Rick Kment

Prices surged higher with nearby lean hog futures locked in limit gains at midday. The widespread support is testing short-term resistance levels, with additional potential buyer support likely Monday.

Initial buyer support flooded into the lean hog complex, moving prices near short-term resistance levels as traders focus on potential demand growth in the near future.

Buyer support has steadily improved through the morning with firm gains seen in cattle and hog futures. Underlying fundamental buyer support is holding at midday with prices at or near $1 per cwt in nearby contracts.

Cattle trade is holding narrowly mixed trade activity early Thursday. The focus on additional fundamental market direction through the rest of the week will play a larger role in buyer activity over the rest of the day.

Pressure is seen in most cattle trade early Wednesday as traders try to adjust to the sharp market shifts seen earlier in the week. Trade volume is expected to remain light to moderate through the rest of the complex, allowing...

Limited activity is seen through the entire complex with prices mixed through the initial activity Wednesday. The aggressive gains in feeder cattle futures is sparking some early positioning through most contract months, which could...

Strong support, which developed late-day Tuesday in feeder cattle trade, will likely spark some renewed underlying support as markets open midweek. Hog futures are expected mixed in a narrow but choppy trading range.

Late day buying activity flooded the feeder cattle futures complex in the last hour of trade Tuesday afternoon. This renewed commercial support focused on weaker outside markets, which will lead to lower production and feed...

Market activity has shifted higher and lower through the morning with generally unsettled market direction still seen in all livestock trade. This may add some additional market pressure to the entire complex as volume is likely to...

Light to moderate pressure is seen across all cattle markets with live cattle trade leading the complex lower as increased trade activity is moving into the market following sluggish interest on Monday. This could add additional...

Light volume is seen in all livestock trade as the observance of Veterans Day is keeping trade activity limited. Mixed cattle markets are being offset by strong gains in hog futures.

Firm support is seen through all livestock trade early Monday. Trade volumes remain limited due to Veterans Day being celebrated and some traders out of the market. Hog futures continue to lead the market higher with limited...

Moderate to strong pressure is seen in all livestock markets as triple digit losses hold in cattle and hog futures. The lack of support at the end of the week may put additional pressure early next week.

Strong additional pressure is seen in live and feeder cattle trade early Friday morning. This pressure is gaining momentum in nearby contracts with little to no buyer interest willing to limit early session pressure.

Grain market weakness has quickly adjusted trader activity through the cattle market with buyers moving back into the market as prices are holding firm support. Hog futures have pulled off of session lows, but still remain weaker...

Light to moderate pressure is seen in all livestock markets early Thursday morning. This may add some additional uncertainty through the complex with traders focusing on recent market pressure in cattle and hog trade.

Light activity is seen in most livestock trade late Wednesday morning. The initial move higher in nearby lean hog futures has eased at midday, allowing for additional market adjustments to take place through the midweek session...

Light activity is seen through the entire livestock market with traders focusing on covering positions from earlier in the week. The sharp losses Tuesday in hog trade may allow buyer momentum to develop.

Limit losses develop in front-month lean hog futures, adding to the already weak market tone through the session. This may spark some additional underlying weakness through the rest of the week in most livestock trade.

Fundamental buyer support is trying to redevelop through the Tuesday session as moderate gains are seen at midday following early trade weakness. Sharp triple-digit losses swept through hog trade, creating additional market...

Limited support is seen early Tuesday morning in cattle trade with light to moderate price support moving back into live cattle and nearby feeder cattle trade. This could help to solidify additional market buying as the session...

Sluggish activity is seen through the entire complex early Monday morning. The focus on nearby gains in hog trade seems to be helping to solidify additional buyer support slowly trickling into the complex. Cattle trade remains under...

Moderate to strong buyer support has moved into livestock trade with triple-digit gains seen across cattle and hog futures at midday. This late -week support is helping to solidify market momentum through the end of October.

Trade is mixed in light activity early Friday morning. Traders are trying to adjust to previous market shifts with a generally bearish tone continuing across the cattle complex.

