Futures Market Recap

Hog Futures Surge on Bargain Buying

Hog futures surged Thursday to reverse almost a week’s worth of losses, as traders switched their bets from cattle to hogs. April lean hog futures rose 120 to close at 69.35, while contracts for June delivery jumped 185 to 77.60.

Cattle Futures Soar

Live cattle futures surged on Tuesday ahead of a Fed Cattle Exchange auction which gave important clues as to whether cattle supplies will continue tight into the spring. Last week’s auction yielded higher prices than expected, with meatpackers paying feedyards

Wheat Futures Fall in Weather-Driven Market

Cattle futures closed at their highest level in more than a year, as strong demand pushes up the cost of beef. Meatpackers have charged more for wholesale beef in recent weeks, as tight supplies of slaughter-ready cattle in some states

Cattle & Hog Futures Moderate

Cattle and hog futures fell Monday as seasonal pressure began to weigh on prices. Tighter supplies of cattle have prompted a rally in beef and cash trade prices, with packers paying feedyards handsomely for cattle as they enjoy healthy margins

Yellow Shelled Corn One Cent Higher in NC

At the livestock auction held Thursday at Smithfield a total of 320 cattle and no goats were sold. Slaughter cattle were mostly steady when compared to the previous week.  Feeder cattle were also mostly steady.  Average dressing slaughter cows brought

Hog Futures Slide, Cattle Mixed

Lean hog futures slid Friday as traders booked profits on gains made this week. April lean hog futures fell 0.9 cents, or 1.2%, to 69.050 cents a pound at the Chicago Mercantile Exchange, the third consecutive day of decline. Prices

Cattle Futures Rise to 8-Week High as Hogs Slump

Live cattle futures reached an eight-week peak Thursday as high beef prices continue to underpin a rally in the market. April live cattle futures climbed 1.3% to close at $1.19200 a pound at the Chicago Mercantile Exchange, the highest since

NC Livestock Prices on Upswing

At the 2 weekly livestock auctions held Wednesday at North Wilkesboro and Norwood 684 cattle and 8 goats were sold. Slaughter cows were mostly $2.00 to $7.00 higher; bulls were mostly steady to $7.00 higher.  Feeder cattle were mostly $2.00

NC Feeders $4-$5 Higher

Cattle:  At the livestock auction held Tuesday in Shelby, a total of 197 cattle, 3 hogs and 1 goat were sold.  Compared to last week, slaughter cattle were mostly steady.  Feeder cattle were $4-$5 higher.  Demand, market activity, and buyer

Soy Falls to Five-Month low

Live cattle futures rose Wednesday as meat packers proved willing to pay high cash prices. April futures rose 1.2% to $1.17700 a pound in Wednesday’s session on the Chicago Mercantile Exchange, reversing two days of losses and inching toward the