Cattle traders waiting for the Cattle On Feed data this afternoon, will the strong uptrend continue? Corn is trying to firm up, will Beans follow? Bean Oil post highest close since March 10th. Wheat market watching development of US Winter crop.
5 Minutes on the Markets – 03/20/2025
This video is posted by about 8 AM CST every morning, before the markets open. Check back here for another update! New contract highs in Live Cattle and Feeder Cattle, Hogs weaker to test 200 day support. Export Sales early focus in Grains. New highs in Gold and Copper. Treasury Bonds and Stock Indexes all firmer this morning.
5 Minutes on the Markets – 03/19/2025
This video is posted by about 8 AM CST every morning, before the markets open. Check back here for another update! Cattle futures shed some momentum before the Cattle on Feed, Hogs bounced off support again, Grains weaker overnight. Chicago Wheat testing technical resistance.
5 Minutes on the Markets – 03/18/2025
This video is posted by about 8 AM CST every morning, before the markets open. Check back here for another update! Livestock markets very strong, Wheat and Soybean Oil are leading the Grains this week and Crude turn higher. FOMC meeting begins today and Equities rollover this week.
5 Minutes on the Markets – 03/14/2025
These videos are typically posted about 8 AM every morning, before the markets open. Cattle markets losing momentum? Hogs sharply lower. Wheat futures turning higher. Crude complex higher but Nat Gas losing bullish momentum.
Chart of the Day – April Lean Hogs
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, February 27, 2025 April Lean Hogs April Lean Hogs closed down 3.925 today, settling at 84.375. That puts prices just above the 200-day average (purple, 84.228). Volume was high today, which usually means position liquidation and further weakness ahead. However, tomorrow is …
Chart of the Day – April Lean Hogs
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, February 21, 2025 April Lean Hogs (Daily) April Lean hogs closed at 87.675 on Friday, down .850 on the day. That strings together 6 “bearish” days together, or day where the close was lower than the open. The April contract started the …
Chart of the Day – April Lean Hogs
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 11, 2025 April Lean Hogs (Daily) Today, April Lean Hogs settled at 92.975, up 1.35 on the day. This is a contract high close for the Hogs and was a very strong day, with the market opening just 1 tick off …
Chart of the Day – Lean Hogs
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, November 26, 2024 February Lean Hogs The last time I wrote about Lean Hogs was on Nov 14th, which was that big red down day about 9 bars ago on the chart. At that time, the market had just broken through the …
Livestock Update
Commentary: The Live board closed down. The nearby limit again. As indicated Thursday the market is not signaling a low yet. The fundamentals continue to point to potentially further losses. The issue is two fold. First the packer appears to be slowing the slaughter rate. This would cause a backup and continue to pressure prices. Second, the pork market is …