Rick Kment

Livestock trade saw wide swings Wednesday as strong gains in the cattle market and weaker hog trade offset early week market shifts. Volatility is likely to continue.

Sharp losses developed across lean hog trade with traders focusing on limited buyer activity through the entire complex as prices break through support levels.

Renewed pressure has quickly developed in lean hog trade. This is sparking additional weakness through the complex as nearby contracts break through short-term support levels.

Strong pressure in cattle trade Tuesday is expected to bring a mixed bag of follow-through selling and short-covering when markets open Wednesday morning. This may swing prices in a moderate-to-wide range in early activity.

Strong pressure developed throughout the cattle trade Tuesday. Hog futures were mixed, following limited trade activity.

Sharp losses have quickly developed across feeder cattle futures Tuesday morning. This pressure is causing all cattle markets to adjust lower through morning trade. Early support in hog trade has eroded through morning trade.

Moderate to sharp losses have quickly developed in cattle futures with initial losses in feeder cattle trade setting the tone for the market softness. This may add even more weakness through the entire complex Tuesday.

Follow-through buyer support is expected to quickly step back into the market following the long holiday weekend. This will likely be met by some position-taking as traders try to adjust longer-term trends through the end of the...

Strong end-of-the-week rallies developed in the lean hog trade. This helped to spark some additional underlying support through the entire complex going into the long weekend.

Active buyer support quickly moved into the lean hog complex Friday morning. With spring and summer hog futures posting $2 to $2.70 per cwt gains at midday, limit market gains are still possible.

Limited market activity is seen through the complex with limited price pressure redeveloping in the cattle complex. Hog markets have posted firm gains through early morning trade Friday.

Market weakness through the end of the week is creating additional market pressure in cattle and hog futures. This could allow for moderate price shifts as traders adjust positions ahead of the long holiday weekend.

Sharp losses developed in nearby feeder cattle trade, sparking additional softness through the entire cattle complex. This could lead to additional liquidation through the next couple of weeks.

Pressure quickly developed across all feeder cattle markets as triple-digit losses quickly moved prices below short-term support levels in spot January contracts. This sparked additional weakness through the entire cattle market.

Aggressive pressure is seen through the feeder cattle complex Thursday morning, pushing prices through support levels set in November and sparking additional losses.

Market weakness in lean hog futures is expected to spill over into early Thursday trade. This could add to additional pressure in all livestock markets.

The lean hog and feeder cattle markets were under strong pressure most of Wednesday. Some additional weakness resulted from traders focusing on renewed grain market support.

Sharp triple-digit losses have quickly flooded into lean hog contracts Wednesday morning. Nearby contracts are trading $2 per cwt lower as traders quickly push prices lower.

Previous support in lean hog trade has quickly eroded Wednesday morning. The firm losses have started to break through short-term support levels with April contracts moving below January lows through initial morning trade.

Firm support is expected to redevelop early Wednesday morning across nearby contracts. The buyer activity seen Tuesday has sparked underlying commercial support based on short-term demand expectations.

Early interest flooded into livestock trade Tuesday, with futures posting sharp gains. Limited buyer activity allowed for prices to pull back from early gains, but most contracts shifted higher.

Strong morning gains have redeveloped in livestock futures with spot live cattle contracts once again setting new contract highs as technical support is redeveloping across the complex.

Firm buyer support is quickly moving into lean hog trade. This is adding increased focus to the entire livestock market as prices bounce off of recent pressure, trying to establish additional longer-term support.

Follow-through weakness is expected to be seen in early trade as longer-term market uncertainty and demand issues continues to add to trader concerns.

Moderate-to-firm pressure swept through livestock trade Monday, eroding lean hog and feeder cattle futures. Limited activity may continue through the first half of the week due to sideways trading ranges.

Firm pressure has quickly developed through lean hog futures trade Monday. This is adding even more uncertainty through the entire complex although markets continue to hover in a sideways range.

Livestock futures shift lower Monday morning as selling pressure quickly moved into feeder cattle and lean hog trade. Limited volume is expected through most of the morning as traders try to bring a sense of stability to the...

Firming cash cattle trade is starting to develop late Friday with prices $1 to $2 per cwt higher from week ago levels. Limited support developed in cattle futures, while hog markets shifted lower.

Moderate to strong buying in live cattle futures redeveloped Friday morning. This moved spot month contracts to new contract highs, allowing for increased buyer activity through the complex. Hog futures are under pressure with...

