Rick Kment

Limited movement is seen in livestock trade following initial market adjustments in hog and cattle trade. The narrow market moves is limiting additional volume across the complex.

Livestock trade remains quiet with mixed market shifts developing as traders attempt to square positions due to the light volume.

Follow-through support is expected in most livestock trade Wednesday morning. The aggressive near-limit gains in hog futures is setting the stage for increased buyer interest in the near future.

Sharp gains redeveloped in lean hog futures following triple-digit moves securing even more bullish underlying trade expectations.

Strong underlying gains have quickly and aggressively moved back into lean hog futures as traders focus on further market support. August futures are leading the complex higher, sparking expectations of further support.

Strong early gains have moved into hog futures once again. This is helping to support underlying gains as traders continue to move price levels away from summer lows, expanding the recent market rally in all nearby contracts.

Limited volume is expected during initial trade with a combination of follow-through buyer support and position taking following early-week gains.

Active buying supported feeder cattle futures with triple-digit gains in all contracts. This countered losses from last week as traders focused on stable supplies and expected firm demand.

Feeder cattle futures posted triple-digit gains with increased support developing as grain markets eroded Monday morning. Traders continue to focus on stable supply levels, sparking unified support Monday.

Narrow trading ranges are seen in cattle trade as traders adjust following the cattle on feed report that brought limited direction. Hog futures are also mixed with a combination of position taking offset by follow-through buying.

Limited activity is expected early Monday with narrow trading ranges expected in cattle trade following cattle on feed and cattle inventory levels meeting early expectations.

Active support pushed nearby contracts to triple-digit gains as a combination of fundamental and technical support led late week rallies. This broke through short-term resistance levels, setting month-long highs.

Active support returned to lean hog trade Friday morning following lackluster interest during early trade. The focus on breaking out of recent sideways trends sparked renewed interest.

Limited direction is seen Friday morning with narrowly mixed price movements are developing in all markets. This could limit further end-of-week direction as traders focus on adjusting previous positions.

Ahead of Friday's cattle reports, live cattle and feeder cattle are expected to be mixed with traders adjusting positions. Firm market support is expected through the end of the week.

Limited buying in cattle trade Thursday allowed for underlying weakness through the complex. Feeder cattle led the complex lower. Hog futures posted moderate gains in most contracts as traders offset initial losses.

Triple-digit pressure eroded Thursday morning, allowing for increased buyer support to redevelop across lean hog futures. Cattle trade remains lower as limited softness is seen in most contracts.

Traders in the hog complex are covering positions following aggressive price support at midweek. The weakness is not out of line with expected market corrections.

Limited direction is expected as traders return to the complex Thursday morning with market adjustments likely following active hog market support midweek. Mixed trade is likely through most of the morning.

Narrow trading ranges are seen through cattle futures with most contracts adjusting slightly lower following active support last week. Hog trade is firming as early-week trade is building on the support seen over the last few days.

Light activity is expected to redevelop during early-week trade although limited volume is likely during the first couple of hours. Initial market direction is likely to be hard to pin down due to follow-through buying and position...

Renewed buyer support quickly and aggressively moved into lean hog trade, offsetting the price pullback seen Thursday. Continued support is developing in live cattle trade with traders breaking through resistance levels as October...

Following a wild week of price shifts and directional changes in livestock futures, trade is expected to slow slightly Friday morning. This could mean mixed market activity in most contracts at opening bell.

Traders continue to balance follow-through buying and early morning position taking with live cattle futures mixed in a narrow, single-digit range. Moderate pressure in hog futures with firm losses pulling away from previous gains.

Limited early-morning activity is expected Thursday, allowing mixed market shifts to develop in cattle and hog futures. Despite continued underlying support in all trade, the depth of buyer interest moving into the complex is...

Traders focus on narrow price shifts and market adjustments early Wednesday morning. This is allowing for increased underlying support through the complex with increased volume expected to bring further direction late Wednesday...

Follow-through buyer support is expected to redevelop in livestock trade Wednesday morning after traders broke out of the recent trading range in cattle markets Tuesday.

Triple-digit gains were seen throughout livestock trade Tuesday as traders quickly and aggressively moved back into the market. The abrupt shift in hog futures from Monday's sharp losses has added more uneasiness through the...

Despite early morning pressure in hog trade, sell orders quickly evaporated, allowing for aggressive price surges midmorning Tuesday. This momentum stimulated additional buyer support through the entire complex.

