DTN Early Word Livestock Comments
Cattle futures had a good beginning to the week with traders not being shy about their anticipation of price potential. Hogs were higher in all months except April with traders anticipating...
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Cattle futures had a good beginning to the week with traders not being shy about their anticipation of price potential. Hogs were higher in all months except April with traders anticipating...
Most contracts in the livestock complex closed higher Friday, regaining some of the loss of Thursday. Higher cash cattle trade provided support with positioning ahead of the weekend. Hogs were supported by stronger cash and...
The cattle complex came under substantial pressure Thursday, led by the weakness of feeder cattle. The April live cattle contract closed the chart gap and fell back as technical pressure mounted. Hog futures chopped around in a...
Live cattle futures moved out of their trading range Wednesday and are poised to move higher. Traders are optimistic cash cattle may trade higher this week. Hog futures could not find solid support, but nearby contracts were...
Live cattle futures were higher Tuesday with contracts remaining in the sideways pattern they have been in the past few weeks, supported by stronger boxed beef prices. Hogs finally saw some unwinding of spreads, which pushed...
Live cattle traded on both sides of unchanged Monday, while feeder cattle remained weak throughout the day. There is concern packers will not need to be aggressive this week as they continue to cut back slaughter pace to...
Cattle rejected the move above the sideways trading range with April unable to close the chart gap. Cash cattle trade was higher, but that did not make any difference. Hogs climbed out of negative trade with contracts closing...
Traders were waiting for cash cattle to trade and found strength on Thursday from higher Northern live and dressed sales. This should be held Friday with Southern sales yet to unfold. April hogs continued to struggle while later...
There were no positive closes in the livestock complex Wednesday. Feeder cattle were under the greatest pressure. It was a sour day for hogs as the pattern of new highs came to an end.
The cattle complex was able to gain on Tuesday most of what was lost Monday, keeping the market in a sideways pattern. Hog futures could not find solid footing with the front-month April contract posting a second day of...
Cattle futures could not extend Friday's rebound on Monday as traders gave a pause after the strength. Live cattle could not push through the price resistance of last week with the weakness of feeder cattle pressuring live...
It certainly was a positive close last week for the livestock complex. Cattle futures were higher, even though cash was steady to lower. Traders wanted to buy the break. Hogs were supported...
Traders were disappointed as cash cattle traded steady with last week. The April contract is now the front month and is carrying a premium to cash. Hog futures again found support as June and later contracts reached new highs.
Cattle futures were under pressure Wednesday with feeder contracts showing the greatest effect. The market may be making a price correction, which would change market sentiment. Hogs were able to eke out a higher close again...
Traders are uncertain about the direction of the market this week. Cattle are not expected to see the cash strength of last week, leaving trade cautious. Hog futures traded on both sides of unchanged with traders looking for...
Live cattle futures were able to hold their head above water Monday, but the same could not be said for feeder cattle as they fell back significantly from the highs. Hog futures were mixed with spread trading putting some...
Livestock futures pushed higher Friday with triple-digit gains in cattle with double-digit gains in hogs. Cattle were propelled by an increase in cash while hogs coasted into the weekend.
Cattle did an about-face Thursday with higher futures during the first half of the trading day, only to close lower. Spread trading took place in the feeder cattle. Hogs marched higher on stronger cash and higher cutouts.
Most cattle contracts closed higher Wednesday, but without much fanfare. The greatest gain was seen in the May feeder cattle contract, which posted a gain of $1.00. Futures may drift ahead of the report. Hogs were mixed as...
Nearby cattle saw pressure Tuesday, closing slightly lower with later contracts holding the line. Traders are waiting for cash and looking ahead to the upcoming Cattle on Feed report. Hogs broke above resistance but could not hold...
The cattle complex closed higher Friday and looks to be making another attempt at closing the chart gaps in live cattle. Hogs were able to hold as demand looked good with cash and cutouts higher.
Cattle and hog futures closed higher Thursday, but traders exhibited some hesitancy. This kept most feeder cattle contracts lower and some 2025 contracts lower in hogs. Traders were more focused on nearby contracts.
It appears a greater price correction is taking place in the livestock complex, fueled by the potential for lower cash cattle trade this week. Strong buying interest was uncovered in hog...
The cattle complex just could not find solid support Tuesday, opening lower and remaining lower. It appears a retracement may take place to correct an overbought market. Hog futures were mixed with traders uncertain about...
A few live cattle and feeder cattle contracts made new highs Monday before running out of steam. Traders are uncertain about another gain in cash as packers reduce slaughter. Despite higher...
Cattle took a breather Friday, slipping back from the highs with most feeder cattle contracts closing lower. There had been almost no cash cattle traded by the close of the futures market, leaving traders uneasy. Hogs were able...
Cattle futures found their legs Thursday, reversing the losses of the previous day and pushing to new highs. Feedlots are tight-fisted and seem determined not to trade at steady or lower cash. Hogs could not find support...
Cattle futures could not push through to another new high Wednesday, but the uptrend is still intact. Cash cattle have not traded yet this week, leaving traders hopeful but cautious. Hogs moved aggressively higher during the day...
Traders used the decline in cattle futures on Monday as a buying opportunity to establish long positions Tuesday. This keeps the uptrend intact. Hogs could not find solid buying interest as liquidation continued.
Both live cattle and feeder cattle futures were lower across the board Monday. Some of the pressure may have come from the market being overbought and in need of correction. Traders developed some concerns about whether...
