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…
Futures Market Recap
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…
Livestock Futures End the Week with Gains
Cattle futures rose to a three-week high despite ongoing pressure in cash and meat markets. Many are betting that cash prices for slaughter-ready cattle are bottoming. October Live cattle rose 110 to $107, December gained 172 to $112, and September…
Hog Futures Take a Beating After a Week of Gains
Hog futures fell over 3%, undoing a rally earlier this week, while cattle futures rose. Some of the momentum came as traders reversed bets that hog prices would rise and cattle would fall. The hog market had started the shortened…
Corn & Bean Futures Gain on Weather Issues
Hog futures were mixed, easing after starting the week with an emphatic rally. October lean hog futures fell 20 to 63.55, December gained 10 to 60.27. Analysts said the rally created upward momentum in a market that has otherwise been…
Cotton Futures Soar on Weather Issues
Hog futures leaped as a slump in meat and cash prices halted. October Lean hog futures rose 230 to 63.75, touching their upper daily limit of 64.45 earlier in the session. That was the highest close since August 24. The…
Heavy Producer Selling Push Corn Futures Lower
Livestock futures were mixed in a quiet session. The cattle market has been under pressure this week after prices in the cash trade for slaughter-ready cattle fell from a week earlier. October Live cattle fell 25 to $105, December gained…
Grain & Oilseed Futures Soar Into the End of the Month
Livestock futures were mixed as traders searched for seasonal lows. Lean hog futures for October rose before giving back most gains to close 5 higher at 61.4, December gained 82 to 58.02. Later-month contracts were also higher. Cattle futures, meanwhile,…
Cotton Futures Continue to Climb, Corn Futures Topple
Cattle futures undid early losses to close largely unchanged, supported by technical factors and steady beef prices. Wholesale beef has inched higher this week, pausing several weeks of losses. That has traders betting the broader cattle-and-beef market could stabilize in…
Cotton Futures Continue to Gain
Cattle futures turned lower on Tuesday, erasing an early-week rally as traders refocused on large supplies. A USDA report on Friday showed a slowdown in the rate of cattle placed in feedlots for fattening in July, suggesting that current large…