Active pressure in lean hog trade Monday sparked additional uncertainty about the long-term support in the pork market. This will likely lead to a combination of follow-through liquidation and short-covering Tuesday morning.

Lean hog futures fell by triple digits again Monday with most nearby contracts testing long-term support.

Limited market direction is seen during early-week trade with prices holding moderate to firm losses as traders continue to focus on increased pressure in hog trade.

Livestock futures opened mixed in a narrow to moderate range as increased volume moved back into the complex. The underlying support developing late last week in cattle trade appears to be gaining more momentum through the...

Monday morning trade is expected to be mixed as traders return to the complex following the sluggish holiday late last week. The limited volume Friday allowed for wide market swings, creating potential adjustments Monday.

Market activity remains significantly subdued following the holiday break with many traders waiting until next week before stepping back into the complex. This has led to wide initial price swings, which are holding through the session.

Livestock futures are holding aggressive triple-digit market swings Friday morning as aggressive hog market pressure is offset by a strong cattle market rally. Light volume may allow for wide market shifts to hold through the...

Following Thursday's holiday, limited interest is expected to redevelop as many traders are absent for the long holiday weekend. This could spark additional market shifts based on lack of volume in the complex.

Triple-digit losses in feeder cattle set the tone for the livestock markets Wednesday during the abbreviated pre-holiday trading session.

Triple-digit losses have flooded through nearby feeder cattle trade in reaction to double-digit gains in corn prices. Limited volume is seen through the morning as traders prepare for an early market close.

Trade volume is sluggish early Wednesday morning as traders adjust positions in front of the holiday Thursday. Markets will remain closed Thursday in observance of Independence Day, limiting trade activity through the rest of the...

Trade is expected to be light Wednesday morning with an early close and upcoming holiday limiting overall trader interest. Mixed trade is expected with little market direction likely through the end of the week.

Livestock trade interest slowly eroded Tuesday, leading to mixed closes in lean hog and live cattle futures. Livestock markets are likely to lack direction the rest of the week surrounding the Fourth of July holiday, leading to...

Initial follow-through support Tuesday morning slowed significantly as mixed trade is developing in live cattle and lean hog trade based on limited volume and additional buyer interest.

Limited volume is seen Tuesday morning, although follow-through buyer activity is pushing cattle and hog futures higher as renewed support moves into the complex during early July.

Moderate-to-wide market adjustments are expected in cattle and hog futures Tuesday as traders assess market direction this week and adjust to the wide market swings seen on Monday. Limited volume is likely through the rest of...

Despite the call for caution surrounding the truce in the ongoing trade war, lean hog futures surged higher as active buying moved into the already oversold complex. This may spark additional price swings through the...

Underlying support moved through the lean hog futures complex early Monday morning. Although details remain limited, the potential for increased China trade following last week's trade talks is sparking buyer activity.

The result of trade talks with China last week is a "cease fire" in the trade war. Although this does not insure a trade deal in the near future, it is the closest either side have come to progress in the last couple of months...

Limited-to-moderate support is expected early Monday as traders step into the complex following the announcement of a "cease fire" in the trade war between the U.S. and China. This is helping to rekindle hope that progress can...

August hogs are trading moderately lower after USDA said late Thursday that there were 75.5 million head of hogs and pigs in inventory on June 1, the most on record and a 4% increase from a year ago. Cattle and feeders are...

End-of-week pressure is expected in lean hog futures as traders adjust to the aggressive triple-digit gains on Thursday. Record hog inventory levels of 75.5 million hogs signal continued herd growth during 2019.

Strong underlying support developed in lean hog trade ahead of the hogs and pigs report. Hog inventory levels increased 4% from year ago levels, but much less aggressive growth developed over the last three months.

Light to moderate trade is seen in cattle futures as traders show little enthusiasm following sharp midweek gains. Narrow losses are holding through live and feeder cattle trade with little incentive to move prices significantly in...

Livestock trade remains mixed in sluggish trade Thursday morning as traders continue to assess longer-term direction and the potential for end-of-week cattle gains to continue. Hog futures are contained in a narrow range with...

Renewed buyer support is expected to slowly develop in live and feeder cattle trade following sharp triple-digit gains Wednesday. Feeder cattle has access to expanded trading limits Thursday, allowing for potentially wide market...

