The December Lean Hogs contract followed through to the downside dropping to 67.85 before a late session recovery took price higher and it settled at 69.10. The ranges continue to be wide with the early attempt to rally stopping at 71.000. The low was above support at 67.80 and the Monday low at 67.70. Buyers coming back into the market …
Livestock Report
The December Lean Hogs contract went down limit on Tuesday after making a new high for the up move on Monday. It didn’t settle limit down however, settling just above it at 69.925. A police officer shooting a Hong Kong protestor put trade worries on the front burner again in this “never-ending” soap opera. Equity markets were pummeled today, adding …
Grain Spreads: New Quarter New Game
For the first two days of the week, corn has gained 20 cents and filled the gap on the daily chart at 392.6. Beans are up approximately 36 cents. Chicago wheat up just over 11 cents. The grain market got a surprise yesterday as the USDA announced that Sep 1st on farm stocks came in at 300 million bushels less …