Rick Kment

DTN Analyst
Rick Kment
Rick Kment is DTN's ethanol and dairy analyst. Rick joined DTN in March 2005. He has more than 15 years of experience in the agribusiness and dairy industries, including five years managing his own farm and nine years working with agricultural producers and agribusinesses throughout the Midwest on animal nutrition and farm management.

Rick graduated from Kansas State University where he received an animal science degree, focusing on animal nutrition and management. After spending several years in the industry he returned to the University of Nebraska to earn an MBA in agribusiness focused on leadership development and agricultural finance and management.

Rick was born and raised in Norfolk, Nebraska. He has lived in several locations in the Midwest. He currently resides in Lincoln, Nebraska, with his wife Jacki and sons Cole and Quinn.

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    DTN Closing Livestock Comments

    Livestock futures ended mixed in quiet trade Thursday ahead of the long holiday weekend. Increased cattle placements and more cattle in feed yards detailed in Thursday's USDA Cattle on Feed report may affect market direction...

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    DTN Midday Livestock Comments

    Despite additional pork sales to China reported, traders pulled back from earlier support as export expectations remain high. Limited movement is seen in all markets ahead of the long weekend.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Hog futures have posted limited pressure despite additional export sales news to China. Clearly traders were looking for much more aggressive buying activity from the export sales report in order to maintain previous gains. Cattle...

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    DTN Early Word Opening Livestock

    Thursday trade is expected to be limited ahead of the three-day weekend. Traders are looking for additional long-term direction in hog futures, focusing on results from Thursday's Export Sales report.

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    DTN Closing Livestock Comments

    Nearby and deferred lean hog futures continued to move in opposite directions Wednesday, as a lack of fundamental support is eroding summer prices. Cattle markets struggled to move in any direction Wednesday.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Sluggish market activity is seen in all livestock markets with cattle prices mixed in a narrow to moderate range while hog trade has broken away from early nearby pressure.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Additional market swings are developing in lean hog futures with nearby trade holding firm triple-digit losses, while strong gains move into deferred contracts. Cattle markets remain sluggish, stuck in a narrowly mixed range.

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    DTN Early Word Opening Livestock

    Limited activity is expected early Wednesday with traders focusing on recent wide market spreads between nearby and deferred moves in lean hog futures.

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    DTN Closing Livestock Comments

    Cattle futures saw strong gains Tuesday as early market apathy quickly sparked buyer interest. Live cattle and feeder cattle futures shifted $1 per cwt higher in several nearby contract months.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Buyers have steadily stepped into cattle futures with live cattle markets trading moderately higher at midday. The underlying support is focusing on continued seasonal support.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited interest is developing Tuesday morning as traders hold narrowly mixed price shifts. The lack of developing price direction may not only keep price moves subdued, but will likely limit trade activity through most of the morning.

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    DTN Early Word Opening Livestock

    Light early trade volume is expected as traders continue to assess the fundamental support this week. Mixed trade is likely early in the session until additional volume trickles into the complex.

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    DTN Closing Livestock Comments

    Livestock traders seemed to take a breather as they returned from the weekend. Most futures contracts saw limited gains in light-volume trade Monday.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Lack of direction and market activity is seen early Monday. This is allowing for mixed moves in cattle futures, while slow but steady gains have worked into hog trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Early trade is contained in a narrow range as mixed trade and sluggish volume is seen in all markets. The focus through the complex continues to be based on positioning after last week's market swings and potential additional...

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    DTN Early Word Opening Livestock

    Limited market activity is expected on Monday morning with traders adjusting from late-week moves and focusing on outside market direction early in the week.

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    DTN Closing Livestock Comments

    Volatility swept through hog futures over the last couple of sessions. This led to mixed market moves at the end of the week with trades focused more on contract positions than overall market direction.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    The market high Thursday sparked by aggressive sales to China has left the market uncertain as traders quickly back away from previous prices. Lack of consistency in cash values through the week is adding to market volatility.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Active pressure is quickly and aggressively moving through lean hog trade despite recent reported sales to China. Traders continue to remain uncertain due to the volatility of the market, with even more long term uncertainty seen...

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    DTN Early Word Opening Livestock

    Light follow-through support is expected to trickle into lean hog trade Friday morning. This could allow for additional end of the week support, although traders are looking for additional longer-term direction.