Feeder cattle futures moved limit higher Wednesday, leading to triple-digit gains in all cattle futures. This bounce off of recent lows may be the trigger traders have been looking for to break away from the weaker pattern.

Limit gains have swept through feeder cattle trade Wednesday morning as active support moved into all cattle futures. This move could stimulate active end-of-week support, reviving additional price gains during early July.

Active buyer interest is moving into livestock futures Wednesday morning. Feeder cattle is leading the complex higher with triple-digit support moving through the complex, while firm underlying support is starting to develop in live...

Limited morning trade is expected in cattle and hog futures Wednesday as traders try to adjust to the wide market swings over the last couple of sessions. The rally in lean hog and live cattle trade Tuesday could bring stability...

Live cattle and lean hog futures moved higher Tuesday as traders adjusted positions following sharp losses last week. Hog trade led the complex higher with $1.95-per-cwt gains, potentially sparking renewed buying activity midweek.

Triple-digit gains quickly move into lean hog trade as traders push prices off of 10-month lows. This is helping to rekindle a sense of market stability near $75 per cwt. Cattle futures remain mixed following choppy morning price...

Limited buying is moving into livestock trade focusing on covering short positions seen Monday. This may help to provide a sense of market stability through the end of the month.

Livestock traders continue to search for underlying market support following the sharp shift lower last week. This recent pressure has broken through long-term support in lean hog trade, while feeder cattle futures have set...

Hog futures ended the sharply lower with July through October futures closing $3 per cwt lower. Widespread end of the week losses developed in all livestock trade, creating concern of additional pressure early next week.

Active pressure quickly moved into hog and feeder cattle trade through the morning with increased underlying pressure sparking widespread liquidation. Live cattle futures remain lightly traded, but mixed in a narrow to moderate...

Limited follow-through pressure in hog markets is creating a break from the aggressive losses Friday. This may help to bring about increased buying interest later in the week. Live cattle futures are mixed in a narrow range early...

Follow-through pressure is expected early on Monday after triple-digit losses in cattle and hog futures Friday. Limited early volume may allow for short-covering, but the general tone of the market is expected to be weak.

July through October lean hog futures closed $3 per cwt lower Friday. Losses were seen throughout the rest of livestock trade, as well, leading to concern of additional pressure early next week.

Livestock futures posted triple-digit losses as nearby contracts broke through short-term support levels. Additional liquidation is expected through the end of the week.

Triple-digit losses have flooded into livestock futures Friday morning with increased underlying pressure sparking widespread liquidation.

Sharp losses developing in all livestock trade Thursday sparked increased underlying weakness in the entire complex. A combination of follow-through selling and end-of-week short-covering is likely early Friday morning.

Lean hog and feeder cattle futures saw triple-digit losses Thursday. Continued gains in grain futures are leading to uncertainty about feed costs.

Active losses have moved through feeder cattle trade Thursday morning in reaction to continued price support across corn markets. Hog futures have quickly pulled back from midweek gains, with firm to active losses.

Early trade is mixed in a choppy yet sluggish tone as traders try to adjust from previous market swings while adjusting to the upcoming market direction over the next couple of days.

Firm gains developing in lean hog trade Midweek is expected to spark follow-through buyer support as traders focus on potential upcoming trade talks with China and hopes that this will improve the chances of a trade deal over...

Wide market shifts developed in nearby futures with firm losses of $1 per cwt developing in live cattle futures while moderate to strong support moved into lean hog futures.

Lean hog futures remain firmly higher Wednesday morning as traders place renewed hope on the expected trade talks with China next week. Cattle markets remain sluggish as pressure developed within a narrow to moderate range.

Trade activity remains sluggish Wednesday morning with livestock futures mixed in a narrow range. Traders appear to be content holding markets at current market levels as they search for increased direction through the end of...

Limited interest is likely early Wednesday as traders continue to reposition holdings following the moderate swings in prices over the last few days. Increased demand concerns in hog futures may continue to erode nearby support.

Livestock futures saw strong support early Tuesday, but trade turned mixed later in the day. Deferred futures held onto gains, but nearby lean hog and live cattle futures closed lower.

Triple-digit gains seen early Tuesday morning have eroded through the session, although the tone of the market remains firm with limited gains holding across the complex. Markets are expected to hold prices in current ranges...

