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Market Updates

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.  

Market Closes - April 13, 2020
April 13, 2020
Market Closes - April 13, 2020

CBOT futures closed mostly lower to steady. The entire soy complex led the market to the downside.  Cattle futures closed down the daily limit of $3.00 in Live Cattle and $4.50/cwt in Feeder Cattle. Except for the soon-to-expire April LH contract, lean hog futures closed sharply lower with May and June LH locking down the daily $3.75 limit. 

Market Closes - April 9, 2020
April 9, 2020
Market Closes - April 9, 2020

CBOT futures closed steady to strongly higher following today’s USDA WASDE Report. Live cattle closed lower beyond the April contract and feeder cattle futures finished mixed. Beyond the soon-to-expire April LH contract, lean hogs closed sharply lower in unusually narrow trading ranges.

Market Closes - April 8, 2020
April 8, 2020
Market Closes - April 8, 2020

CBOT futures closed mostly narrowly mixed ahead of tomorrow’s monthly supply-demand report.  Both live cattle and feeder cattle futures closed sharply higher, adding to Tuesday’s limit-up moves. Lean Hog futures closed moderately lower on weakness in the cash hog and pork markets. 

Market Closes - April 7, 2020
April 7, 2020
Market Closes - April 7, 2020

CBOT futures closed widely mixed with strength in soybean oil and corn futures. Live cattle and feeder cattle futures closed up today’s $4.50 daily price limit. Lean Hog futures closed strongly higher with $3.00 limit-up moves through October LH.

Market Closes - April 6, 2020
April 6, 2020
Market Closes - April 6, 2020

CBOT futures closed narrowly mixed with 2% losses in soybean meal pressuring soybean and corn futures. Live cattle fell sharply in the nearby April LC (limit down) but the deferred contracts made strong gains. Lean Hog futures closed $1-4/cwt higher on technical buying and short-covering. 

Market Closes - April 1, 2020
April 2, 2020
Market Closes - April 1, 2020

CBOT futures closed mostly lower led by KC Wheat. Futures rallied in the 9:00 a.m. CT hour when crude oil futures soared.  Cattle futures gapped lower on the open and closed down the expanded limit of $4.50 in LC and $6.75 in FC.  Lean hog futures also gapped lower and closed down the daily limit of $4.50/cwt.

Market Closes - April 1, 2020
April 1, 2020
Market Closes - April 1, 2020

CBOT futures closed sharply lower and near the day’s lows. Futures were pressured by bearish outside markets (equities, energy) and aggressive selling by the speculative funds. Cattle futures closed down the daily price limit as boxed beef values continue to slide lower and cash cattle prices traded $112, down $8/cwt from last week.

Market Closes - March 31, 2020
March 31, 2020
Market Closes - March 31, 2020

CBOT futures closed mixed but mostly in the upper portion of the day’s trading ranges. Cattle futures posted strong gains today, following three bad days of price action. Lean Hog futures closed very widely mixed with the nearby April LH losing $1.75 after 3 previous days of limit-down action.