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    DTN Closing Livestock Comments

    Reports of large sales of U.S. pork to China on Thursday morning sparked sharp gains in all lean hog futures, although the momentum eased later in the day. Cattle futures firmed on spillover support and limited activity.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Triple-digit gains continue to hold midday in most lean hog futures. This was sparked by aggressive sales and shipments to China in this week's export sales report.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Sales activity to China in Thursday's export sales report sparked additional sharp gains. This continues to focus on the need to supply china with pork products despite tariffs.

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    DTN Early Word Opening Livestock

    Limited activity is expected early Thursday with cattle and hog markets likely to show mixed price direction in the early minutes of trade.

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    DTN Closing Livestock Comments

    Buyers quickly stepped back into the hog trade Wednesday, pushing many contracts triple digits higher.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Early market pressure in lean hog trade quickly ran out of gas, allowing for active buyer interest to flood the complex. This allowed for triple-digit gains to sweep through most hog contracts.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Strong triple-digit losses quickly moved into lean hog futures based on follow-through liquidation after Tuesday's limit losses. Light to moderate pressure is slowly developing across the cattle complex despite limited volume.

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    DTN Closing Livestock Comments

    Hog futures saw sharp losses Tuesday with most contracts down the $3-per-hundredweight limit at closing bell. This may spark increased liquidation at midweek.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Active selling quickly moved into lean hog trade as traders start backing away from previous gains. Concerns of demand uncertainty and trade to China is creating pressure Tuesday.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Moderate to strong losses have quickly developed through most of the hog complex Tuesday morning. Concerns surrounding export business and trade deals is starting to erode earlier optimism.

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    DTN Early Word Opening Livestock

    Underlying firmness is expected to redevelop in lean hog trade early Tuesday morning following early-week position-taking and adjustment from previous gains.

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    DTN Closing Livestock Comments

    Livestock futures were mixed in sluggish trade Monday. Prices pulled back early as traders continued to adjust positions and take profits, but late-day support pulled most contracts off of early lows.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Nearby hog futures have turned lower Monday morning as traders adjust positions following $10-per-cwt gains last week. The focus on market positioning is taking priority through morning trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited activity is seen early Monday morning with traders focusing on narrowly mixed market swings in all livestock trade. This could help to stabilize price direction later in the day.

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    DTN Early Word Opening Livestock

    Momentum concerning potential long-term demand for pork in China continues to fuel buying activity through the pork complex. Traders are expected to remain optimistic early Monday morning with follow-through buying likely.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Triple-digit losses quickly swept through live cattle trade. This sparked uncertainty through the entire complex, although most initial selling is focused on end of the week position taking.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Fueled with hopes and expectations of a trade deal getting done with China, strong follow-through buying develops in hog trade. This is keeping markets bullish through the end of the week.

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    DTN Early Word Opening Livestock

    Strong buyer support is expected to continue in cattle and hog futures with increased underlying support sparking late-week rallies.

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    DTN Closing Livestock Comments

    Strong support flooded livestock trade as renewed focus on China trade sparked limit hog market gains.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Active triple-digit gains are seen in most livestock futures with traders focusing on underlying fundamental support late in the week and potential demand support in beef and pork markets.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Active follow-through support is quickly moving through lean hog and feeder cattle trade Thursday. The focus on potential long-term buying is stimulating buying activity in all livestock markets.

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    DTN Early Word Opening Livestock

    Underlying support in hog trade is being driven by expectations of a China trade deal and potential sales to China in the export sales report.

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    DTN Closing Livestock Comments

    Hog futures continued to rally Wednesday as traders anticipate progress on a trade deal with China.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    As the next round of trade talks develop through the rest of the week, hog futures are surging higher with expectations that a trade deal will sharply increase overall pork demand.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Aggressive buying has redeveloped early Wednesday morning. This is sparking additional underlying support through the entire complex as traders anticipate developments in a potential China trade deal.

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    DTN Early Word Opening Livestock

    Active buying in the lean hog trade Tuesday could give additional market support, which would add even more support to the entire complex this week.

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    DTN Closing Livestock Comments

    Lean hog futures posted sharp gains Tuesday. Even though nothing official has been announced in the U.S.-China trade talks, traders continue to look for increased buying activity from China.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Lean hog futures rebounded Tuesday morning with triple-digit gains in all contracts. This underlying support is helping to rekindle buyer interest in nearby and deferred trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Strong underlying support has quickly moved back into lean hog futures, adding even more volatility to the aggressive moving hog complex. Spill over support is trickling into cattle trade.

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    DTN Early Word Opening Livestock

    Limited activity is likely Tuesday as traders focus on further short-term market shifts. Little outside market direction is expected through the morning, allowing livestock trade to focus on potential fundamental shifts through...

