Rick Kment

Buyer support moved back into the cattle complex late Friday. The support developed following the early release of the cattle on feed report, which posted a 92% cattle placement compared to year ago levels. Light buyer interest...

Livestock futures are trading within a narrowly mixed price range as very limited activity is seen in the complex. Many traders have already checked out for the week as markets will not reopen next week until Tuesday.

Follow-through pressure is slowly trickling into cattle trade Friday morning. The lean hog complex has bounced higher despite limited trade activity and overall sluggish market direction through the complex.

Trader interest is expected to remain sluggish through the entire Friday session with traders still in the market focusing more on end of the week and pre-holiday positioning than anything else at this point.

Moderate to strong support in cattle trade quickly faded late in the session as strong market losses developed in nearby live cattle futures. This quickly shifted the tone of all market activity with cattle markets closing mostly...

Feeder cattle futures have continued to lead the market higher. This is helping to spark some underlying support through the entire cattle market. Losses in lean hog trade have backed away from session lows as traders search...

Livestock futures are mixed early Thursday morning with narrow market shifts seen in live cattle trade. Nearby lean hog futures have posted narrow to moderate losses, despite firm buyer support redeveloping most cattle trade.

Buyer support is expected to slowly step back into the complex early Thursday following the triple-digit rally that developed midweek. This could help to firm additional commercial interest through the end of the week.

Triple-digit gains were seen in cattle and hog futures Wednesday. This helped draw additional buyer support back into the market early in the session. This support continues to hold as trade volume slowed through the end of the...

Triple-digit gains have developed through the morning in cattle and hog futures. This buyer support is driven by follow through interest moving into the cattle complex.

Livestock futures have gained support in live cattle and feeder cattle futures. There is light buyer interest moving back into the lean hog complex, but activity is expected to remain sluggish.

Triple-digit losses have swept through livestock markets as traders focus on end-of-week market adjustments over technical or fundamental market direction. This could limit early-week movement as additional trade is expected Monday.

Livestock futures have posted light to moderate losses early Friday as traders pull back from previous market gains. The moves lower have more to do with end-of-week positioning than any market factors in either cattle or hog...

Strong spot market gains have developed in live cattle trade Thursday morning. This has helped to breath additional life back into the complex with traders looking for follow through support through the rest of the session.

Lack of follow-through buyer support in cattle trade has allowed for increased market pressure across the entire complex. This may draw seller interest into the market through the remainder of the morning.

Early market gains seen in livestock futures has eroded as more volume moved into the market. This could add even more volatility to the entire complex through the rest of the week.

Buyer support is moving into cattle and hog futures early Wednesday morning. The underlying focus on the triple-digit gains seen in feeder cattle is helping to bring additional support to the entire complex.

Strong support has held through the morning in most lean hog futures as triple-digit gains have developed in summer contracts. The cattle market remains mixed as traders remain concerned about demand.

Follow-through selling pressure is seen in most cattle trade early Tuesday morning. The attempt to cover short positions in live cattle markets has been only partially successful as the weaker market tone continues to overshadow...

Firm gains have developed in most lean hog futures following a weaker market open and generally lackluster trade activity. This could help to build additional market support over the near future.

Pressure through the end of the week limited trade volume in all markets as futures pulled back from previous gains. This market shift lower is not expected to create any significant directional shift early next week.

Traders are adjusting market positions at the end of the week with narrow losses seen in cattle trade. The sharp triple-digit support that developed earlier in the week is causing some buyers to step back from the market at...

Triple-digit losses have quickly moved through live cattle and feeder cattle trade early Monday morning. There is growing weakness developing in all markets, although light volume is likely to be limiting additional selling pressure.

Strong upward market momentum is seen across the cattle complex, which is helping to add even more buyer support to the entire complex. This is likely to add to the already strong gains in nearby cattle trade during late day...

Trade remains sluggish in most contracts with traders focusing on the inability to draw active support back into the complex. The early mixed trade could allow for even more buyer support to be seen at the end of the week.

A lack of volume from early buyer support caused nearby livestock contracts to erode late Wednesday. Feeder cattle futures were able to hang onto higher prices, but markets remained well below session highs due to limited buyer...

Early gains in cattle trade have held through most of the morning, but are starting to fade. There remains uncertainty as to just how much support will redevelop late in the session.

Increased buyer support has quickly moved into the cattle futures market following moderate to strong losses seen Tuesday. This could help to solidify early-month trade activity in all markets.

End-of-month positioning is the main order of business midday Monday with price shifts developing through nearby contracts. Cattle futures are adjusting lower following the month-long rally developing in the complex, while mixed...

Light losses are seen early Monday as traders continue to focus on additional longer-term market shifts. End-of-the-month positioning is likely to develop through the rest of the session.

