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Market Updates

Market Closes - January 7, 2019
January 7, 2019
Market Closes - January 7, 2019

The grain and soy futures closed narrowly mixed on a lack of fundamental news.   Cattle futures closed moderately higher after opening this morning slightly lower.  Lean Hog futures closed slightly lower through the August LH contract.

Market Closes - January 3, 2019
January 3, 2019
Market Closes - January 3, 2019

CBOT futures closed a little higher with the MGE spring wheat contract leading the way. Most contracts opened Wednesday evening about even, but futures rallied at various times in today’s trading. Cattle futures closed lower, making for a 3-day decline which started with the bearish price reversal on Monday. 

Market Closes - December 19, 2018
December 19, 2018
Market Closes - December 19, 2018

CBOT futures posted bigger losses than we’ve seen in a while, with the closes near the day’s lows. Markets were pressured by disappointment in the amount of soybean sales to China that have been confirmed by USDA. Live Cattle closed mixed with Feeder Cattle posting small losses.

Market Closes - December 18, 2018
December 18, 2018
Market Closes - December 18, 2018

CBOT futures traded both sides of unchanged but closed narrowly mixed and generally mid-range or higher. While the US energy futures market was tanking and US equities were volatile, CBOT futures kept to about 1 percent ranges.  Cattle futures closed modestly higher after dropping on Monday.  Lean Hog futures dropped sharply for the second straight day, even though the pork cutout was higher in the morning.

Market Closes - December 12, 2018
December 12, 2018
Market Closes - December 12, 2018

CBOT futures closed steady in corn to mostly higher in the other contracts. Futures rallied early morning on ideas China was buying soybeans, but without confirmation, traders turned sellers.  Cattle futures closed higher and near the day’s highs. Lean Hog futures closed slightly higher as prices recovered from Tuesday’s sharp selloff.

Market Closes - December 10, 2018
December 10, 2018
Market Closes - December 10, 2018

CBOT futures closed mostly lower ahead of Tuesday’s USDA WASDE report. A strong dollar and sharply lower energy futures added to the pressure. Live Cattle closed mixed and Feeder Cattle ending higher. Live cattle were supported by firmer cash trade on Friday, trading around $119/cwt, and by higher boxed beef values last Friday and again today.

Market Closes - December 6, 2018
December 6, 2018
Market Closes - December 6, 2018

CBOT futures closed lower but mid to high range. On the positive side, the corn and soybean futures still have their chart UP GAPS open.  Cattle futures closed lower with Live Cattle settling mid-range.  Lean Hog futures also closed lower with the nearby December LH contract taking the biggest hit.

Market Closes - December 4, 2018
December 4, 2018
Market Closes - December 4, 2018

CBOT futures closed steady to mostly higher with corn and soybean futures ending near the day’s highs, AND maintaining the UP GAPS charted Monday based on the favorable US/China trade news.  Live Cattle futures closed strongly higher despite the sharp drop in the US equity markets tied to concerns the economy is weakening. 

Market Closes - November 26, 2018
November 26, 2018
Market Closes - November 26, 2018

CBOT futures closed widely mixed with the soy complex ending lower on continued concerns for US/China trade relations.  Cattle futures closed narrowly mixed. Choice beef closed up .60 to 214.45 and Select gained 1.28 to 199.79.

Market Closes - November 20, 2018
November 20, 2018
Market Closes - November 20, 2018

CBOT futures closed narrowly mixed despite the outside markets moving strongly against Ag futures. Equities and energy dropped sharply and the US Dollar Index gained .7%.  Cattle futures closed moderately lower after a higher opening quickly failed.  Lean Hog futures closed from sharply lower in nearby contracts to a little higher in the deferred contracts.