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Market Updates

Market Closes - February 4, 2020
February 4, 2020
Market Closes - February 4, 2020

CBOT futures closed mostly higher, albeit by only a few pennies. Today’s price increases appeared to be from corrective buying after the recent weakness. Live cattle closed slightly lower and feeder cattle closed higher. Lean Hog closed lower except in the nearby February LH contract.

Market Closes - January 30, 2020
January 30, 2020
Market Closes - January 30, 2020

CBOT futures closed mostly lower, led by big losses in the soy complex and less so in corn. Cattle futures closed little changed although prices were tested on both sides of unchanged. Lean Hog futures gapped down and closed limit-down $3.00 today on continued concerns about the coronavirus and large pork production (more hogs, heavier average weight).

Market Closes - January 28, 2020
January 28, 2020
Market Closes - January 28, 2020

CBOT futures closed mixed with corn rallying after an overnight move lower. Markets have not seen any negative follow-through after Monday’s volatile trade related to the coronavirus spread. Cattle futures closed mostly lower, with LC ending near the day’s lows. Lean Hog futures closed higher on a corrective bounce from Monday’s sharp losses.

Market Closes - January 27, 2020
January 27, 2020
Market Closes - January 27, 2020

CBOT futures closed mostly lower but in most cases, well off the day’s lows. Along with financial markets, agricultural futures were pressured by the escalating concerns about the coronavirus that originated in China and has spread to the U.S. and many other countries. Livestock futures traders reacted more aggressively, leading to sharp losses in both cattle and lean hog futures.

Market Closes - January 15, 2020
January 15, 2020
Market Closes - January 15, 2020

Except for Chicago Wheat, CBOT futures closed lower on a weak finish following the signing of the US/China Trade Agreement. Cattle futures closed lower but trading ranges were wider today, especially in FC.  Lean Hog futures closed slightly higher with trade inside yesterday’s wide ranges.

Market Closes - January 14, 2020
January 14, 2020
Market Closes - January 14, 2020

Ahead of tomorrow’s midday signing of the US/China Phase 1 trade agreement, corn and soybean futures closed steady in narrow range trading and wheat continued to trend higher. Cattle futures closed little changed but remain not far from the contract highs.  Lean hog futures posted strong gains even as cash hog and pork values did not. 

Market Closes - January 13, 2019
January 13, 2020
Market Closes - January 13, 2019

CBOT futures closed mixed today. Corn closed higher and near the day’s highs in follow-through buying to Friday’s strong market. Cattle futures closed lower on last week’s disappointing cash steer trade at steady prices around $124/cwt. Lean Hog futures closed moderately lower and near chart support.

Market Closes - January 9, 2020
January 9, 2020
Market Closes - January 9, 2020

CBOT futures closed mixed as the overnight rally melted away in corn and soybean futures during the day. On the other hand, wheat futures rose higher during the day trade.  Cattle futures closed slightly higher and remain near the contract highs.  Lean Hog futures closed lower under pressure from LH futures premium to the cash market, which is weaker as well.

Market Closes - December 23, 2019
December 23, 2019
Market Closes - December 23, 2019

CBOT futures closed mixed with soybeans/meal up the most and wheat dropping a few cents.  Live cattle futures closed steady while feeders were down slightly. Lean Hog futures closed slightly higher except for February’s 42-cent loss. 

Market Closes - December 19, 2019
December 19, 2019
Market Closes - December 19, 2019

CBOT futures closed narrowly mixed with support from good weekly export sales reports this morning. Cattle futures ended little changed on the day.  Lean Hog futures closed slightly higher except for the nearby February LH contract gaining $1.07/cwt.