Strong gains have slowly trickled into the feeder cattle complex with spot trade holding a $1 per cwt gain despite limited trade volume. Lean hog futures are under pressure as continued selling pressure is seen Friday late morning.

Moderate buyer support is starting to slowly develop in live cattle and lean hog trade early Friday morning. The bounce off of firm pressure which developed Thursday is allowing for market stability to be focused on late in the week.

Nearby lean hog futures are holding moderate to strong losses with triple-digit pressure seen in May through July contract months. Cattle trade is mostly lower with traders focusing on very little additional buyer support willing...

Strong pressure has redeveloped in lean hog futures trade early Thursday morning. This continues to bring about additional uncertainty about trader consistency and longer-term market support through the upcoming weeks.

Firm gains have developed in cattle trade midday following sluggish and mixed market direction through most of the morning. Hog prices are firming on increased trade activity.

Limited activity is seen through the entire complex with traders looking for additional longer term direction from both the cattle and hog complex. Additional pressure may be seen through most of the morning.

Moderate to strong buyer support is redeveloping into the cattle complex early Tuesday morning as early week gains have spurred follow through buyer support to quickly develop. Lean hog futures are under light to moderate...

Strong triple-digit gains have developed in feeder cattle trade early Monday morning. The focus on additional long term interest rebuilding across the entire cattle market is stimulated by strong cash market support last week.

Sharp early losses seen in cattle and hog futures Friday morning have moderated through midday with light but noticeable buyer support slowly moving into the complex.

Moderate to strong pressure has developed across the livestock market with traders looking for increased trader involvement. There is growing concern that additional weakness may be seen through the end of the week despite...

Despite the development of higher cash cattle trade through the southern regions of cattle country, aggressive midday losses have developed in futures markets. This push lower is causing some additional widespread market...

Limited trade volume is seen in all livestock trade Thursday morning. It is expected that mixed trade will continue to be seen in cattle futures through most of the morning based on traders squaring positions from previous support...

Triple-digit gains quickly developed in hog trade Wednesday as May futures posted an impressive $1.95-per-cwt rally. This overall support continues to draw buyers to the table, which may further support livestock trade the rest of...

Nearby buyer support is helping to push hog prices higher Wednesday morning. The lean hog complex is leading livetock prices higher with $2 per cwt gains in a few nearby contract. Buyer activity continues to be seen in cattle...

Buyer support solidified in nearby live cattle futures with April contracts gaining 90 cents per hundredweight following a strong week-long rally in the complex. This has continued to build underlying support in all cattle trade.

Moderate to firm gains developed across the cattle complex early Tuesday morning. This may add even more support to the market through the session if increased buyer support can develop. Hog markets remain slightly lower as...

Strong gains quickly swept through cattle trade Monday morning with triple digit moves focusing on previous gains in cash cattle markets. Hog futures remain under light to moderate pressure as traders focus on new front month...

Strong triple-digit gains have flooded into the cattle trade early Monday. There is growing support to add even more focus on the potential to draw additional trade to the market over the next couple of weeks as traders move...

Moderate to strong support has redeveloped through the cattle complex. This is adding even more support to all livestock trade as buyers are focusing on the potential for firm fundamental gains.

Traders have quickly backed away from strong triple-digit gains seen across the cattle market by midday. Light to moderate gains are seen in most markets, although narrow market shifts may continue to develop through the end...

Light buyer interest has moved into all nearby livestock futures early Wednesday morning. The ability to draw additional buyers to the table is helping to calm some market fears, but traders have not shown evidence that additional...

Traders have quickly backed away from strong market gains seen during early morning activity. This has left the livestock market mostly lower, although spot month contracts have been able to hold onto buyers through midday.

Buyer support redeveloped early Tuesday morning. This added increased buyer activity into all markets. There is expected to be some follow through support seen in the next couple hours despite light volume.

Early-morning trade focused on sharp triple digit gains developing in cattle trade. But limited follow-through activity eroded early support, while buyers quickly flooded into the hog complex. This has posted strong nearby contract...

Triple-digit gains were seen just after opening bell in all cattle markets. Traders were quickly to back away from the sharp losses which developed Friday, and continue to focus on firming buyer activity over the near future.

Strong pressure has continued to develop in cattle and hog markets Friday. Additional concerns of long term market pressure following increased uncertainty with trade relations of China has added to the market weakness.

Price pressure is seen in all livestock markets with traders focusing on the ability to square positions at the end of the week. Sharp gains over the last couple of days have allowed for positioning to develop.

Triple-digit market gains have swept through the cattle complex during morning trade. The combined support seen following midweek buyer activity moving back into the market has posted an impressive market bounce in live cattle and...

Triple-digit gains have moved into the cattle complex early Thursday morning. This has quickly confirmed the late-day gains Wednesday and could bring additional buyer activity through the end of the week.