Active buying swept through lean hog trade as aggressive pressure in nearby feeder cattle trade is leading the complex lower. Lean hog futures are focusing on adjusting from sharp limit gains midweek, which is adding volatility to...

Limited direction is seen early Thursday morning with mixed market shifts seen in the opening minutes of activity. This could keep markets sluggish and within a narrow trading range through most of the session.

Active buying swept through lean hog trade. This moved nearby contracts sharply higher with December futures nearing daily trading limits through the morning. Firm support is seen in cattle trade, although market activity remains...

Triple-digit gains have flooded through the hog complex early Wednesday morning. This underlying support has helped to spark some additional activity to move into all livestock trade.

Strong market losses have quickly and aggressively moved through the cattle complex Tuesday morning. This is limiting expected early-week support and causing some longer-term market concerns. Hog futures have added to Monday...

Mixed trade seen Tuesday morning is being led higher by follow through support slowly but steadily moving through the lean hog complex. Moderate to firm pressure is quickly developing in cattle trade with outside market pressure...

Aggressive triple-digit buyer support has swept through nearby feeder cattle trade. This is helping to bring additional buyers to the market which were previously holding a defensive stance following last week's losses.

Cattle futures are moving higher in active triple-digit support as trader's factor into the smaller than expected gain in cattle in feedlots. Although supplies remain abundant, traders are focusing on potential market firmness...

Cattle futures have shifted lower through the morning Friday. This is creating additional weakness through the entire complex.

Light trade activity is seen early Friday morning with additional market direction potentially trickling into the complex through the day. Firm gains have redeveloped in hog trade based on end of the week short covering activity.

Moderate to strong pressure is seen through the entire livestock complex. Lean hog trade remains focused on additional nearby liquidation, accounting for triple-digit losses at midday.

Light activity early Thursday morning is keeping most traders on the sidelines. This lack of movement is causing pressure in nearby contract months, while light support is developing in deferred markets.

Pressure is seen in all livestock futures trade. This has focused morning selling pressure on nearby lean hog futures with spot month contracts trading $1.70 per cwt lower. The lack of buyer interest in the market is expected to...

Early trade is holding livestock futures in a narrow trading range as limited interest is seen early Wednesday morning. This could continue to cause market adjustments through the upcoming session as traders remain focused on...

Lean hog futures are expected to benefit from follow-through buyer support earlier in the week. This could spark additional underlying activity, although initial volume is expected to remain light.

Limited support was seen in livestock trade Tuesday afternoon with strong triple-digit losses seen in feeder cattle market. Early support in hog trade helped to stabilize price levels through the end of the day.

Follow-through buyer support has quickly moved into the hog complex. This has pushed nearby contracts $1 per cwt higher through most of the morning. Additional weakness in feeder cattle trade...

Prices have seen moderate trading ranges early Tuesday morning with firm support seen in lean hog futures while light to moderate pressure has swept through the cattle complex. This could allow for moderate market shifts...

Early trade Tuesday is likely to see a combination of follow-through buyer support and position-taking following strong early-week interest on Monday.

Strong late-day buyer support moved into live cattle futures, which helped to offset active pressure seen through most of the session. Triple-digit gains in hog futures are helping to spark renewed underlying trade activity.

Strong triple-digit gains have flooded the lean hog complex. This is pushing nearby lean hog trade to gains near $2 per cwt at midday as buyers quickly and aggressively step back into the complex.

Strong gains have quickly moved through the lean hog futures complex with triple-digit gains seen in all nearby contracts. This may spark additional underlying support through the entire livestock market.

Sharp follow-through losses have developed in feeder cattle trade at midday. This is putting pressure through the entire cattle market with limited volume keeping markets sluggish.

Firm losses have moved quickly through the livestock futures complex with cattle trade holding the most aggressive softness due to weakness in feeder cattle trade.

Hog futures are expected weak early Friday morning, although end-of-the-week positioning is expected to develop with traders focusing on bringing some stability to the weakening complex.

Additional triple-digit pressure is in most lean hog trade Thursday. The combined weakness this week has caused additional bearishness to develop through the entire complex.