Firm gains have redeveloped in nearby live cattle trade. This has moved front month futures to new contract highs, and is sparking follow-through buyer activity through the entire complex.

Limited direction is expected through the end of the week with traders focusing on end of the week positioning and cash market activity rather than any significant market shift.

Narrow price shifts developed across the entire livestock market Thursday with traders focusing on cash and meat markets following sharp early week gains.

Light buyer support is returning to the livestock complex despite strong losses seen in other ag commodities. Live cattle futures are leading the livestock complex higher Thursday morning.

Limited activity is seen through the entire livestock complex Thursday morning. This allows for prices to hold in a narrowly mixed trading range as traders look for additional direction both from the livestock market and outside...

Strong early-week support in cattle trade is expected to redevelop early Tuesday, allowing follow-through buying to develop in live cattle futures. Hog markets are expected mixed due to limited initial trade volume.

Lean hogs was the market to watch Wednesday following active support in nearby contracts. Triple-digit gains in February through May contracts sparked additional buyer support.

Active buyer support flooded into nearby lean hog trade with nearby contracts posting triple-digit gains. This helped to bring about increased support through the entire complex as cattle markets are moving higher midday.

Early market corrections are seen through cattle futures. This is limiting overall market support, but the tone still remains firm following early-week gains.

Triple-digit gains in nearby live cattle futures sparked active buying activity through the complex. February live cattle contracts broke through resistance levels, setting contract highs Tuesday.

Renewed support has developed through the morning in all cattle trade. This has pushed spot month February live cattle contracts to new contract highs as traders quickly move back into the complex. Limited direction continues in...

Strong early-week support in cattle trade is expected to redevelop early Tuesday, allowing follow-through buying to develop in live cattle futures. Hog markets are expected mixed due to limited initial trade volume.

Strong support moved back into cattle futures Monday as traders look for increased market activity to develop following last week's adjustments.

Strong gains have moved into the cattle complex. Traders are quickly trying to offset pressure seen last week.

Narrow losses are seen in cattle markets early Monday. Follow-through pressure after strong triple-digit losses last week has continued to focus on market weakness in feeder and live cattle trade.

Follow-through pressure is likely to develop early Monday morning across live cattle and feeder cattle trade. The underlying pressure that has swept through the complex is adding increased market concern to nearby trade levels.

Continued market pressure is developing in cattle trade. The latest round of losses has pushed feeder cattle contracts below initial support levels, allowing for additional liquidation to develop.

Additional pressure has quickly swept through feeder cattle trade Friday morning as trader continue to liquidate positions built at the end of 2018. Live cattle markets are quickly following the weaker feeder cattle market, adding...

Sharp follow-through pressure has quickly developed in feeder cattle trade Thursday morning. Triple-digit pressure in the feeder cattle market is adding to the weakness seen in live cattle markets.

Moderate buyer support has returned to lean hog trade Thursday morning with firm gains quickly developing in nearby contract months. Limited pressure in cattle trade is subduing trade activity, but creating market stability...

Follow-through buyer support is expected to slowly trickle into lean hog futures trade Thursday morning, focusing on the ability to bring about additional market volume during early January.

Lean hog futures saw strong support on the first trading session of 2019. This may bring additional buyer support back into the complex through the rest of the week.

Early support in the grain complex has quickly eroded support in cattle futures trade. Feeder cattle contracts are holding triple-digit losses with increased market softness through the entire cattle complex.

Renewed buyer support has developed in hog trade with increased triple-digit gains flooding through the complex as traders focus on January market shifts. Cattle markets remain much more subdued, with overall lack of direction...

Limited activity is seen through the morning Monday as trader interest is sluggish ahead of the upcoming holiday break. Mixed markets are seen in cattle and hog trade, with most contracts contained to narrow single-digit moves.

Firm gains have slowly developed early Monday morning as traders prepare for the end of 2018. Nearby live cattle and lean hog contracts are holding moderate support, but the ability to spark any shift in direction is unlikely due...

Live cattle futures are holding onto light to moderate gains following firm buyer support early Friday. Limited volume is seen through all livestock markets, allowing prices to moderate through the end of the session.

Firm follow-through buyer activity is stepping into cattle futures Friday morning. This is expected to help confirm previous market support and build additional momentum heading into the end of 2018.

Traders in live cattle futures have set new contract highs in nearby futures, pushing prices to triple-digit gains Thursday. This support has the potential to spark renewed end-of-year interest through the entire cattle complex.

