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%, …
Pure Hedge – Livestock and Grain
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. …
Hogs Consolidate
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. …
Cattle Markets Crash
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, …
Pure Hedge – Livestock and Grain
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 …