Newsroom

Market Updates

Market Closes - July 10, 2018
July 10, 2018
Market Closes - July 10, 2018

CBOT futures closed steady to much lower with Chicago wheat leading the way down. Wheat was pressured by large supplies and strong export competition. Corn dropped on above-average crop ratings and forecasts for rain next week to keep the crop looking strong.  Live Cattle weakened in the 2018 contracts and edged higher for 2019 contracts. Feeder Cattle posted small gains as the CBOT dropped.

Market Closes - May 31, 2018
May 31, 2018
Market Closes - May 31, 2018

CBOT futures closed narrowly mixed.  Corn and soybeans made the day’s highs soon after the 830 am opening and then worked lower.  The U.S. announced several import tariffs on the EU/Canada/Mexico this morning.  Cattle futures opened higher on follow-through to Wednesday strong gains, but sold off on the import tariff news soon after the open, only to later recover some of the losses.

Market Closes - May 29, 2018
May 29, 2018
Market Closes - May 29, 2018

CBOT futures closed sharply lower after trading higher overnight. Futures were pressured early morning and then hit a couple more times as bearish news hit from outside financial markets.  Cattle futures closed mixed with the Live Cattle lower – June LC leading the way down.  Pressure stemmed from last week’s weak cash market, ending near $110/cwt.

Market Closes - May 16, 2018
May 16, 2018
Market Closes - May 16, 2018

Corn and soybean futures closed lower with the soy complex leading the way down. Corn and soybeans tried to move higher when markets reopened at 830 am CT, but heavy selling hit the market right away.  Cattle futures closed lower for the third straight day as cash feedlot prices soften, as did boxed beef prices today.

Market Closes - May 15, 2018
May 15, 2018
Market Closes - May 15, 2018

CBOT futures recovered from early morning losses to post mostly higher closes. The positive closes resulted from sharp gains in the last hour of trading. With follow-through selling from Monday’s sharp losses, cattle futures closed sharply lower. Two-day losses total $4-$5/cwt. US Treasury yields rose sharply today, which led to a marked rise in the US Dollar Index. 

Market Closes - May 14, 2018
May 14, 2018
Market Closes - May 14, 2018

CBOT futures closed mixed after spending the overnight hours lower. However, as the market opened at 830 am CT, CBOT futures rallied sharply into the 11 am hour.  Cattle futures gapped down on the open and closed sharply lower with the nearby June LC contract settling down the daily $3.00/cwt limit. The market was pressured by Friday’s disappointing cash trade.

Market Closes - May 10, 2018
May 10, 2018
Market Closes - May 10, 2018

CBOT futures closed mixed following the midday USDA report which updated their supply/demand estimates for 17/18 and 18/19. Cattle futures closed higher and near the day’s highs, which were in the last half-hour of trading. June Live Cattle was very strong today, trading to a new high for this April-May rally and closing at its highest level since March 22.

Market Closes - May 9, 2018
May 9, 2018
Market Closes - May 9, 2018

CBOT futures tried to move higher early but closed steady to lower except for soybean oil. Futures generally traded similar to Tuesday’s market, stabilizing after Monday’s sharp price drop. Cattle futures moved higher after the opening but spent the rest of the day working lower. Lean Hog futures closed mixed with weaker cash hog prices and a bounce in the pork cutout.

Market Closes - May 1, 2018
May 1, 2018
Market Closes - May 1, 2018

After trading steady to lower overnight, futures moved sharply higher when trading reopened at 830 am CT and closed near the day’s highs. CBOT futures rallied despite a big .7% gain in the US Dollar Index and a sharp drop in energy futures.  Live Cattle futures opened a little higher but quickly headed lower and made the day’s lows by 10:30 am.

Market Closes - April 30, 2018
April 30, 2018
Market Closes - April 30, 2018

CBOT futures closed widely mixed with Chicago Wheat soaring and old-crop soybeans sliding lower, after trading higher Sunday night.  Cattle futures closed lower and near the day’s lows. Cattle gapped higher on the open, supported by Friday’s jump in cash cattle prices ($124 – 126).