Active buyer interest moved into nearby live cattle trade Thursday morning this has pushed contracts to contract highs, allowing for spillover support to develop in all markets.

Limited direction is seen Wednesday morning with prices shifting higher and lower in a narrow to moderate trading range. The overall lack of support will likely keep prices stuck in a sideways range until early January.

Moderate gains have trickled into livestock trade early Wednesday morning. The overall lack of pressure in the complex is allowing for commercial buyer activity to be seen following the Christmas break.

Livestock futures are mixed in limited trade Monday. Markets are nearing closing bell as the holiday-shortened trading day has not only kept many traders out of the market, but is sparking some additional underlying weakness...

Prices are edging lower in limited activity Monday morning as traders prepare for limited trade over the next couple of days. With markets closing early Monday and closed Tuesday for the Christmas Holiday, very little activity is...

Cattle trade is mixed in a narrow range midday Wednesday. Hog futures have posted light to moderate buyer interest through the morning following aggressive market liquidation over the last week. An attempt to stabilize previous...

Buyer support has quickly developed in lean hog trade with short-covering activity the initial move through the morning, although this seems to be gaining additional buyer support as traders try to adjust to previous sharp losses...

Mixed trade is expected early Wednesday with firm follow-through support expected to develop in cattle trade. Lean hog futures should remain mixed when markets open with a combination of follow-through selling and short-covering...

The entire cattle complex saw strong gains Tuesday, helping to spark additional buyer activity. Hog futures continued to erode lower Tuesday.

Strong market support is redeveloping in cattle futures even though the complex remains lightly traded. Hog futures are still under pressure with front-month February contracts leading the market lower.

Sharp losses have quickly developed across all livestock trade. Strong losses of $2 per cwt or greater in nearby feeder cattle futures is leading the entire complex lower with spillover weakness seen in all adjoining contracts.

Trade Monday morning has turned swiftly lower in all markets as traders retract previous market support and focus on increased market liquidation. Continued strong pressure in outside markets and triple-digit losses in the Dow...

Limited moves have developed in cattle trade Tuesday morning with the focus on trying to bring some stability to the complex. Firm pressure is redeveloping in hog trade, focusing on additional market weakness.

Moderate to strong support in nearby lean hog prices have pulled the focus away from the lightly traded cattle market that has eroded at midday Friday. Light trade is expected to be seen through the rest of the session.

Light activity is seen in cattle trade early Friday morning with mixed prices in a very narrow range. Hog markets on the other hand have posted strong gains as traders are offsetting previous pressure.

Strong feeder cattle gains have focused on the reduction of grain markets Thursday morning. This is allowing for increased overall support across the entire cattle market.

Light follow-through buying support has moved back into cattle trade. The pullback in grain markets has allowed for feeder cattle buying to take advantage of the lower production costs due to lower feed market prices. This may...

Firm follow-through buying in nearby live cattle trade has helped to support overall buyer activity in the lightly traded Wednesday session.

Sluggish trade interest is seen early Wednesday morning with very little additional direction developing in all livestock trade. This may keep prices hovering in a narrow trading range through most of the session.

Limited early activity is expected as traders slowly return to the market following Tuesday's market shift. This is likely to bring a combination of short-covering and spillover buying, keeping prices mixed.

Aggressive buyer support quickly flooded into feeder cattle futures Tuesday, sparking triple-digit gains in all contracts and expanded recent gains off of short-term lows. Follow-through buying developed across the livestock...

Active price movement has quickly developed through the entire complex Tuesday. Sharp triple-digit gains flooded into feeder cattle markets, helping to support the entire cattle complex. Weakness has developed across lean hog...

Limited activity is seen through the entire livestock market with mixed price levels seen in initial trade activity. This may limit widespread moves through most of the morning.

Moderate to strong losses developed early Monday in lean hog trade with the initial weakness sparking some additional pressure through most of the complex. Cattle trade is mixed in limited volume.

Light activity continues to spark some additional market volatility through the entire livestock market. Prices are mixed as traders try to sort out outside market direction, combined with fundamental market shifts. Mixed trade...

Prices are mixed midday Friday with traders stepping in and out of the market through the end of the week. Prices may continue to show limited activity, but current price ranges are likely to hold.

Very little trade is seen Friday morning with overall lack of market movement seen through the complex. This could add some price shift through the next couple hours, although the tone of the market remains weak.

