Newsroom

Market Updates

Market Closes - August 22, 2017
August 22, 2017
Market Closes - August 22, 2017

Corn and wheat futures closed moderately lower and at/near the day’s lows; the overnight price strength quickly faded during the day session.   Cattle futures closed mostly very strong and near the day’s highs as short-covering pulled prices off the recent lows.

Market Closes - August 17, 2017
August 17, 2017
Market Closes - August 17, 2017

Corn and wheat closed lower, while the soy complex managed 1 percent gains. Traders generally think the forecasted weather will have minimal impact on production.  Another rough day for cattle futures with roughly $2/cwt losses. Futures opened steady but weakness in light cash trade ($110) and the boxed beef market weighed on the market.

Market Closes - August 16, 2017
August 16, 2017
Market Closes - August 16, 2017

Although CBOT futures opened generally near steady, the closing prices were mostly lower except for MGEX wheat. Futures were pressured by non-threatening weather and technical selling as corn and wheat futures fall to new lows.  Cattle futures closed lower with feeder cattle down sharply which erased yesterday’s huge gains.

Market Closes - August 14, 2017
August 14, 2017
Market Closes - August 14, 2017

CBOT futures closed mixed but generally near the day’s highs. Futures traded lower overnight but managed to recover during the day session.   Live cattle closed lower and feeder futures ended higher. Traders have expected cash prices to weaken but last week’s average was $115/cwt. 

Market Closes - August 10, 2017
August 10, 2017
Market Closes - August 10, 2017

CBOT futures closed sharply lower and at the day’s lows following bearish USDA reports showing larger-than-expected corn and soybean yields, along with growing World carryout forecasts.  Cattle futures closed lower with sharper losses in the Live Cattle market due to follow-through selling off yesterday’s big losses.

Market Closes - August 8, 2017
August 8, 2017
Market Closes - August 8, 2017

CBOT futures closed mixed with minimal changes as weather outlooks are stable and traders prepare for Thursday’s USDA WASDE and crop production estimates.   Cattle futures closed slightly lower after trading both sides on only light cash cattle trading.

Market Closes - August 3, 2017
August 3, 2017
Market Closes - August 3, 2017

CBOT futures closed lower with soybeans dropping sharply on continued improved weather forecasts.   Cattle futures closed higher, extending the gains posted on Wednesday. This week’s better-than-expected cash price of $116-117 has supported futures.    Lean Hog futures closed mixed with small price changes.

Market Closes - August 2, 2017
August 2, 2017
Market Closes - August 2, 2017

CBOT futures closed mixed with corn and soybeans up slightly on a recovery from Tuesday’s sharp losses. Market support came from a private crop estimate released yesterday that cut corn yield and production markedly from the USDA forecast.  Cattle futures closed strongly higher and near the day’s highs.  Lean Hog futures closed sharply higher, reversing the losses made Tuesday.

Market Closes - August 1, 2017
August 1, 2017
Market Closes - August 1, 2017

CBOT futures closed sharply lower with soybeans leading the way down. Selling was encouraged by Monday’s improved soybean crop rating (2 points) and weather forecasts for cooler temperatures and some rainfall.   Live cattle futures closed higher, supported by the big rally in feeder cattle futures.  Market support was more technical than fundamental given a lack of cash market trading.

Market Closes - July 31, 2017
July 31, 2017
Market Closes - July 31, 2017

CBOT futures closed lower with corn and soybean futures finishing near the days’ highs.  Today’s price pressure was credited to cooler weather and some forecasted rains.   Cattle futures closed mostly lower with most contracts ending mid-range. Pressure arose from a big jump in weekly slaughter last week and a pound gain in average weights.