A technical look at weekly charts of lean hogs, live cattle and feeder cattle.
Todd Hultman
DTN Lead Analyst
Todd Hultman is a DTN grain market analyst, and has worked in the commodity futures industry since 1985.
Todd began his career as a broker with Delta Futures Group in Omaha, where he relied on DTN's news and market quotes. In 1997, he left the brokerage business with a desire to spend more time researching the futures markets and educating others. The move led to the creation of an online educational resource for futures traders. That same strong interest to research and teach brought a Todd to DTN where he enjoys commenting on the grain markets. Todd is a 1981 graduate of the University of Nebraska at Omaha and has lived in the Omaha area for most of his life.
Recent Blogs by Author
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After five months of declining prices, the U.S. Dollar Index is turning higher, catching noncommercials vulnerable to short-covering.
More From This Author
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Todd's Take
Cash corn is trading near its highest prices in four years -- why?
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Todd's Take
As U.S. soybean prices trade near their highest level in four years, the choice as to when to sell becomes more complicated.
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Hurricane Delta Nears Cotton Fields
Cotton trading up as Hurricane Delta gets closer to making landfall.
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USDA Reports Preview
After finding less corn and soybean stocks on Sept. 1 than expected, USDA will present new balance sheets for 2020-21 on Friday.
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Todd's Take
Wednesday's controversial revision in corn stocks is a good time to mention my proposal for how NASS could help minimize market distortion.
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USDA Reports Preview
At 11 a.m. CDT on Wednesday, Sept. 30, USDA will release its reports of Sept. 1 Grain Stocks and Small Grains Summary. The reports will provide a check on old-crop ending corn and soybean stocks and give an update of wheat...
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Todd's Take
USDA is estimating record high world ending wheat stocks in 2020-21. So why are cash HRW wheat prices challenging one-year highs?
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Todd's Take
I can't predict where soybean prices will peak, but the 2018 high of $10.60 1/2 offers an interesting comparison.
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USDA Reports Preview
What to expect from the USDA's latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports, which will be released at 11 a.m. CDT on Friday, Sept. 11.
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DTN Before The Bell Livestock
Active contracts of cattle, feeders and hogs are all starting modestly higher early Friday, finding possible support in cattle prices and benefiting from increased pork exports in the cash of hog prices. Outside markets are...
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Todd's Take
In spite of numerous bearish hurdles, the path of least resistance for cash soybean prices has been gradually higher for nearly two years.
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DTN's Quick Takes
OMAHA (DTN) --December corn is down 1/2 cent per bushel, November soybeans are up 3 cents, December KC wheat is down 2 cents, December Chicago wheat is down 1 1/4 cents and December Minneapolis wheat is down 3 cents.
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Todd's Take
Recent evidence suggests China is scrambling for food supplies.
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Todd's Take
A Saturday drive through western Iowa got me wondering just how big the corn loss in Iowa might be from last week's severe winds and hail.
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Todd's Take
Managed futures funds have been net-short in corn for most of 2020 and have only been briefly challenged once. This week's rally represents a second challenge and may offer producers a chance for a better selling opportunity.
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USDA Reports Preview
Traders are bracing for what is expected to be a bearish World Agricultural Supply and Demand Estimates (WASDE) report.
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Todd's Take
COVID-19 caused extensive harm to the economy and damaged the bulk of commodity prices in 2020. In the past three months, however, five ag commodities have posted positive gains and outperformed the S&P 500, an interesting...
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DTN Before The Bell Livestock
Contracts of cattle, feeders and hogs are starting slightly lower early Wednesday, cautious in the case of cattle and feeders as traders encounter five-month highs. Outside markets are favorable for livestock early Wednesday...
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Todd's Take
Soybean crop ratings are high and November prices are struggling to get above $9.00. Amid several bearish concerns for soybeans in 2020, one bright spot is soybean oil.
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DTN Before The Bell Livestock
Contracts of cattle, feeders and lean hogs were all a little lower early Friday after cattle and feeders neared their highs for July. Hog futures continue to struggle at depressed levels, finding little help in a tough market...
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Todd's Take
With the coronavirus, 2020 has already been unusually bearish for corn prices and funds have been net short all year. A year like this could bring an earlier-than-usual harvest low.