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    DTN Closing Livestock Comments

    Initial triple-digit losses quickly evaporated in most lean hog contracts Monday as traders focused on potential market stability and firming pork values in morning cutout reports. Cattle markets shifted higher with traders looking...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Expectations that spring consumer demand will spike through early April is bringing active buyer interest back to cattle futures. Hog markets remain mixed, but quickly moving away from sharp initial losses.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Follow-through selling pressure quickly moved back into lean hog trade as the month of April opened with triple-digit pressure seen in most contracts. Mixed trade is slowly trickling into cattle trade as traders search for stability.

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    DTN Early Word Opening Livestock

    Additional market volatility is expected to redevelop as traders move into the month of April. Ongoing uncertainty about pork demand and the concern that recent movement to China may not be as secure as previously hoped, may...

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    DTN Closing Livestock Comments

    Lean hog futures closed $2 to $4 per cwt Friday, raising concerns the pullback could continue in early April. Cattle futures also eroded Friday on pressure in most ag commodity markets.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong early pressure continued the bearish tone through the entire livestock complex. But prices moderated late-day with traders focusing on squaring positions at the end of the month.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Triple-digit losses redeveloped in hog markets as expanded trading limits have allowed deferred contracts to move $3 to $4 per cwt lower in early trade. The bearish tone of the market is wiping out previous emotional buyer...

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    DTN Early Word Opening Livestock

    Sharp losses Thursday are opening the door for expanded trade limits at the end of the week. The volatility is likely to spark some additional market pressure through the month of March.

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    DTN Closing Livestock Comments

    Lean hog futures ended $3 per cwt lower Thursday on concerns China might not continue to buy U.S. pork, as well as emotional weakness following recent gains. Cattle trade remained sluggish with prices settling narrowly mixed.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Aggressive pressure has continued to develop through lean hog trade as traders remain concerned about future pork demand and export movement through the rest of the year.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Concerns of long-term pork demand has once again crept through the complex with increased uncertainty seen in all livestock trade. This overall lack of direction may add to firm weakness through the Thursday session.

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    DTN Early Word Opening Livestock

    Look for a defensive open on Thursday based on strong pressure midweek in outside markets and livestock trade. Increased focus on outside market direction in early trade will likely set the tone for the rest of the week.

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    DTN Closing Livestock Comments

    Cattle futures continued their three-day slide on Wednesday. Cash cattle started to trade at midweek, falling $2 from last week. Meanwhile, the April lean hog futures contract surged higher.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong triple-digit losses have quickly developed in May through December contracts as traders back away from recent support.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Moderate to strong pressure is redeveloping through lean hog trade. This is moving across the entire complex, adding spillover pressure in cattle markets Wednesday morning.

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    DTN Early Word Opening Livestock

    The potential support from a China trade deal could sustain hog market buyer support at the top end of the market range, which is rekindling trader interest.

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    DTN Closing Livestock Comments

    Most livestock contracts saw moderate-to-firm pressure Tuesday on concerns about follow-through pressure through the end of the month.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Limited direction is seen Tuesday morning with prices shifting higher and lower in a narrow to moderate range. The potential to keep prices hovering in current trading ranges have limited overall buyer interest.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited direction seen Tuesday morning is expected to be seen through the entire complex. Follow-through cattle losses have slowed, but still create uncertainty through the end of the month.

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    DTN Early Word Opening Livestock

    Strong early-week losses have allowed for increased uncertainty through cattle trade as traders try to adjust to larger feedyard numbers.

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    DTN Closing Livestock Comments

    Traders quickly adjusted positions Monday, putting pressure on deferred lean hog futures. Cattle futures were weaker on increased placements in February.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Increased volume Monday morning sparked moderate to strong losses in all livestock trade. This lack of early-week buyer support is causing traders to quickly adjust positions following strong gains late last week.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Initial buyer support returned to lean hog futures trade Monday morning following Friday's wide market shifts, but traders seem to remain extremely cautious as session highs were quickly capped due to limited activity.

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    DTN Early Word Opening Livestock

    Little market activity is expected through most of the morning Monday with trades reassessing overall market direction following the recent swift price shifts that developed late last week.

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    DTN Closing Livestock Comments

    Hog futures showed their first signs of uncertainty Friday morning as traders pulled back from limit gains in summer trade. Trading stabilized late in the session, resulting in a mixed close.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Following early buyer support, traders quickly backed away from all livestock markets at midday. This allowed for increased market uncertainty at the end of the week and mixed price levels.