Live cattle and hog futures closed higher Friday while feeder cattle closed lower. Higher cash for the week supported live cattle. Hog futures found minor support in anticipation of stronger demand.
It was a strong Thursday for cattle futures as cash cattle began trading higher. The market opened moderately higher in response to the report, but cash was the catalyst for strength. Hog futures were holding initially, but fell...
Cattle futures were mixed into the close Wednesday as traders positioned ahead of the inventory report and over concern with the weakness of boxed beef. Hogs were mixed but mostly higher with traders uncertain over ongoing...
The livestock complex performed well Tuesday with feeder cattle leading the way, followed by hogs. Traders are optimistic about the market, which is supportive. The cattle inventory report Wednesday will either provide continued...
Cattle were higher much of Monday but succumbed to more aggressive selling into the close. Some traders decided to liquidate some positions after the large increase last week. Hog futures chopped around in a narrow range...
Last week was a very strong week for the livestock complex. Both cattle and hog futures pushed through price resistance levels, which triggered short-covering. Fundamentals supported the gains with further strength anticipated...
The cattle complex received a boost from stronger cash trade Thursday. This triggered aggressive buying of futures as confidence about higher prices seemed to return. Hog futures chopped around much of Thursday with...
Wednesday was another positive day for the livestock complex. Further weakness was seen in boxed beef, but some cash sales took place at $1 higher. Hogs had a large increase in cash as packers were more aggressive than they...
Both cattle and hog futures were higher Tuesday with feeder cattle and hogs posting triple-digit gains in numerous contracts. Demand is supporting cattle while hogs gained on optimism.
The livestock complex was mixed Monday. Traders did not find anything solid to hang their hats on. There is cash uncertainty this week, which leaves traders cautious.
The cattle complex waited for cash cattle trade to surface and for the numbers on the Cattle on Feed report, which kept trade mixed at the close. Hogs could find little reason to push higher with futures trading in a narrow range.
Cattle futures finally exited their slow upward trend, moving significantly higher Thursday as it appears feedlots want a premium for their cattle due to the weather. Feeder cattle led the complex higher. Hogs struggled much of...
Most futures contracts in the livestock markets closed higher as earlier weakness gave way to higher prices at the close Wednesday. Some bids for cattle indicate packers may be more aggressive this week. Hog futures liquidation...
Cattle continued to trend higher Tuesday with futures closing at the highest level in about two months. Underlying cash demand is strong, pushing boxed beef higher. Hogs backed away farther from price resistance. The market had...
Lower cash cattle last week may keep traders cautious to begin the holiday-shortened week. Weather will remain an issue that will leave feedlots focusing on taking care of cattle rather than posting offers. Hogs seem to have...
Most of the livestock complex showed green on the screen as both cattle and hogs turned higher after early losses Thursday. Hogs struggled for much of the day but managed a higher close in...
Except for a few contracts, the livestock complex closed higher across the board Wednesday. Feeder cattle showed the greatest gain with both live cattle and hogs posting a similar increase. Both boxed beef and pork cutouts...
Cattle were on a roller coaster Tuesday with early strength running out of gas and futures falling lower, only to find buying interest moving into the close. Nearby feeder cattle struggled through the close. Hog futures had...
Cattle futures made a $3.00 price swing Monday with early strength running out of steam. Futures slipped lower into the close. Feeder cattle closed mixed. Hogs had a third consecutive day of gains, pushing futures to the high end...
Feeder cattle led the charge lower Friday as traders liquidated into the weekend. Cash did not move higher as much as was expected, even though cash activity was pushed back to late in the day. Hogs put in another strong day...
Cash cattle business remained light Thursday as feedlots want to hold for higher prices seen on limited trade earlier in the week. Hog futures had a strong Thursday in nearby months with limited strength in later months.
Price action in cattle futures was limited compared to some of the volatility we have seen recently. Traders are waiting for cash trade to provide some further market direction. Hogs followed a similar pattern with a mixed close...
Cattle futures had a fire lit under them to begin the year with February live cattle making up the discount in nearly one day. Feeder cattle were over $3.00 higher in contracts through October. Hog futures moved in the opposite...
The excitement Friday was the strength of December live cattle as the contract closed out and price adjusted to cash. Demand uncertainty and lighter trading activity affected the rest of the complex. Hog futures followed a...
Livestock futures were under pressure as traders looked to the end of the year. Cash cattle were higher, but boxed beef was lower. Feeder cattle showed more selling pressure. Hogs tried to increase but fell apart as Thursday...
Live cattle were under some pressure Wednesday as the trade awaits cash activity. Hogs saw some spread trading with February the recipient of the buying interest.
Cattle futures had a rough beginning as the initial reaction to the Cattle on Feed report put pressure on the market Tuesday. However, that quickly dissipated, moving futures to positive territory. Hogs opened lower and extended...
Live cattle felt the pre-report effects of positioning, resulting in mixed trade. Feeder cattle fared better with triple-digit gains. The bearish implications of the Cattle on Feed report might put pressure on the market Tuesday...
Cattle could not continue the strength of Wednesday as futures likely have steady cash factored in and Thursday traders positioned ahead of the Cattle on Feed report. Hogs exhibited volatility but showed limited change at the...
Cattle futures struggled early Wednesday but found footing with futures moving to triple-digit gains in most contract months. Cash cattle look to trade at least steady this week. Hogs could not hold into positive territory...
Cattle could not hold onto their gains Tuesday into the close. This may be the pattern through the end of the year unless cash trades steady to higher this week. Hogs opened lower and just could not move back into positive...