For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, March 11, 2025, at 3:15 pm. It is free for anyone who wants to sign up and the link for sign up is below. If you cannot attend live a recording will be sent to your email upon completion of the webinar.
April Lean Hogs opened lower and traded down to the low of the day at 87.10. The breakdown took price to the key level at 87.10. It contained the selling and price turned higher and rallied the rest of the session to the high at 88.425. It settled near the high at 88.30. The rally took price to just above resistance at 88.325 and just below the declining 21- DMA now at 88.50. Settlement was below resistance. The cash market is a holding pattern, up a little and then down a little, trading in a range over the past couple of weeks. We are in a time period where the markets are being roiled by uncertainty as the Equity markets have been trampled as the economy adjusts to the tariffs and what the effects they will have on the economy, in my opinion. The Hog market has held its own with all this happening around them. Especially since it is being directly affected by tariffs. With the cash markets staying steady and the futures continuing its rally after breaking down to its low for the down move on March 4th at 80.725, it bodes well for the future in my opinion, as we near the Easter holiday and the grilling season. We’ll see!… A breakdown from settlement could see price re-test support at 87.10 and then the rising 50-DMA now at 86.75. Support then comes in at 85.325. If price can rally past resistance at the 21-DMA, we could see a test of resistance at 90.40.
The Pork Cutout Index down ticked and is at 97.83 as of 03/07/2025.
The Lean Hog Index decreased and is at 89.90 as of 03/06/2025.
Estimated Slaughter for Monday is 487,000, which is above last week’s 485,000 and last year’s 457,165.
**Call me for a free consultation for a marketing plan regarding your livestock needs.**
Ben DiCostanzo
Senior Market Strategist
Walsh Trading, Inc.
Direct: 312.957.4163
888.391.7894
Fax: 312.256.0109
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