Technical support is developing in early-week trade through nearby lean hog futures. This is helping to stimulate additional buyer support across the entire complex.

Firm underlying support in early-week trade is likely to bring additional price movement into the complex Tuesday. Limited volume is expected at opening bell, creating the potential for position-taking Tuesday morning.

Despite initial follow-through pressure, buyers quickly moved back into the oversold market as traders covered recent short positions. This left triple-digit gains as limited resistance developed Monday.

Moderate to firm support moved into livestock trade Monday morning following aggressive initial pressure. The inability to spark further market liquidation has quickly changed the tone of the market, pushing prices higher midday...

Firm pressure entered most livestock futures Monday morning as active losses quickly developed in feeder cattle and lean hog trade. This is limiting potential market stability during early-week trade.

Firm pressure late last week in all livestock futures is likely to bring about follow-through selling Monday morning. The weaker tone in hog futures has traders searching for longer-term support levels.

Livestock futures fell Friday as traders liquidated positions at the end of the week.

Lean hog trade continues to chop higher and lower through the week within the same moderate-to-weak trading range. Triple-digit losses developed midday Friday as traders return the focus on uncertain long-term demand.

Trade remains sluggish Friday morning with a combination of follow-through selling and short covering moving through cattle futures. This is expected to keep prices mixed most of the morning.

Wide market swings over the last few days in cattle and hog futures may continue Friday as traders try to adjust positions ahead of the weekend.

Feeder cattle futures fell by triple digits Thursday on double-digit gains in corn prices, which are fueling concerns of higher production costs.

Light to moderate buying slowly but steadily moved into livestock trade with hog futures bouncing higher during morning trade while cattle futures are pulling away from initial market losses.

Strong gains in corn trade has once again caused cattle traders to run for the exits, leading to sharp triple-digit losses in live and feeder cattle trade.

Follow-through weakness is expected in the livestock complex Thursday morning with traders searching for short-term support following the most recent market pressure. This is likely to lead to mixed trade early Thursday morning.

Selling developed in hog and cattle trade midweek after grain futures shifted higher. Rising production costs and late-year demand uncertainty is leading to moderate-to-active liquidation in all livestock markets.

Strong follow-through losses are seen in all livestock trade with triple-digit pressure seen in cattle and hog futures due to feed price concerns and continued trade issues.

Moderate to firm losses developed in lean hog trade early Wednesday morning. The continued pressure spilling over from Tuesday's swift shift lower is adding more volatility to the complex.

Trade is expected to remain sluggish Wednesday morning with limited follow-through buying mixed with midweek position-taking following the wide market swings over the last several trading days.

Livestock futures traded in wide ranges Tuesday. Sharp pressure was seen in hog and feeder cattle futures as traders focused on tight corn supplies and increased production costs as well as limited demand.

Strong gains in corn futures trade following the morning USDA crop report sparked widespread pressure in livestock futures. The focus on higher feeding costs once again pulled buyers away from livestock markets.

Livestock futures remain mixed early Tuesday morning as traders adjust to sharp early-week price gains. The inability to bring active buying back to the complex is not surprising, but could spark some additional midday market shifts.

Strong early-week gains are expected to spark additional underlying support through the entire complex. Follow-through buying is likely to be met with attempts to cover positions following the triple-digit gains that developed Monday.

Livestock futures reversed late-week losses Monday to close triple digits higher. Follow-through buying could be seen the rest of the week.

Active support moved into all livestock trade as traders quickly back away from Friday's losses. The resolution to Mexican tariff levels has caused renewed buying.

Moderate gains are moving into all livestock markets as traders react to sharp end of the week losses. Short covering in cattle and hog trade is the main order of business as traders try to find renewed stability following last...

Expanded trading limits will be available Monday morning in lean hog futures following limit losses late Friday. Late-week trade concerns surrounding a Mexican deal may lead to market optimism after a decision was reached late Friday...

Firm follow-through support is developing in live cattle trade as traders focus on building on recent buyer interest returning to the complex at the end of the week. Hog futures remain under moderate pressure based on trade...

Trade is expected to be mixed in a narrow range on Friday as traders focus on cash market direction and whether cattle and hog futures will regain footing Thursday after widespread early pressure. Limited trade is likely as...

After falling Thursday morning, hog and cattle futures bounced back at closing bell.

