Futures Market Recap

Cattle Futures End Rally

Cattle futures reversed course to turn lower as the USDA cattle-on-feed report exceeded expectations. Still, cash prices remained strong headed into Memorial Day weekend when grills are expected to fire up the livestock markets. June live cattle futures fell 122

Cash Markets Support Livestock Futures

Livestock futures inched higher on Thursday, reversing course after a mixed start to the trading session. Cash prices for cattle so far this week are lower than previous weeks, though they remain at a considerable premium to futures. That’s helping

Lean Hog Futures End Mixed

Cattle futures fell on Wednesday as traders bet that beef prices would trend lower after a Memorial Day bump. The cattle market has rallied on the back of everything from seasonal grilling demand to a government agreement to reopen China

Cattle Futures Slid After Reaching Seasonal Peak

Cattle futures sank Tuesday as lower beef prices spurred bets that the market was unwinding from its seasonal peak. Cattle futures have flip-flopped after hitting a high in early May, while prices on the cash market have also struggled. Wholesale

Shrinking Cattle Stocks Drive Futures Higher

Cattle futures rose on Monday ahead of a government report that showed shrinking beef stocks in U.S. freezers amid a recent supply pinch. Signs of domestic demand were also strong. Hog futures turned lower after trading higher much of the

Lower Dollar Pushing Livestock Futures Higher

Livestock futures rose Friday as traders bet that a weak dollar would stoke demand for U.S. meat. The greenback recently slumped to multimonth lows, helping make American beef and pork cheaper in the global export market. That in turn is

Livestock Futures Rebound after Lower Open

Cattle futures rose Thursday after bouncing off lows made earlier in the day.  Live cattle contracts opened lower at the Chicago Mercantile Exchange only to reverse course. Hog futures also rose after opening lower. June live cattle gained 47 to

Hog Futures Rise on Robust Demand

Hog futures rose on Wednesday as strong demand for pork continued to fuel a rally in the market. June lean hog futures touched a three-month high before easing off those peaks to close up 17 at 78.90. Some contracts for

NC Market Watch for May 16

At the 3 weekly livestock auctions held Monday at Canton, Siler City and Turnersburg a total of 1,171 cattle and 42 goats were sold. Slaughter cows were mostly steady to $2.00 higher; bulls were mostly steady to $4.00 lower.  Feeder

High (Prices) on the Hog

Hog futures jumped to a two-month high Tuesday as traders continued build a seasonal premium into the market. Futures traders are betting that rising pork prices, higher cash sales and large slaughter numbers are signs of strong demand ahead of