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Market Updates

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.

Market Closes - December 18, 2019
December 18, 2019
Market Closes - December 18, 2019

CBOT futures closed steady to lower as the latest trade deal-led rally stalls out. Live Cattle closed near steady while feeder cattle ended slightly lower. Lean hog futures ended narrowly mixed with mid-range closes. 

Market Closes - December 16, 2019
December 16, 2019
Market Closes - December 16, 2019

CBOT futures closed sharply higher as traders become  confident the US/China trade deal is for real this time. Cattle futures finished with losses after the market saw sharp gains on Friday. Lean Hog futures closed higher in follow-through buying to Friday’s rally on the US/China trade deal. 

Market Closes - December 11, 2019
December 11, 2019
Market Closes - December 11, 2019

A day after the WASDE failed to excite the market, CBOT futures closed lower and near the day’s lows. Cattle futures closed higher and near the day’s highs in both LC and FC.  Lean Hog futures finished narrowly mixed as pork values changed little today. The Federal Reserve left its interest rate target unchanged at 1.5-1.75%, as expected by the trade.

Market Closes - December 10, 2019
December 10, 2019
Market Closes - December 10, 2019

CBOT futures closed slightly higher on news that Democrat leaders have agreed to vote on the USMCA, a “neutral” WASDE report from USDA, that President Trump may wait on the December 15 tariff increases, and signs that US and China are getting nearer to a Phase 1 trade deal. Cattle futures closed narrowly mixed on a lack of significant market news. Lean hog futures closed higher with deferred contracts the strongest.

Market Closes - December 2, 2019
December 2, 2019
Market Closes - December 2, 2019

Corn closed steady but other CBOT futures closed lower after mostly positive overnight trade. Cattle futures closed narrowly mixed, but traded strongly into the close.  Lean Hog futures closed sharply lower, which more than erased Friday’s sharp gains.

Market Closes - November 21, 2019
November 21, 2019
Market Closes - November 21, 2019

CBOT futures closed mixed again today but soybean futures continue to drift lower in a well-established downtrend.  Except for the December LC contract, cattle futures closed lower ahead of Friday’s cattle on feed report. Lean hog futures closed higher, ending a general sell-off over 6 trading days.

Market Closes - November 20, 2019
November 20, 2019
Market Closes - November 20, 2019

CBOT futures closed mixed with corn and soybeans continuing to be pressured by fund selling and a lack of export demand. Live cattle closed slightly higher through June 2020 and feeder cattle ended unchanged to slightly lower.  Lean hog futures closed sharply lower due to Tuesday’s sharp drop in the pork cutout, huge production, lack of technical chart support and reports that the US/China Phase 1 deal won’t happen in 2019.

Market Closes - November 19, 2019
November 19, 2019
Market Closes - November 19, 2019

CBOT futures closed steady to higher with KC Wheat posting the best gains. Corn and soybean futures bounced off Monday’s new lows on technical short-covering. Cattle futures closed little changed after trading lower during the day. Lean hog futures closed lower, making new lows not seen since early September.