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    DTN Early Word Opening Livestock

    Limit gains in hog trade the last two trading sessions is bringing the focus on end-of-the-week direction into the complex.

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    DTN Closing Livestock Comments

    Expanded trading limits did little to curb buyer support Thursday with prices swiftly moving higher, closing $4.50 per cwt higher in most nearby contracts. This once again sets the stage for wide trading ranges to redevelop Friday.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Sharp triple-digit gains have flooded into hog trade. This has expanded contract highs in all nearby markets, allowing for further potential gains through the end of the session.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Strong gains have quickly developed in feeder cattle and lean hog futures. The aggressive buyer support, has added additional fuel to the fire.

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    DTN Early Word Opening Livestock

    Active buyer support quickly flooded livestock trade late Wednesday. This is expected to bring additional activity during early trade, despite initial volume remaining limited.

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    DTN Closing Livestock Comments

    Continued market support flooded the hog complex with nearby futures locked in limit gains. This brought increased interest through the complex.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Active trade has pushed lean hog futures sharply higher Wednesday morning with nearby and deferred contracts posting uniform triple-digit gains. This is sparking increased momentum through the week.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Firm buying has quickly moved into hog futures trade with traders focusing on regaining momentum despite the recent market pullback. This may add some increased volume as traders continue to focus on firming cash values and...

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    DTN Early Word Opening Livestock

    Triple-digit gains Tuesday in feeder cattle has the potential to spark additional interest midweek in all cattle markets. Hog futures are focused on maintaining stability at recent high prices.

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    DTN Closing Livestock Comments

    Underlying support moved back into feeder cattle trade Tuesday. April futures tested short-term resistance levels, sparked by supply concerns and adverse weather conditions.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Light to moderate softness is seen in lean hog trade with increased underlying pressure holding across the entire complex. This may start to limit recent buyer optimism over the next couple of days. Cattle trade has surged higher...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Sluggish trade activity is seen through the complex with increased buyer support focusing on nearby contracts, although trade is expected to remain range bound through most of the morning.

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    DTN Early Word Opening Livestock

    Continued underlying support is developing through all lean hog futures as traders are focusing on continuing the first strong rally of 2019.

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    DTN Closing Livestock Comments

    Expectations for strong domestic and export markets helped push hog futures triple digits higher Monday.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Mixed trade has held through the entire morning in hog and cattle trade with traders still focusing on market firmness based on last week's gains. But the inability to sustain significant buyer interest early morning has kept price...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Narrow market moves have developed early Monday as traders are adjusting to the sharp triple-digit gains flooding into the market late last week. This may add even more uncertainty to the entire complex through the rest of the...

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    DTN Early Word Opening Livestock

    Limit gains in lean hog futures Friday is sparking increased underlying support through the entire livestock complex, although continued market strength may come with short-term market corrections.

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    DTN Closing Livestock Comments

    Continued pressure developed in feeder cattle trade Wednesday with futures breaking through initial support levels. Cattle futures slowly shifted lower, as well, but light-volume trade limited losses.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Light volume has developed in livestock trade Wednesday morning with little to no news developing in market fundamentals. Outside market pressure is keeping most traders attention elsewhere, allowing limited interest in livestock trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Narrow market shifts have developed, allowing for traders to focus on additional direction in meat markets and potential cash activity. Limited volume is expected through most of the morning.

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    DTN Early Word Opening Livestock

    Limited interest is expected to develop early Wednesday in all livestock trade. This is allowing for increased underlying support to continue in hog prices, while cattle markets are likely to wander in a mixed range early Wednesday.

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    DTN Closing Livestock Comments

    Lean hog futures rallied Tuesday on follow-through buyer support. This helped to spark some additional buyer activity through the rest of the livestock market. Cattle futures stabilized, with renewed buyer interest seen in spot...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong triple-digit gains continue to hold in lean hog futures as active buying develops in all nearby contracts. Early cattle losses have moderated due to limited interest.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Firm buyer support is slowly but steadily moving into hog trade Tuesday morning. This is helping to draw additional underlying support through the complex. Cattle futures are weaker with follow through pressure developing.

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    DTN Early Word Opening Livestock

    Follow-through pressure is expected early Tuesday in cattle trade. This could continue to erode previous support as traders start looking for any sign of support in April contracts.