Triple-digit losses are seen in nearby lean hog trade midday Thursday. But sellers have eased significantly with February contracts pulling back over $1 per cwt from session lows. Mixed live cattle futures is firming market...

Sharp losses have quickly flooded into all livestock trade with lean hog futures leading the move lower with $2 per cwt losses in nearby trade. This is adding even more uncertainty to the entire complex.

Livestock futures have bounced higher due to very limited market direction Wednesday. Lean hog futures are leading the market higher with triple-digit gains seen in nearby contracts.

Sluggish market activity is seen through the complex. This is helping to bring some stability to prices in what is expected to be a very slow day of trade.

Trade in livestock markets is expected to be squarely focused on outside market direction following the sharp losses in the stock market Tuesday. Mixed trade is expected with limited volume early in the session.

Moderate to strong support swept back through live cattle futures Tuesday with nearby contracts holding triple-digit gains. This pulled back from market uncertainty Monday as hog futures and outside markets posted price pressure.

Moderate to firm support is seen in live cattle and feeder cattle futures. This has helped to bring additional firmness to the complex despite uncertainty seen in outside markets.

Initial price pressure developed in most livestock trade as traders continue to adjust to the lower market moves seen Monday. Pressure in outside markets early Tuesday is also adding to the overall pressure in lean hog and...

Despite initial market support, lean hog trade quickly turned sharply lower Monday morning. Traders are focusing on the current strength in grain trade and outside markets, which is bringing increased uncertainty to the livestock...

The focus on positive trade talks with China over the weekend has helped to spark widespread underlying buying in most markets. This is helping to allow buyer support move back into the market from commercial and noncommercial...

Limited activity is seen through the livestock complex through most of the morning. Early pressure in hog markets has been offset by end of the month buyer support.

Buyers have quickly moved back into cattle futures early Friday as traders are backing away from previous market losses. The overall lack of support in the hog markets Friday as firm losses are pulling back from aggressive gains...

Wide market swings have developed across all livestock trade Thursday morning. This has sparked increased market activity in both the cattle and hog markets, with cattle futures sharply lower, while strong triple digit gains move...

Lack of follow-through buyer support across the complex has allowed for narrow losses to develop late morning Wednesday. Limited market moves are likely to be seen through the rest of the session due to very light trade volume.

Sluggish market moves are seen through the entire livestock complex with mixed early trade allowing most of the focus to be placed on outside market activity during the initial minutes of trade.

Limited direction is seen early Tuesday with cattle markets hovering in a narrowly mixed trading range. This is expected to limit additional market movement across the complex through the rest of the session.

Uniform pressure has slowly trickled into all livestock trade early Tuesday morning. The lack of new information from meat markets and current sideways trading ranges which contain hog and cattle futures is keeping volume light...

Firm market losses have quickly developed through the hog complex with triple-digit losses seen in all nearby contracts. The softness in hog markets and outside trade has weakened live cattle futures through morning activity.

Light activity is seen through the entire livestock market Monday. Increased volume is likely to return to the complex following last week's market holidays and generally sluggish trade activity. This could bring about renewed market...

Limited trade is seen through the entire complex Friday as abbreviated trading schedules is limiting additional market activity in the complex.

Limited direction has developed across the cattle complex Friday morning. Narrow trading ranges are expected to be seen as traders still try to factor in the increased placement levels and lower than expected cattle numbers from...

Active price support quickly moved into the live cattle and feeder cattle futures trade following the cattle on feed report. Lighter than expected cattle placements through the month of October is firming the market tone...

Limited market activity is expected Wednesday with traders focusing on squaring positions and limited market volume through the end of the week.

Sharp losses developed in nearby lean hog trade Tuesday despite limited activity through most of the session. Even with the market tumble, which pushed December contracts $2.05 per cwt, markets remain well above support levels...

Very light activity is seen through the complex. There may be some additional pressure through the week, although trade volume remains sluggish.

Light to moderate pressure is seen in cattle and hog markets. The combination of limited trade activity and weakness in outside markets is pulling prices lower during early trade.

Limited activity seen early in the session has allowed for some firm price pressure to develop during the lightly traded market session. Firm losses in feeder cattle trade has sparked some underlying pressure across deferred live...

Limited market activity is seen Monday following firm underlying commercial support moving into live cattle and lean hog trade. Traders seem to be preparing for what could be a lightly traded week due to the upcoming Thanksgiving...

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.

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.

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.

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.