Light activity is seen through the complex with prices mixed in cattle and hog futures. Nearby gains are being offset by follow-through pressure developing through the rest of the complex. This could keep markets hovering in a...

Follow-through pressure is expected through early trade Thursday morning. The widespread outside market losses continues to erode underlying commercial support across the livestock complex.

Strong losses are seen in most livestock trade midday Wednesday despite the early support seen in lean hog futures. This could further erode market support over the next couple of days.

Mixed trade is seen through livestock futures with moderate follow through pressure in cattle markets being countered by firming hog trade. The ability to bring some stability in hog futures could sharp some additional late week...

Early activity is expected to remain sluggish as a combination of short-covering and follow-through pressure develops. Concern of longer-term market shifts are starting to erode previous market support.

Triple-digit losses have quickly developed in hog and cattle trade Tuesday morning. The previous market support has given way to aggressive price pressure with nearby contracts holding $1 per cwt losses.

Moderate weakness continues to develop across all livestock trade as traders start to adjust to sluggish market activity seen over the last couple of sessions. Light volume is expected through most of the morning, limiting the...

Late day support seen Monday due to light holiday trade is expected to carry over into early Tuesday morning activity. This could spark additional commercial buyer interest through the complex.

Market activity remains subdued Monday as the Columbus Day holiday has limited overall market participation and overall direction to all livestock markets. Mixed trade is holding at midday, with little change expected through the end...

Sluggish market activity is expected to be seen through the entire Columbus Day holiday. Although livestock futures are trading a normal schedule, the fact that it is a holiday may limit market participation.

Firm market support is expected to move into livestock trade early Monday morning following a volatile week of back and forth shifts during the first week of October. Trade volume is expected sluggish through initial trade...

Sharp gains quickly flooded into lean hog futures trade during late-week trade. This pushed most hog futures to triple-digit gains as buyers rebounded from previous pressure.

Moderate to strong support is quickly developing in nearby hog futures trade. This has pushed December contracts over $2 per cwt higher with triple-digit gains holding in all nearby trade.

Firm trade support is seen in all livestock trade as traders try to adjust for recent market pressure. The lean hog futures complex is leading the market higher with triple-digit gains seen in December contracts.

Follow-through pressure is expected through livestock trade early Friday morning. It is uncertain if the initial market move will be able to hold as late-week adjustments will be the focus of many traders.

Strong follow-through pressure developed Thursday afternoon in lean hog and feeder cattle futures as traders focused on additional market liquidation. Firming cash cattle activity is starting to develop, potentially sparking...

Strong market pressure has continued to develop Thursday in hog and feeder cattle trade. Mixed live cattle markets seem to be helping to stabilize market levels, but the tone still remains weak midday Thursday.

Active price pressure has continued to develop through the entire livestock market early Thursday morning. The development of triple-digit losses in lean hog and feeder cattle trade is causing some additional underlying concern...

The strong market pressure midweek is expected to continue during initial market activity Thursday morning. Trade volume is likely to remain at a minimum during the first hour of trade, allowing potential wide price shifts.

Cattle and hog futures saw triple-digit price pressure Wednesday as traders quickly and aggressively moved away from previous support. This shift could cause some additional volatility through the end of the week.

Strong pressure is seen in cattle and hog futures. This may add some additional weakness through the rest of the week. Limited trade is expected to be seen across the complex due to the lower prices, which may limit overall...

Moderate to strong losses have quickly swept through the entire livestock complex. Lean hog futures are leading the shift lower with December contracts reaching losses near $2 per cwt in early trade.

Limited trade in a mixed price range is expected midweek as traders focus on what could be a choppy market shift through the end of the week. This may leave many traders on the sidelines watching not only livestock fundamentals...

Mixed activity was seen late Tuesday as buyers slowly trickled into the market following early morning pressure. Narrow trading ranges in most contracts left the market directionless, but allowed for previous firm market support...

Limited activity is seen in livestock futures Tuesday morning. Cattle futures are lower in light to moderate pressure with very little direction developing across the complex.