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    DTN Closing Livestock Comments

    Sharp losses developed quickly in nearby live cattle trade on Monday. This lack of sustained buyer support pulled prices off recent highs as a moderate correction appears to be developing. Hog futures shifted higher Monday...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong nearby pressure is holding in live cattle trade as traders start adjusting markets lower with little resistance expected early March. Firm buying moved into hog trade early Monday, but gains have quickly eroded through the...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Strong gains have moved into nearby lean hog trade as traders start to ratchet up price levels through the complex. This may add some additional buyer support through early March.

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    DTN Early Word Opening Livestock

    Moderate-to-strong support in cash cattle prices and wholesale beef values last week is firming the underlying tone in the cattle trade. Hog markets are expected mixed as fundamental support...

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    DTN Closing Livestock Comments

    Early gains quickly developed in all livestock trade Friday morning, but Limited buyer interest pressured futures the rest of the session, resulting in futures ending mixed at closing bell.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong early morning support quickly swept through livestock trade. But the inability to spark follow-through buyer interest quickly allowed markets to erode late morning. This could cause mixed market shifts through the last hour...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Firm buying in live cattle trade sparked early gains. This moved broke through 2018 market highs of $130.10 per cwt, allowing expectations of follow-through gains through early March.

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    DTN Early Word Opening Livestock

    Light-to-moderate activity is expected to develop Friday, keeping prices within a narrow range. Cash cattle trade will likely be seen late Friday.

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    DTN Closing Livestock Comments

    Strong pressure in feeder cattle futures led to widespread softness through the entire cattle market. The move leaves late-week market direction uncertain.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Active pressure has quickly moved through feeder cattle futures. This has sparked underlying concerns that spillover pressure will erode recent gains in live cattle trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Moderate support is moving into lean hog trade with increased underlying focus developing through the entire complex. End-of-month market adjustments are likely to continue through the day.

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    DTN Early Word Opening Livestock

    Trade is expected to remain sluggish through the end of the week with end-of-month position adjustments developing Thursday. This could keep prices hovering in a narrowly mixed range through most of the session.

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    DTN Closing Livestock Comments

    Wednesday's livestock trade could be characterized as "support that almost was." Live cattle futures tested long-term support with April reaching its $130.10 resistance level, but unable to push through that level.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Following a weaker start Wednesday, buyers stepped back into the hog complex, moving nearby contracts firmly higher, creating additional distance from support levels seen early in the week.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Narrow trading ranges are seen in cattle futures with April futures testing resistance levels of $130 per cwt. Hog price have ratcheted lower with traders adjusting positions following sharp triple-digit gains Tuesday.

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    DTN Early Word Opening Livestock

    Buyers are expected to slowly step back into the complex early Wednesday morning following triple-digit gains in nearby contracts earlier in the week. The follow-through buyer support will likely build on late-month buyer interest...

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    DTN Closing Livestock Comments

    Strong support quickly moved into livestock trade Tuesday with both cattle and hog futures seeing triple-digit gains, moving them away from long-term support levels.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Firm support has steadily moved into hog futures Tuesday morning. Gains in wholesale pork values has diverted the underlying pressure off of product movement as packers get back to normal following the weekend storms.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Morning gains have quickly developed through lean hog futures trade with nearby contracts posting $1 per cwt gains. The focus on covering short positions following Monday's losses is taking precedent through the complex.

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    DTN Early Word Opening Livestock

    Triple-digit pressure Monday in lean hog trade is setting the complex up for additional follow-through losses early Tuesday morning. Traders are focusing on renewed fundamental pressure and potential contract lows in hog trade.

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    DTN Closing Livestock Comments

    Lean hog futures saw triple-digit losses again Monday, sparking renewed concerns about bearish fundamentals and the potential to shatter price support levels.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong pressure is seen through lean hog futures with April futures holding losses of $2 per cwt or greater Monday morning. Contracts are testing last week's losses, creating increased uncertainty through the entire complex.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Strong pressure redeveloped in lean hog futures Friday morning. This added even more uncertainty and volatility to the complex as traders look for support to rekindle the market momentum seen late last week.

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    DTN Early Word Opening Livestock

    Light cash cattle trade developed late last week in the North. This pushed dressed trade to $202 per cwt, a $2 per cwt rally from the previous week. This is expected to spark some interest in futures trade early Monday.

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    DTN Closing Livestock Comments

    Narrow trading ranges in the livestock markets left the trade with a sense of uncertainty Friday. Traders are expected to mull over USDA reports released late Friday afternoon, although the information is expected to lead to...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Light activity is seen in all markets with traders focusing on potential renewed activity early next week. Prices are mixed with very limited direction seen Friday morning.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Traders took a breather early Friday morning with prices stuck in a narrowly mixed trading range. This allowed for very light trade volume in early morning activity.

