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Market Updates

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.

Market Closes - July 8, 2019
July 8, 2019
Market Closes - July 8, 2019

Corn and soybean futures closed little changed after trading both sides of unchanged. No major news today to move the market. Traders are preparing for Thursday’s monthly USDA crop reports. Cattle futures closed mostly lower with Live Cattle not seeing follow-through from Friday’s move higher. Lean Hog futures fell sharply today with July LH moving to a new 12-month low; the close is barely above the contract low set last July.

Market Closes - June 20, 2019
June 20, 2019
Market Closes - June 20, 2019

Corn, soybean and soymeal futures closed strongly higher today as traders have renewed concerns that wet weather and late planting will negatively impact production. Cattle futures closed lower for a second day with feeder cattle futures losing more due to the rise in CBOT futures. Lean Hog futures closed sharply lower with the July LH making new lows for the current Apr/May/June downtrend.

Market Closes - June 19, 2019
June 19, 2019
Market Closes - June 19, 2019

CBOT futures closed lower with corn and soybeans ending 2-3 cents above the day’s lows. The move to the lows occurred in the last two hours of trading. Cattle futures closed lower as cash cattle trade is waiting for Friday’s Cattle on Feed report. Lean hog futures closed higher but remain near their 3-month lows.