Commentary This past Monday 4/1, USDA released its first crop condition rating for the winter wheat crop. The good to excellent category came in at an impressive rating of 56 percent. This was up six percentage points from the end of November and the highest initial spring rating since 2019. The portion of crop rated poor/very poor stood at 11%, …

4/5/24 I hope your broker advised you well. This Cattle break I have been warning about is here, and was not hard to see, if you knew where to look. I believe the Soybean Market will be the next to fall. The Cattle Market was down big again today. June’24 Live Cattle was 3.80 lower today and settled at 172.05. …

June Lean Hogs made a new high for the up move on Wednesday, trading up to 105.725. Thursday’s price action saw some early weakness after opening unchanged from Wednesday’s settlement and failing in an attempt to rally out of the gate. The failure sent price to the low of the day at 103.95, taking out Wednesday’s low in the process. …

May Feeder Cattle was pummeled on Monday as the first reported case of a human contracting Bird Flu made its way over the internet. The case was located in Texas as the patient became ill following contact with dairy cows that were presumed to have been sick with the virus. Feeders broke down hard late in the session on Monday, …

4/1/24 I said it would be a vicious break in the Cattle Markets. The move lower today should have your attention, and it’s not over. Do what you need to do to protect your downside exposure. I feel the Soybean Market will have a break like this shortly. Today June’24 Live Cattle was 4.92 ½ lower and settled at 175.32 …

June Lean Hogs stayed in neutral on Thursday, trading both sides of unchanged and settling just below the previous day’s settlement. The high came in at 102.85, the low at 100.675 and settlement was at 101.45. The market consolidated the past three days after the strong rally on Monday as traders waited for the Quarterly Hogs and Pigs Report that …

3/28/24 The Livestock and Grain Markets were all over the place today. June’24 Live Cattle were 1.57 ½ higher today and settled at 180.25, just below today’s high of 180.55. The 1-month high is 186.62 ½. Today’s low was 177.75 and the 1-month low is 176.40. Since 2/28 June’24 Live Cattle are 2.12 ½ lower or just over 1%. May’24 …

3/27/24 It was generally a slow day, compared to the recent volatility. Tomorrow at 11:00am central time, the Planting Intentions Report will be released and whether Bearish or bullish, there will be plenty of price action. The Livestock Markets were all a little higher today. June’24 Live Cattle was 30 cents higher and settled at 178.675 in the middle of …

Commentary Corn drifted lower on turnaround Tuesday action as the market dropped to near term lows. Month and quarter end plus squaring up ahead of Thursdays on farm stocks may be attributed to the weakness. It’s tough to sustain rallies without meaningful demand longer term and with increased competition coming from Argentina and then Brazil in the weeks to come …

June Lean Hogs rallied on Monday, making the low early in the session at 99.20, racing to the high at 101.85 and the drifting the remainder of the day to settle near the high at 101.675. The price action formed a Morningstar Candlestick formation which indicates a potential bullish recovery in Hogs. The cutouts have rebounded the past couple of …