market weighed on the market.

Market Closes - August 16, 2017
August 16, 2017
Market Closes - August 16, 2017

Although CBOT futures opened generally near steady, the closing prices were mostly lower except for MGEX wheat. Futures were pressured by non-threatening weather and technical selling as corn and wheat futures fall to new lows.  Cattle futures closed lower with feeder cattle down sharply which erased yesterday’s huge gains.

Market Closes - August 14, 2017
August 14, 2017
Market Closes - August 14, 2017

CBOT futures closed mixed but generally near the day’s highs. Futures traded lower overnight but managed to recover during the day session.   Live cattle closed lower and feeder futures ended higher. Traders have expected cash prices to weaken but last week’s average was $115/cwt. 

Market Closes - August 10, 2017
August 10, 2017
Market Closes - August 10, 2017

CBOT futures closed sharply lower and at the day’s lows following bearish USDA reports showing larger-than-expected corn and soybean yields, along with growing World carryout forecasts.  Cattle futures closed lower with sharper losses in the Live Cattle market due to follow-through selling off yesterday’s big losses.

Market Closes - August 8, 2017
August 8, 2017
Market Closes - August 8, 2017

CBOT futures closed mixed with minimal changes as weather outlooks are stable and traders prepare for Thursday’s USDA WASDE and crop production estimates.   Cattle futures closed slightly lower after trading both sides on only light cash cattle trading.

Market Closes - August 3, 2017
August 3, 2017
Market Closes - August 3, 2017

CBOT futures closed lower with soybeans dropping sharply on continued improved weather forecasts.   Cattle futures closed higher, extending the gains posted on Wednesday. This week’s better-than-expected cash price of $116-117 has supported futures.    Lean Hog futures closed mixed with small price changes.