Despite early losses, buyer support was rekindled through the last couple hours of trade Wednesday. This pushed cattle and hog futures to triple-digit gains and is creating increased volatility...

Mixed to mostly higher trade activity is moving into hog futures Wednesday. This shift has more to do with aggressive pressure seen in cattle and most other commodity markets during morning trade. This is taking the attention off...

Strong pressure is quickly developing in cattle and hog futures early Wednesday morning. The focus in most markets appears to be the concern of how proposed tariffs on both sides of the U.S. and China debate will affect overall...

Cattle and hog futures trade faced significant pressure Tuesday. Despite mixed price movements in most cattle trade Tuesday morning, the lack of buyer interest pressured the market late in the day.

The hog market saw follow-through pressure Tuesday morning with triple-digit losses seen in all nearby contracts. Cattle futures have swung higher and lower through the morning, with narrowly mixed trade developing at midday.

Moderate to active buying support moved into the cattle market with nearby live cattle and feeder cattle trade holding 60-cent to 90-cent gains. This support is starting to draw buyers back to the table after early-week losses.

Lean hog futures saw sharp losses early Monday. The concern surrounding tariffs on exports to China has added to widespread selling. Cattle futures are also under pressure as early buyer support was unable to hold.

With the announcement that pork products will be included in the 25% tariff imposed on exports to China, pork futures have tumbled lower. This has created pressure during the first day of trade in April. Cattle markets are mixed...

Aggressive pressure through the entire cattle complex brought triple-digit losses, evaporating most of the recent gains. Hog futures have eroded due to weakness in cattle trade.

Buyers continue to move into the livestock complex with the focus across the complex moving to positioning before the end of the week, month and quarter. Markets will remain closed Friday due to Good Friday and Easter holiday...

Strong gains have quickly and swiftly moved through the entire livestock market. This is allowing triple-digit gains to develop in cattle and hog futures, weakened the concern that additional liquidation may continue to develop...

Early activity is expected to remain sluggish Wednesday morning as traders continue to focus on the limited support available earlier in the week. Trade volume through the rest of the week is expected to remain light due to the...

Live cattle and lean hog futures were unable to hold on to strong early gains Tuesday, closing mixed in a narrow trading range. This lack of follow-through support will likely limit later market interest.

Buyers have slowly trickled into nearby livestock futures early Tuesday morning. This is helping to bring a sense of renewed hope to the complex as traders look for some needed stability if price gains are able to hold.

Even though market weakness continued to be seen in most livestock trade, the sharp losses late last week have allowed for buyers to reenter the market. Focus on increased volatility could pull additional buyers back into the...

Sharp losses have quickly developed through all livestock markets. This is leaving increased pressure in nearby contracts and may add even more weakness to the complex early next week.

Losses in all livestock trade remain significant during early market activity Friday. This lack of support is creating some widespread concern that additional long-term pressure may develop through all livestock markets.

Strong triple-digit gains in the cattle complex have started to evaporate as renewed selling pressure is moving into the market at midday.

Light activity is seen in all livestock markets Thursday morning. Prices continue to shift moderately lower in most contracts, although traders are attempting to cover positions in live cattle markets with narrowly mixed trade early...

Live cattle and feeder cattle futures both saw triple-digit losses Wednesday, which allowed defensive cash cattle trade to redevelop. Hog markets remained sluggish in a narrowly mixed trading range.

Triple-digit losses have quickly moved through the live cattle complex. This is adding even more uncertainty to not only cattle markets, but the entire livestock complex.

Moderate follow through pressure is seen in live cattle trade early Wednesday morning. This is likely to limit the ability to bring any stability back to the table over the near future.

Nearby cattle futures broke through current support levels Tuesday as traders continued to test long-term thresholds. The concern that fundamental weakness will add selling pressure may cause additional market losses.

Limited activity is developing cattle and hog trade Tuesday morning. Light to moderate support trickling into front month futures is being offset by follow-through pressure in the back end of the complex. This will likely keep...

Continued pressure is seen in livestock markets with cattle futures holding light to moderate weakness through the first few minutes of trade. Activity remains sluggish compared to early-week liquidation, which may lead to some...

Livestock futures have posted triple-digit losses through the last half of the morning with traders focusing on aggressive outside market losses. This may add even more weakness to the complex as traders continue look for...

Livestock trade remains weak in the early minutes of trade Monday morning. Increased concerns about export markets and generally stable-to-lower cash trade is limiting buyer interest early in the week.

Firm pressure is seen in the livestock complex. There is sluggish trade activity in all markets, although the entire market is weak due to light trade.

Follow-through losses develop in the cattle complex Friday morning. The narrowly mixed moves in hog trade is helping to bring some stability in the complex, although traders focus on the inability to actively support trade at the...