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    DTN Early Word Opening Livestock

    Follow-through support is expected to move into hog futures following sharp triple-digit gains Thursday. The focus across the complex will be on the plethora of backlogged reports to be...

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    DTN Closing Livestock Comments

    Renewed hopes for a trade deal with China that could include significant U.S. pork exports boosted hog futures Thursday. Cattle markets remained sluggish with most traders watching from afar most of the session.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Triple-digit gains have flooded into lean hog trade. This has rekindled the expectations that China will be in the market to buy additional pork, helping to clear the buildup of stocks on the market.

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    DTN Early Word Opening Livestock

    Sharp losses in hog futures have quickly turned a weak market even more bearish as traders try to find any sign of support. Cattle markets have continued to firm but may remain unstable.

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    DTN Closing Livestock Comments

    Pressure quickly developed again in lean hog trade Wednesday with the April futures contract holding a $3.55-per-cwt loss in expanded trading limits. This further weakened the already bearish market as traders continued to...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    April hog futures are posting sharp triple-digit losses for the second straight trading session. This underlying weakness continues to add concerns of long-term pressure continuing in hog trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Follow-through pressure slowly but steadily developed in nearby lean hog trade Wednesday morning. Limited losses continue to be seen in cattle and hog markets as traders seem to be focusing on adjusting positions during early...

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    DTN Early Word Opening Livestock

    Early-week market hog market losses test trader support following technical losses. Continued fundamental pressure is likely to develop through the week.

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    DTN Closing Livestock Comments

    Any sense of market stability last week in hog trade quickly vanished at opening bell Tuesday as aggressive losses quickly flooded the market, leading to limit-lower closes in all spring and summer contracts.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Widespread pressure swept through hog futures Tuesday morning as traders pushed all nearby contracts to limit lows.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Sharp losses flooded into nearby lean hog trade with technical pressure quickly developing Tuesday. Additional liquidation is expected through the morning.

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    DTN Early Word Opening Livestock

    Traders moving back into the complex following the long holiday weekend will add some uncertainty to the market after price shifts late last week.

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    DTN Closing Livestock Comments

    Lean hog futures settled mostly higher Friday as traders adjusted positions before exiting the market for the long weekend. Meanwhile, feeder cattle futures saw sharp losses.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Limited buying is slowly stepping into live cattle and feeder cattle trade midday Thursday. This is creating additional market support through the entire complex.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Firm gains have quickly developed in hog trade with traders covering short positions following aggressive midweek losses. Limited activity is expected through the rest of the complex, potentially allowing for needed market stability...

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    DTN Early Word Opening Livestock

    Limited pressure may slowly develop through lean hog trade Friday morning as traders focus on fundamental market weakness.

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    DTN Closing Livestock Comments

    Hog futures were under pressure again Thursday, leading to the evaporation of early week gains.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Limited buying is slowly stepping into live cattle and feeder cattle trade midday Thursday. This is creating additional market support through the entire complex.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Price pressure is seen in all livestock trade with triple digit losses quickly moving into hog futures. This is quickly offsetting previous market support, bringing additional activity to the complex.

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    DTN Early Word Opening Livestock

    Mixed trade is expected to be seen early Valentine's Day as traders look for renewed stability in lean hog trade, while cattle markets struggle to rekindle early-week support.

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    DTN Closing Livestock Comments

    Moderate pressure developed in live cattle trade Wednesday with futures pulling back from recent highs as traders continued to adjust positions.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Moderate price support is moving back into lean hog futures Wednesday morning with summer contracts leading the complex higher. This may add some additional momentum to the recent price shift, which is sparking active market moves.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Light to moderate pressure is developing in live cattle trade with traders adjusting to recent strong market gains. The limited volume in the complex is allowing for price erosion to be seen early Wednesday.

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    DTN Early Word Opening Livestock

    Firm underlying support is expected Wednesday morning in lean hog trade. The move off of long-term lows has sparked widespread market support.

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    DTN Closing Livestock Comments

    Aggressive follow-through buying pushed lean hog futures triple digits higher Tuesday, boosting nearby contracts well off recent long-term lows.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Active market movement is seen in lean hog trade with triple-digit gains confirming the market shift seen Monday. This move higher, if confirmed over the next couple of days, could spark widespread buyer interest into the oversold...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Light activity is expected to continue through the morning following narrow trading ranges early Tuesday morning. Follow through support is developing in lean hog trade, helping to confirm support seen late Monday.

