Cattle: At the livestock auctions held Tuesday in Mt. Airy and Shelby a total of 767 cattle, 7 goats, and 36 sheep were sold. There were too few head last week to establish an adequate market trend. Demand was moderate…
Futures Market Recap
Cattle Hit Six-Week High; Crude Jumps 93 Cents/Gallon
Cattle futures touched their upper daily limit on Wednesday, hitting a six-week high as cash-market prices rose. Meatpackers bought 636 head of cattle at the weekly online Fed Cattle Exchange on Wednesday morning for an average of $106.67 per 100…
Hogs Bring Home the Bacon for First Time in a Fortnight
Hog futures rose Tuesday after pork prices were higher for the first time in almost two weeks. Wholesale pork prices ended Monday up 33 cents to $78.09 per 100 pounds, halting eight consecutive trading days of decline. That encouraged traders…
NC Markets for Wednesday 9/20/17
Cattle: At the livestock auctions held Monday in Canton, Siler City, and Turnersburg, a total of 2,134 cattle, 58 goats, and 23 sheep were sold. Compared to last week, slaughter cows were steady to 9.00 lower; while bulls were 1.00…
Hog Futures Start the Week Lower
Hog futures started the week lower as large supplies strained the market. October lean hogs fell 97 to 60.00 on Monday. Analysts said 60 cents was important technical support. Prices rallied Friday, but supply concerns are limiting gains. Average hog…
Hog Futures End the Week on a High Noted
Hog futures rose over 3% to end the week, helped by sharply higher pork belly prices. Volatility in belly prices has significantly influenced hog futures this year. Friday’s pop in belly prices sparked buying among hog futures traders waiting for…
Grain & Oilseed Markets find Equilibrium After Reports
Cattle futures gave back early gains to close lower as traders waited for a price trend to emerge in the cash market. A limited number of slaughter-ready cattle had traded in the week’s cash market as of Thursday’s session. October…
Livestock Futures Rebound
Cattle futures rose to a four-week high, changing course as cash-market prices steadied. The trade so far suggested cash prices would continue stabilizing after weeks of losses pressured the broader cattle futures market. Cattle futures initially fell before rebounding. October…
Hog Futures Plunge
Hog futures fell over 3% to the lowest point this year as pork belly prices continued to drag down the market. Pork bellies have fallen sharply after soaring to record-high prices earlier this summer on the back of booming demand…
Livestock Futures Drift Lower
Cattle futures drifted lower at the start of the week as traders consolidated after recent gains. The cattle market last week “found good demand on ideas that the cattle market has finally reached a delayed seasonal low,” said Chicago-based research…