Trade Tuesday has turned sluggish as traders focus on market adjustments following the early-week rally. This may add some additional uncertainty through the complex over the next couple hours.

A combination of strong follow-through support following the Monday gains, and position-taking is expected to develop early Tuesday morning with traders focusing on outside market direction and limited developments in market...

Sharp gains have continued to develop in lean hog futures. This consecutive triple-digit rally in lean hog futures may spark additional long-term support later in the week.

Strong follow-through buying has quickly flooded into lean hog futures. This is pushing most contracts $1.50 to $2 per cwt higher as traders remain focused on long-term buying interest developing across the complex.

Strong gains late last week and a fresh month and quarter is expected to bring light buyer support back to the complex early Monday. Volume is expected to remain limited most of Monday morning, but the underlying tone of the...

Live and feeder cattle futures posted triple-digit gains as early week pressure was offset by commercial buying support. Lean hog futures have struggled to keep pace, eroding at midweek.

Light to moderate support is seen through the entire cattle complex midday Wednesday. This support is focusing on commercial buyers moving back into the complex following early-week market adjustments.

Light to moderate buyer support is moving back into the cattle complex. This is helping to spark some underlying buyer interest through the entire cattle complex.

Sluggish trade activity within a narrow to moderate trading range is expected in livestock futures early Wednesday morning. Light volume may attempt to adjust positions midweek.

Limited activity developed late in the day across cattle markets, pushing prices higher and attempting to bring some stability to the market following Monday's losses.

Light trade is seen through the entire livestock complex with traders looking for additional underlying support. The narrow trading ranges seen at midday are likely to hold through the end of the session.

Very little market direction is seen early Tuesday morning. This may limit additional market moves during most of the trading session. The sharp losses seen Monday in cattle markets seem to be focusing on the ability to find market...

Firm pressure is likely to develop in most contracts with traders still focusing on growing supplies in cattle trade, while the release of the Cold Storage report will bring about increased market weakness Tuesday.

Cattle futures traders worked the information from Friday's Cattle on Feed report through most of the session. This left prices with triple-digit losses, although volume remained moderate.

Firm pressure in cattle trade is setting the tone as traders continue to trade the cattle on feed data through the day Monday. This is expected to leave cattle futures weak through the end of the session.

Light-to-moderate price pressure is expected to slowly develop through live cattle and feeder cattle trade with traders focusing on Fridays, Cattle on Feed report.

Light to moderate pressure is seen through the cattle complex following the cattle on feed report Friday. This is weakening the overall tone of the market in early-week trade.

Limited activity developed in all livestock trade Wednesday with very little market direction seen. Cattle markets were contained to narrow market moves as traders tried to establish short- and long-term direction.

Trade remains mixed in all livestock markets with very little activity seen through the morning. Sluggish market moves are expected through the end of the session.

Limited pressure in light trade is eroding live cattle futures early Wednesday morning. This may add some additional market softness as the session continues, but losses seem to be well contained following recent market surges...

Limited activity is expected early Wednesday morning with traders looking for additional longer-term direction and the potential to bring additional support to hog futures.

Strong support exploded in nearby lean hog futures early Tuesday morning with October futures sparking additional underlying support in all lean hog contracts. Cattle futures were under limited pressure as traders continue to...

Aggressive market support continues to develop across the complex in lean hog trade. This is helping bring increased momentum through the entire market.

Limited activity is expected to be seen early Tuesday, with mixed market activity developing as traders focus on market fundamentals and outside market direction.

Following the sharp market rally seen Friday, trade Monday seemed generally sluggish with prices mixed through the complex. Cattle markets are mixed to mostly higher, but any sense of support limited buyer support and minimized any...

Sluggish market activity is seen early in the complex with active pressure in lean hog futures easing slightly as the morning continues. Mixed trade looks for increased buyer support early in the week.

Traders in the cattle complex are pulling back from triple-digit gains seen late last week. This focus is expected to be position taking at this point given the limited volume and wide market swings in the complex. Market stability...