Losses quickly developed through livestock trade as renewed buyer interest moved into the grain complex, pushing corn and wheat prices higher. Feeder cattle trade is leading the complex lower with triple-digit losses.

Market softness slowly trickled into futures trade with cattle markets holding narrow losses at opening bell. Position adjustments following recent sharp gains is the main focus early Thursday.

Buyer interest is expected by the end of the week as technical support is redeveloping following the market tumble the last month. Traders will be looking for outside market direction early Thursday, which will impact livestock...

Feeder cattle futures rose by triple digits again Wednesday as traders reacted to a strong pullback in corn prices.

Underlying support is redeveloping in cattle futures with moderate gains slowly but steadily developing across the complex.

Feeder cattle futures surged by triple digits Tuesday with gains of $4 per cwt or higher seen through most of the complex during morning trade. Though trade was mixed in a narrow range most of the rest of the day, firm gains...

Renewed support in live cattle and feeder cattle futures are highlighting the livestock complex. A combination of spill-over buying in extremely oversold cattle futures is helping to highlight triple-digit gains across the market.

Strong initial moves higher in feeder cattle trade has helped to bring additional volume back into the complex. This may spark some renewed stability in all cattle trade over the next couple of days.

Activity early Tuesday will point to potential support levels in cattle and hog trade as mixed price levels are expected to once again develop in the opening minutes of trade. Despite the bearish underlying tone in the complex, an...

Despite firm buyer support early Monday morning, underlying pressure over the last couple of weeks lent weakness to the entire complex. Hog futures carried the brunt of the pressure with fall contracts sliding over $2 per cwt...

Despite strong upward price shifts early Monday, the tone of the market weakened once again with trades pushing most prices firmly lower as volume returns to the complex. Deferred lean hog trade leads the complex lower, focusing...

Early support Monday morning as buyers tried to take advantage of early-month short covering have eroded with prices mixed following strong triple-digit gains at opening bell. Underlying fundamental concerns are being paired with...

Livestock futures turned even uglier through the end of May with triple-digit losses holding in cattle and hog futures at the end of trade Friday. The recent grain market rally and continued trade issues have traders running for...

Limited direction at the end of the week left markets searching for additional market support and mixed price levels.

Moderate to strong follow-through pressure is seen in cattle and hog trade Friday morning as trades remain concerned about production costs and feed supplies. Growing uncertainty about overall economic strength continues to...

Despite the bearish tone in cattle and hog futures, market moves Friday morning may remain mixed and volatile due to end-of-month position-taking in the complex. Traders are also closely watching for additional direction in grain...

Nearby cattle futures tumbled to limit losses Thursday. This pressure spilled over to the live cattle trade.

Strong pressure has swept through lean hog and feeder cattle trade Thursday morning following additional gains in grain trade. The focus on increased feed costs is bringing additional bearishness to livestock markets.

Lean hog traders have quickly reacted to the renewed support in corn futures market activity, as traders pull back from midweek gains. Mixed cattle trade may limit overall volume through the end of the week.

Limited direction is expected to redevelop Thursday morning with follow-through buyer interest moving back into lean hog trade while cattle futures are expected mixed to mostly higher during early trade.

Hog futures turned higher late Wednesday with prices pushed to triple-digit gains. Initial selling pressure succumbed to lack of volume, allowing a market vacuum as July futures posted $2 per cwt gains.

Light but steady buyer support moved back into lean hog futures with traders focusing on underlying technical support near $86 per cwt in August futures.

Continued strong support in grain trade has posted aggressive double-digit gains in corn and soybean trade. This continues to affect livestock trade with moderate to strong losses developing in cattle and hog futures Wednesday...

Moderate to firm weakness is expected to redevelop in feeder cattle and lean hog trade. Market pressure seen early in the week is causing long-term concerns of additional market pressure developing over the next few weeks.

Active selling quickly swept through the lean hog market Tuesday, pushing most futures contracts triple digits lower. Nearby contracts fell to two-month lows. Cattle futures closed mixed on increased feed costs having a major...

Despite mixed early trade, sellers quickly returned following the weekend break, pushing feeder cattle and hog futures sharply lower.

Moderate support moved into live and feeder cattle futures as traders see the initial impact of Friday's cattle on feed report on market direction Tuesday morning. With placements and on feed numbers still large, but lower than...

With traders stepping back into the complex following the long holiday weekend, additional volatility is likely given the wide hog market swings late last week.