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    DTN Early Word Opening Livestock

    Limited but firm buyer interest developed in live cattle trade Monday. This moved several contracts to new contract highs, creating expected additional support early Tuesday.

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    DTN Closing Livestock Comments

    Following early weakness Monday, late-day support moved into the hog market, keeping futures from reaching long-term lows. Meanwhile, live cattle futures continued to set new contract highs.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Follow-through pressure is seen in April hog trade with prices breaking through long-term support. This creates additional long-term concerns about upcoming buyer interest. Mixed trade ranges are seen in cattle and hog futures...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Trade volume remains extremely sluggish early Monday morning with prices hovering in a very narrow trading range. This may keep many traders on the sidelines through much of the day as they look for longer-term market direction.

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    DTN Early Word Opening Livestock

    Firm follow-through support is expected to develop through cattle futures early Monday. This support is expected to establish contract highs in nearby contracts once again.

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    DTN Closing Livestock Comments

    Cattle futures saw firm gains Friday based on anticipated cash market support and additional grain market weakness. This could lead to increased support early next week.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Prices continue to quickly erode across lean hog futures as triple-digit losses are seen through summer contracts. Firm gains have quickly moved into cattle trade helping to solidify recent buyer support.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited activity is seen early Friday morning as traders try to adjust following wide market swings through the week and prepare for any surprises in the upcoming USDA reports released late morning. Limited volume is expected in...

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    DTN Early Word Opening Livestock

    Sharp losses Thursday created additional concerns in the lean hog complex as traders have continued to break through support levels. Cattle markets are expected to be mixed in late-week trade with the focus on potential cash...

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    DTN Closing Livestock Comments

    April lean hog futures saw sharp losses Thursday. The contract broke through support levels, closing below $60 per cwt for the first time in six months.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    April lean hog futures have broken through support levels, as traders have pushed prices below $60 per cwt Thursday morning. This continues to weaken the entire hog complex. Early pressure in cattle trade has eroded following...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Firm losses have continued to develop across the lean hog complex. April futures are once again testing major support levels, with recent pressure backing away from early-week gains based on hog supplies.

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    DTN Early Word Opening Livestock

    Follow-through price pressure is likely to develop in livestock trade as traders enter the market Thursday. Limited volume is expected through most of the session, allowing for unsettled market direction.

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    DTN Closing Livestock Comments

    Trade activity in most livestock markets remained extremely limited Wednesday, with traders looking for any sense of direction. Nearby contracts saw moderate pressure. Outside markets showed limited signs of life, too.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Sluggish market movement seen Wednesday morning is allowing for light pressure to redevelop in cattle trade midday despite early support. Hog futures are mixed in a narrow range, waiting for cash market activity.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited market activity is seen early Wednesday with very light activity developing in the early minutes of trade. Mixed market moves is keeping prices generally stable with little direction coming from outside markets midweek.

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    DTN Early Word Opening Livestock

    Mixed trade expected early Wednesday morning as traders attempt to bring some renewed stability to the livestock complex. Outside market direction is expected to be closely watched through the day by all livestock traders.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Firm morning pressure continues to be seen in lean hog and feeder cattle trade. Traders have ratcheted back a portion of the sharp gains seen Monday, but the tone of the market is firming, with buyer expectations still developing.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Light to moderate pressure is developing across livestock futures as traders adjust positions following sharp early-week gains. Limited trade is seen early Tuesday morning as current price shifts limit market direction.

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    DTN Early Word Opening Livestock

    Increased volatility is likely early Tuesday focusing on early-week gains. A combination of follow-through buying and aggressive market positioning is expected in early-morning trade as traders take advantage of the wild market shifts.

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    DTN Closing Livestock Comments

    Buyer interest went nearly unchecked late Monday, pushing hog and feeder cattle futures triple digits higher. This may allow the market to break away from the bearish tone seen during late January and result in renewed buyer...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Triple-digit gains have quickly swept through livestock futures Monday morning. Lean hog futures have led the complex higher.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited activity is seen as traders trickle back into livestock trade following the Super Bowl weekend. Activity levels through the morning are expected to remain limited as traders look for the next big break to develop.

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    DTN Early Word Opening Livestock

    Limited trade activity is likely most of the morning Monday as traders attempt to build support levels across lean hog futures. Trade volume is expected sluggish through most of the morning.

