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Market Updates

Market Closes - October 7, 2019
October 7, 2019
Market Closes - October 7, 2019

CBOT futures closed narrowly mixed on fairly narrow trading ranges. Cattle futures closed mostly lower under pressure from a weaker boxed beef market and generally overbought futures.  Lean Hog futures fell sharply, with December and February contracts down the $3.00 daily limit.

Market Closes - September 25, 2019
September 25, 2019
Market Closes - September 25, 2019

CBOT futures closed steady to lower, except for the MGEX spring wheat contract which continued to rally on unfavorable weather conditions and forecasts in the north. Cattle futures closed higher on the announcement of a US/Japan trade agreement which will lower tariffs on US beef.  Lean Hog futures rose sharply today on ideas that China is about to make a large purchase of US pork.

Market Closes - September 24, 2019
September 24, 2019
Market Closes - September 24, 2019

CBOT futures closed narrowly mixed with high-range closes in corn and wheat. Cattle futures closed narrowly mixed, with feeder cattle outperforming LC today. Lean Hog futures closed moderately higher, adding to Monday’s price gains.

Market Closes - September 23, 2019
September 23, 2019
Market Closes - September 23, 2019

CBOT futures closed mostly higher, led by the soybean and meal contracts. Live and feeder cattle futures gapped higher at the open, rallied through the day to close near the day’s highs.  Lean Hog futures closed higher to sharply higher as futures rebounded from Friday’s big losses.

Market Closes - September 17, 2019
September 17, 2019
Market Closes - September 17, 2019

The major CBOT futures contracts closed lower with some volatility at the close. Cattle futures closed strongly higher in the upper end of the day’s trading range.  Lean Hog futures closed sharply lower with the December LH ending down the daily $3.00 limit (expands to $4.50 tomorrow).

Market Closes - September 12, 2019
September 12, 2019
Market Closes - September 12, 2019

CBOT futures closed strongly higher and at/near the day’s highs, supported by positive news in US/China trade negotiations and technical short-covering by the speculators.   Cattle futures closed higher but generally took a break after strong price gains on Tuesday and Wednesday.  Even as pork values fell sharply, lean hog futures soared $3.00 higher to limit-up levels.

Market Closes - September 11, 2019
September 11, 2019
Market Closes - September 11, 2019

CBOT futures traded higher in follow-through on Tuesday’s rally but closed lower. Market direction may hinge on tomorrow’s USDA Production report for corn and soybeans. Live Cattle and Feeder Cattle futures closed strongly higher – for the second straight day.  Lean hog futures closed lower with the nearby October LH contract down sharply.

Market Closes - August 20, 2019
August 20, 2019
Market Closes - August 20, 2019

After trading higher overnight, CBOT futures found aggressive selling when the market reopened at 830 am CT. Corn futures led to the downside, reaching a new low for the current downtrend.  Cattle futures closed higher with the Live Cattle posting strong gains. LC were supported by rising boxed beef values and extraordinary packer margins. Lean Hog futures closed strongly higher. 

Market Closes - August 19, 2019
August 19, 2019
Market Closes - August 19, 2019

CBOT futures closed lower and near the day’s lows for corn and soybeans; wheat finished midrange.  Cattle futures closed mostly higher but near the day’s lows after a rally during the first hour failed to hold. Lean Hog futures closed strongly higher and near the day’s highs.

Market Closes - August 15, 2019
August 15, 2019
Market Closes - August 15, 2019

CBOT futures closed steady to lower but with closes near the day’s lows. Live Cattle futures closed steady after an opening rally failed. Feeder cattle once again outperformed Live Cattle futures. Lean Hog futures have been on a roller coaster with alternating up and down days.