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Market Updates

Market Closes - May 4, 2020
May 4, 2020
Market Closes - May 4, 2020

CBOT futures closed mixed as traders worry tensions between the U.S. and China over COVID could threaten exports. Cattle futures closed slightly higher but in the bottom half of the range.  Lean hog futures closed higher to sharply higher.

Market Closes - April 30, 2020
April 30, 2020
Market Closes - April 30, 2020

CBOT futures closed strongly higher today, led by the soybean market. Live cattle futures closed higher while feeder futures lost value. Lean hog futures closed sharply higher on rising pork values and strong weekly pork export sales.

Market Closes - April 29, 2020
April 29, 2020
Market Closes - April 29, 2020

CBOT futures closed mixed with gains in corn and beans and losses in wheat contracts.  Cattle futures closed mixed in narrow trading ranges.  Beyond the nearby May LH contract, hog futures closed lower to sharply lower in the deferred contracts. US equity markets soared today, adding to recent gains.

Market Closes - April 27, 2020
April 27, 2020
Market Closes - April 27, 2020

CBOT futures closed mostly lower to sharply lower in corn.  Beyond the nearby April LC contract, cattle futures closed higher on ideas the worst has been priced in.  Lean hog futures closed sharply higher to LIMIT UP on trader optimism that China will make large purchases.

Market Closes - April 23, 2020
April 23, 2020
Market Closes - April 23, 2020

CBOT futures closed mixed and well off the day’s highs.  Cattle futures were mostly lower, although a few contracts posted small gains. Lean hog futures closed sharply higher on soaring pork values as hog slaughter is restricted due to plant closures.

Market Closes - April 21, 2020
April 21, 2020
Market Closes - April 21, 2020

CBOT futures closed mixed as the market continues to deal with sharply lower energy futures and less feed demand as livestock slaughter is hindered by COVID labor issues.  Live cattle closed moderately lower while feeder cattle had small losses.  Lean Hog futures closed widely mixed with May and June LH higher.

Market Closes - April 20, 2020
April 20, 2020
Market Closes - April 20, 2020

CBOT futures closed widely mixed with wheat futures on the winning side. U.S. corn is 7% planted compared to 9% average. U.S. soybean planted is 2% done versus 1% average. Cattle futures closed moderately lower, and close to the day’s lows. Lean hog futures closed strongly higher with the nearer contracts leading the way.

Market Closes - April 16, 2020
April 16, 2020
Market Closes - April 16, 2020

CBOT futures closed steady to lower with closing prices near the day’s lows. Cattle futures closed higher with the April LC contract limited by light cash trade at $94-95/cwt ($105 last week).  Lean Hog futures closed lower with nearby May LH taking the hardest hit. 

Market Closes - April 15, 2020
April 15, 2020
Market Closes - April 15, 2020

CBOT futures closed mixed with corn, wheat and soybeans much lower.  Cattle futures closed mostly higher with nearby LC up $1.02/cwt.  Lean hog futures closed higher with the April LH contract expiring today down .05 to 45.60.

Market Closes - April 14, 2020
April 14, 2020
Market Closes - April 14, 2020

CBOT futures closed lower and near the day’s lows. Futures held up well overnight, but headed south after the 830 am CT reopening. Live and feeder cattle futures closed strongly higher following Monday’s limit-down moves. Lean Hog futures closed widely mixed due to uncertainty about hog plant closures.