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Market Updates

Market Closes - May 10, 2018
May 10, 2018
Market Closes - May 10, 2018

CBOT futures closed mixed following the midday USDA report which updated their supply/demand estimates for 17/18 and 18/19. Cattle futures closed higher and near the day’s highs, which were in the last half-hour of trading. June Live Cattle was very strong today, trading to a new high for this April-May rally and closing at its highest level since March 22.

Market Closes - May 9, 2018
May 9, 2018
Market Closes - May 9, 2018

CBOT futures tried to move higher early but closed steady to lower except for soybean oil. Futures generally traded similar to Tuesday’s market, stabilizing after Monday’s sharp price drop. Cattle futures moved higher after the opening but spent the rest of the day working lower. Lean Hog futures closed mixed with weaker cash hog prices and a bounce in the pork cutout.

Market Closes - May 1, 2018
May 1, 2018
Market Closes - May 1, 2018

After trading steady to lower overnight, futures moved sharply higher when trading reopened at 830 am CT and closed near the day’s highs. CBOT futures rallied despite a big .7% gain in the US Dollar Index and a sharp drop in energy futures.  Live Cattle futures opened a little higher but quickly headed lower and made the day’s lows by 10:30 am.

Market Closes - April 30, 2018
April 30, 2018
Market Closes - April 30, 2018

CBOT futures closed widely mixed with Chicago Wheat soaring and old-crop soybeans sliding lower, after trading higher Sunday night.  Cattle futures closed lower and near the day’s lows. Cattle gapped higher on the open, supported by Friday’s jump in cash cattle prices ($124 – 126).

Market Closes - April 26, 2018
April 26, 2018
Market Closes - April 26, 2018

CBOT futures closed steady to lower. Overnight strength gave way after USDA released its Weekly Export Sales report which was disappointing for corn and soybeans.  Beyond the nearby April contracts, cattle futures closed lower and near the day’s lows.

Market Closes - April 25, 2018
April 25, 2018
Market Closes - April 25, 2018

CBOT futures closed higher with KC/Chicago wheat leading the way by adding to Tuesday’s big gains.  Corn gained 5-6 cents/bushel on spillover from the wheat market and from fund buying.  Cattle futures closed moderately higher but near the day’s highs. Market support came from the continued strength in boxed beef values.

Market Closes - April 24, 2018
April 24, 2018
Market Closes - April 24, 2018

CBOT futures closed mostly steady to higher. KC and Chicago Wheat futures led the market today.  Cattle futures moved higher in early morning trade but then weakened with prices turning negative in the last half hour of trading.  

Market Closes - April 23, 2018
April 23, 2018
Market Closes - April 23, 2018

CBOT futures closed mixed with limited market news to trade on. A much stronger US Dollar today weighed on commodity prices, some more than others.  Cattle futures closed up sharply with the April LC contract closing near the day’s highs and posting the best gain for LC futures. LC futures charted “gap higher” openings.  

Market Closes - April 19, 2018
April 19, 2018
Market Closes - April 19, 2018

CBOT futures closed narrowly mixed after trading around one-percent ranges. Cattle futures closed sharply lower and near the day’s lows. The nearby April LC contract posted a bearish key reversal. Lean Hog futures closed little changed and remain near the April highs.

Market Closes - April 18, 2018
April 18, 2018
Market Closes - April 18, 2018

CBOT futures closed mixed with corn and soybeans reversing Tuesday’s direction, while wheat added to its gains.  Soybean futures dropped under pressure from the weaker soybean meal market. Corn benefitted from higher ethanol futures as energy prices rose sharply. Cattle futures closed higher with the nearby April LC contract gaining nearly a dollar/cwt.