Mixed trade is expected to develop Monday morning as the sharp gains in cattle markets Friday will spark some additional market movements.

The livestock futures followed a strong, early rally in live cattle contracts on Friday. October live cattle futures posted limit gains as traders broke out of the sideways trading pattern.

Triple-digit buying has quickly moved into all cattle markets following front-month October futures bursting above $112 per cwt through morning activity. This has sparked widespread buyer support through all cattle markets.

Light to moderate support is seen in the cattle complex. This is helping to spark some additional underlying support through the entire complex. Hog futures remain mixed in limited early morning activity Friday. This could help to...

Limited direction is expected early Friday morning as most traders will focus their attention elsewhere. The impact of Hurricane Florence will likely have a huge impact on all markets through the end of the week.

Livestock futures bounced back from early lows, but a lack of trade interest combined with aggressive gains at midday has led to uncertainty through the market. Continued outside market pressure is adding to the uncertainty.

Buyer support has attempted to trickle into early losses across livestock futures. This is keeping prices mixed in a narrow to moderate range. Trade volume is expected to remain sluggish through the remainder of the session.

Early pressure quickly developed in livestock futures with traders looking for increased overall stability following aggressive midweek gains. Moderate losses appear to be holding with losses seen through the entire cattle and hog...

Early follow-through buyer support is expected Thursday morning. This is likely to spark some additional underlying activity through the entire complex. But the recent gains may allow for widespread volatility through the end of the...

Strong gains quickly developed in all livestock trade with cattle and hog futures holding triple-digit gains in nearby contract months. This is helping to calm some fears that additional weakness may trickle through the market in the...

Aggressive support has quickly moved into all livestock markets with triple-digit gains holding in nearby cattle and hog futures. There continues to be additional buyer support moving into the market following additional corn market...

Sluggish activity is seen in all livestock markets early Wednesday morning. Traders seem to be focusing more on potential outside market shifts midday than any directional market moves in cattle on hog markets. Mixed trade is seen...

Light to moderate pressure is expected early Wednesday, despite limited volume may keep trade mixed in a narrow to moderate range. Most of the focus Wednesday will be shifted to the grain complex as traders look toward the USDA...

Light-to-moderate pressure was seen in all livestock trade Tuesday as traders remain unable or unwilling to step back into the complex. Limited new information left traders focused on sluggish market activity and further price...

Markets remain soft early Tuesday, although very little additional market direction is expected to be seen through the rest of the session.

Limited trade is seen through the complex Tuesday morning with light to moderate price pressure developing cattle and hog futures. Markets remain in a sideways trading pattern, with no indication of breaking out of this range.

Narrow trading ranges are expected to once again develop early Tuesday morning in all livestock markets. This could keep traders on the sidelines looking for additional outside market direction through much of the morning.

Firm pressure swept through most lean hog futures in the late minutes of trade Monday. Limited trade volume has increased concern that additional volatility may quickly develop.

Light activity is seen through the entire complex. This is leaving very little long-term direction in the market Monday as traders look for fundamental market moves.

Trading ranges remain mixed in all livestock trade early Monday morning. This is adding to the recent market shifts seen late last week and is expected to bring about increased trade volume later Monday.

Limited hog market support late last week is likely to allow limited trade in futures early on Monday. Traders are expected to remain on the sidelines in all markets during early trade.

Moderate-to-strong buyer support in the cattle trade late Friday helped to offset the lack of direction seen through most of the holiday-shortened week. Hog markets closed mixed after posting firm losses most of the session.

Moderate pressure is seen in lean hog futures trade as traders have quickly backed away from previous gains. Firm interest is trickling into cattle trade, posting solid gains late Friday.

Narrow trading ranges have once again developed early Friday. This may keep markets stable through the end of the week.

Traders continue to focus on limit gains in front-month October lean hog futures Thursday as end-of-the-week buying is expected to continue. The overall support through the hog market continues to spark some return interest...

Aggressive buyer support quickly swept into the lean hog complex Thursday, pushing front-month October futures $3 per hundredweight higher. The focus on potential global demand helped spark buyers' interest, but aggressive gains...