Sharp triple-digit losses have quickly swept through the cattle complex during morning trade. The pressure is pushing traders to remain more uncertain about the ability to step back into the market in the near term.

Light to moderate pressure is seen in cattle and hog futures early Thursday morning. The pullback from midweek gains is causing some additional concern that follow-through pressure may develop through the rest of the week.

The Strong triple-digit gains seen early in the session across all cattle markets have eroded. This is leaving prices mixed to mostly lower at midday.

Strong gains quickly have moved into the cattle complex. The development of light cash cattle trade Tuesday is sparking renewed buyer support across the complex.

Firm, follow-through pressure in cattle trade Tuesday is eroding any sense of buyer support that had attempted to move back into the market.

Limited trade volume is keeping the direction of livestock markets stable early Tuesday morning. Very little dditional activity is expected over the next couple of hours. This may limit additional direction through the complex.

Wide ranging trading shifts are seen Friday morning. The focus on increased market activity through the next week may add even more pressure to the market.

Strong losses have redeveloped across the cattle complex. This is focusing on additional market pressure that may develop through the rest of the week.

Despite a calm early trade, cattle futures have moved aggressively lower with triple-digit losses in all contracts. The concern of follow-through pressure developing is creating a weaker market structure.

Firm pressure is seen through all lean hog futures contracts early Thursday morning. The concern that additional widespread liquidation will develop if prices are unable to hold short-term support levels is bringing trade activity to...

Strong, triple-digit losses were seen in the hog complex through most of Wednesday's session. Even though prices pulled back from session lows, the tone of the market remains under pressure. Cattle futures moved higher, but were...

Sharp triple-digit losses have quickly developed across all nearby lean hog trade. This is causing some technical pressure in the market that may spark additional widespread liquidation through the rest of the week. Cattle markets...

Limited activity is seen early Wednesday morning with traders trying to look for increased longer-term market shifts, but the limited volume is keeping prices contained in a narrow to moderate range. The tone of the entire...

Sluggish trade is keeping livestock markets in a mixed and generally directionless pattern through the morning. Prices have continued to bounce higher and lower within a set trading range as overall lack of trader interest will...

Narrow losses are seen in nearby cattle futures early Tuesday morning. This is leading to additional price weakness and growing market uncertainty through the week. Hog futures have continued to gain light to moderate support as...

Moderate to strong support is seen in livestock futures with triple-digit gains seen across the complex. This is helping to bring additional momentum to the complex, which has posted strong underlying pressure over the last couple...

Sluggish activity is seen in the all livestock markets. There is the expectation that additional buyer activity may develop later in the day which could bring increased stability to the entire market.

Moderate to firm pressure is seen early Friday, which is leading to additional underlying softness at the end of the week. Firm pressure in cattle trade is allowing most traders to remain on the sidelines as they assess longer-term...

Quiet trade is seen across the livestock market early Friday morning. Initial mixed trade is evident in live cattle and lean hog futures with traders trying to adjust to previous positions and adjust for end-of-week shifts through...

Increased pressure quickly developed in feeder cattle trade early Thursday. Traders picked up in early March where they left off as they closed the book on February, with triple-digit losses. The lack of support in all livestock...

Narrow trading ranges are seen early Thursday morning in all livestock trade. This limited interest in cattle and hog trade continues to focus on the ability to bring new trade activity back to the table following the first of the...

Cash cattle trade has started to develop through the morning Wednesday. The overall weakness in futures trade has caused some additional end-of-month activity, which is posting prices generally $2 per cwt lower than last week.

Firm pressure is seen in cattle markets early Wednesday morning. The overall lack of direction in the complex continues to bring some uncertainty to all livestock markets.

Buyer support is moving into the cattle complex through the session Tuesday, although prices have slowly backed away from early session highs. This has added uncertainty to the entire complex.

Early trade has quickly bounced off of early-week market pressure. This is helping to bring additional underlying activity to the market as prices may continue hover within the wide sideways range that has developed.

Market weakness is expected to redevelop early Tuesday following the swift market pullback in month futures trade during initial early-week trade. This may limit additional buyer activity through most of the morning.

Firm pressure developed in all nearby livestock trade with lean hog futures leading the market lower. Despite support in both pork values and cash prices, strong follow-through selling swept through the complex.

Initially mixed trade seen Monday morning has quickly turned to sharply lower prices in cattle trade. The weakness in the cattle on feed report Friday is sparking additional market pressure in live and feeder cattle trade.

Light to moderate pressure is developing across the cattle complex following pressure from Friday's cattle on feed report. Mixed trade is seen in lean hog markets.

Early trade is expected to remain mixed to weak as traders in the cattle complex have their first opportunity to trade after the Cattle on Feed report, which was released Friday. Steady-to-weak market activity is likely to...