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Market Updates

Market Closes - February 13, 2019
February 13, 2019
Market Closes - February 13, 2019

CBOT futures closed narrowly mixed on little new fundamentals. Traders continue watch the US/China trade negotiations for direction. LC and FC futures closed lower and near the day’s lows; this is the second straight day of lower markets after LC set short-term highs on Monday. Lean Hog futures closed mixed with cash hog and pork values declining.

Market Closes - February 11, 2019
February 11, 2019
Market Closes - February 11, 2019

CBOT futures closed steady to mostly lower with 2-percent soybean oil losses dragging soybean futures down one percent. Corn futures closed lower for the fourth straight day. Cattle futures closed slightly higher and near the day’s highs. Lean Hog futures beyond the Feb/April contracts closed strongly higher.

Market Closes - February 7, 2019
February 7, 2019
Market Closes - February 7, 2019

CBOT futures closed noticeably lower, pressured by White House officials’ comments that were not as positive on a US/China trade deal as traders expected.  Cattle futures closed mixed in lackluster trade. Lean Hog futures closed lower, pressured by the negative US/China trade comments.

Market Closes - February 6, 2019
February 6, 2019
Market Closes - February 6, 2019

CBOT futures again closed narrowly mixed as traders wait for USDA’s reports on Friday which will dump data on grain stocks, crop size and demand estimates (for U.S. and the World). Cattle futures closed slightly lower after testing the positive side of unchanged. Lean Hog futures closed lower and near the day’s lows on weakness in the pork market amid heavy slaughter.

Market Closes - February 5, 2019
February 5, 2019
Market Closes - February 5, 2019

CBOT futures closed mostly steady to a couple cents higher. Futures dropped in the first half-hour of trading, but reversed higher and closed near the day’s highs.  Cattle futures closed mixed with LC mostly higher and FC lower. LC futures were supported by Monday’s huge 3.39 gain in the Choice cutout along with a minimal setback in boxed beef today.

Market Closes - January 28, 2019
January 28, 2019
Market Closes - January 28, 2019

CBOT futures closed narrowly mixed. After trading higher overnight, futures were sold aggressively after opening at 830 am CT.  Market factors today included some improvement in South American rain prospects and the upcoming Wed-Thursday US/China trade meeting. Cattle futures closed slightly higher, despite last Friday’s lower boxed beef values and $1-2/cwt lower cash cattle prices.

Market Closes - January 24, 2019
January 24, 2019
Market Closes - January 24, 2019

CBOT futures closed narrowly mixed with little new fundamentals to trade on. Weighing on the market was a stronger US Dollar and a negative comment regarding a possible China trade deal from Commerce Secretary Ross. LC and FC futures closed higher except for Feb/Apr LC, and closed near the day’s highs.  

Market Closes - January 23, 2019
January 23, 2019
Market Closes - January 23, 2019

CBOT futures closed steady to higher with wheat posting the strongest percentage gain.  With USDA HQ closed, there’s a lack of data on supply/demand and on position sizes in futures (long/short).  Cattle futures closed higher with Feeder Cattle up sharply.  Lean Hog futures closed lower on weaker cash hog and pork values.

Market Closes - January 16, 2019
January 16, 2019
Market Closes - January 16, 2019

CBOT futures closed steady to 3 cents higher, with mid-range or below closes. Today’s action eased the negative tone of Tuesday’s big losses.  Cattle futures closed higher except for nearby Feeder Cattle. February and April LC made new contract highs for the second day in a row.  

Market Closes - January 15, 2019
January 15, 2019
Market Closes - January 15, 2019

CBOT futures traded higher Monday evening and overnight, but the good times ended as traders woke up this morning.  Selling in corn and soybeans continued right into the final minutes, putting the settlement prices at/near the day’s lows. Cattle futures closed narrowly mixed, except for the strong gains in Feb and Apr Live Cattle, both of which moved to new contract highs.