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    DTN Closing Livestock Comments

    Firm buyer support trickled into live cattle and lean hog futures Friday as traders covered short positions and headed out the door for the weekend. Buying in grain markets added to feeder cattle pressure.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Limited interest has kept prices mixed in a narrow to moderate range Friday morning. Limited short covering following Thursday's market tumble has allowed for increased buyer interest late morning.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Light activity is seen in all livestock trade. This is allowing for some additional market movement within a narrow but mixed range.

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    DTN Early Word Opening Livestock

    Sharp end of the month losses quickly pushed prices lower in all livestock markets Thursday afternoon. This is expected to lead to a combination of follow-through selling and short-covering through the end of the week.

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    DTN Closing Livestock Comments

    Aggressive late-day pressure pushed futures in all livestock markets triple digits lower Thursday. The losses add even more uncertainty to the direction of livestock trade in early February.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Active pressure has continued to develop through all livestock trade with live cattle and lean hog futures posting triple-digit losses Thursday morning.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Narrow trading ranges are seen in all livestock futures early Thursday morning. This is focusing on additional underlying moves across the complex, although end of the month positioning is also taking place in many contracts.

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    DTN Early Word Opening Livestock

    Livestock futures are expected to limp into month end with light volume likely through most of the session. Traders still are placing some attention on weather conditions and how this may impact production levels, but outside...

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    DTN Closing Livestock Comments

    Lack of price movement late Wednesday kept traders unwilling to step back into the market. Prices were mixed, moving in a narrow range.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Extremely sluggish market activity is seen Wednesday as traders continue to focus on cold weather through most of the production areas. This is limiting overall direction of the market, allowing mixed prices in a narrow range.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Activity in the futures trade seems to be subdued midweek with traders paying close attention to the extreme cold weather blanketing much of the Midwest. This is creating challenges in all areas of beef and pork production late...

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    DTN Early Word Opening Livestock

    Limited early-market activity is expected with traders focusing on the impact of the extreme cold weather moving through most of the country that will impact all areas of livestock production.

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    DTN Closing Livestock Comments

    Livestock markets stabilized Tuesday with futures prices mixed to higher across the complex. Follow-through support trickled into live cattle trade, resulting in new contract highs.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Light to moderate support is seen in all most livestock contracts as traders focus on position adjustments and expectations that the bitterly cold weather conditions will affect livestock performance and overall packer plant...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited activity is seen in livestock futures early Tuesday morning with traders focusing on positioning contracts. The extreme cold weather moving through most of the Midwest is creating production and transportation challenges.

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    DTN Early Word Opening Livestock

    Firm gains have moved through feeder cattle futures early in the week with follow-through market shifts expected in early trade. Position squaring is expected to develop later through the morning as initial activity subsides.

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    DTN Closing Livestock Comments

    Strong buyer interest developed in feeder cattle trade Monday, as the market backed away from previous losses last week. This fundamental support also sparked buying in the live cattle market.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Firm initial buying in feeder cattle trade has sparked additional underlying support through the entire cattle market. This is regaining commercial support during late January. Hog futures are mixed in limited trade volume.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Early pressure has developed once again with lean hog futures holding light to moderate losses, while limited support is seen in cattle trade. Traders are closely monitoring outside markets that have responded to the reopening of...

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    DTN Early Word Opening Livestock

    The weak tone seen in lean hog futures is expected to redevelop early in the week, although traders are expected to attempt to cover short positions at some point through the morning. This depends on overall volume moving into...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Increased pressure has swiftly and aggressively moved into lean hog trade with triple-digit losses seen in all nearby contracts. Mixed live cattle futures is focusing on limited market activity Friday.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Trade activity remains light Friday morning. This is sparking additional underlying pressure in hog futures, bringing about triple-digit losses. Live cattle trade remains mixed in a narrow range ahead of weekly cash trade.

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    DTN Early Word Opening Livestock

    Limited activity is expected early Friday morning as traders focus on position-squaring activity as well as adjusting to developing cash market activity at the end of the week.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Continued selling pressure has added more weakness to the lean hog complex with traders unwilling to step into the weak market structure following steady losses through the week. Live cattle futures are searching for stability in...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited activity is expected to be seen through the entire livestock complex. This may add some additional late-week shifts as traders try to adjust from recent market swings.

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    DTN Early Word Opening Livestock

    Follow-through support is expected to move into live cattle trade during early trade Thursday. Initial moves in hog trade is likely to focus on short-covering opportunities as traders attempt to bring stability back to the complex...

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    DTN Closing Livestock Comments

    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.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

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

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    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.

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    DTN Early Word Opening Livestock

    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.

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    DTN Closing Livestock Comments

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

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    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.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    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.

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    DTN Early Word Opening Livestock

    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...