Buyer support has returned to nearby lean hog futures with triple-digit gains seen in October and December contracts. The focus on increased cash hog prices is helping to solidify trader confidence.

Narrow trading ranges have been seen in cattle markets with live cattle markets showing very little direction. Hog futures are firmly higher based on strong follow-through buying.

Prices remained choppy through most of the midweek session. Mixed trade was seen in most contracts as traders try to adjust markets following previous market shifts last week and Tuesday.

Follow-through support has quickly moved into nearby lean hog futures with the strongest support developing in front-month October contracts. Live cattle markets remain unwilling to shift higher following early-morning pressure...

Traders are slowly backing away from the strong early-week support seen in markets Tuesday. Limited trade is seen early Wednesday, which is holding narrow price pressure in all markets.

Strong triple-digit gains have quickly moved into livestock trade Tuesday morning. Traders who took protection late last week have moved back into the complex with triple-digit gains holding at midday.

Limited market activity is seen through the livestock markets with cattle futures mixed in a narrow to moderate range. Early-week support has trickled into lean hog futures, but buyer depth is still uncertain.

Sharp price shifts have quickly developed Friday due to limited activity and traders squaring positions at the end of August. Markets will remain closed until Tuesday due to the Labor Day holiday...

Light to moderate buyer interest slowly moved into live cattle and feeder cattle futures trade Thursday morning. This helped to spark some additional underlying activity during late-week trade.

Light buyer support is slowly stepping back into the complex. There is growing interest through the end of the week as traders look for cash interest developing through the complex.

Cattle futures have turned lower once again as follow through weakness has offset any initial support moving into the complex. Hog futures are mixed after early buyer support has tried to create market stability.

Traders have quickly moved away from the wide price swings seen early in the week with markets mixed in a narrow trading range during early midweek trade. This could help to draw additional commercial support to the entire complex...

Triple-digit losses have quickly developed in most livestock contracts Tuesday morning. Traders are quickly readjusting market positions following the overall lack of follow-through support seen in cattle and hog trade Tuesday.

Narrow trading ranges have slowly trickled into livestock trade with mixed lean hog futures and narrow losses seen in cattle markets. The limited volume is keeping most traders on the sidelines.

Strong triple-digit gains have exploded in nearby lean hog futures. The renewed support seen Monday could help to spark additional commercial and investment trade back into the complex. This could lead to limit gains through...

Sharp triple-digit losses have quickly developed in all cattle trade. The overall lack of support comes after very limited activity through most of the morning and general market uncertainty during the week.

Early livestock trade remains directionless with prices mixed in a narrow to moderate range. This has limited overall direction in cattle and hog futures as traders appear to be allowing markets to coast into the weekend break.

Moderate weakness has developed across the livestock complex Thursday morning. This is adding even more weakness to the complex with traders looking for additional uncertainty through the entire complex.

Limited activity Wednesday through the entire complex. This may add some additional uncertainty through the end of the week. Trade is focused on the ability to spark additional buying in lean hog markets through the end of the week.

Active pressure has continued through all livestock futures. Even though cattle and hog futures are holding triple-digit losses, limited trade volume is likely to be seen through the end of the session.

Livestock futures have stabilized Tuesday morning following early-week pressure. The ability to bring limited buying support back to the complex is helping keep prices firm.

Limited activity was seen through the entire complex. This may add some additional uncertainty to the through the end of the week. Trade focus is expected to remain on the ability to spark additional buyer activity in lean hog...

Livestock futures have stabilized Tuesday morning following early-week pressure. The ability to bring limited buying support back to the complex is helping keep prices firm.

Narrow trading ranges are seen in all livestock markets early in the session Tuesday. This may add some additional uncertainty through the morning following market positioning seen on Monday.

Pressure has redeveloped across the lean hog complex as traders have focused on squaring positions following the aggressive shift higher over the last week.

Early pressure is seen in cattle trade Monday morning. The focus has moved to limited position taking following strong triple-digit gains seen late last week. Limited volume is expected through most of the morning.