Rick Kment

Lower prices have developed in cattle and hog markets Friday morning. Traders are preparing for the upcoming cattle on feed report Friday afternoon, which is limiting support in cattle trade. Hog markets remain extremely weak...

Firm pressure is seen across the livestock markets with the most aggressive losses seen in lean hog and feeder cattle trade. This may add increased pressure late Friday in all markets.

Little market direction has developed at midday as early short covering in lean hog futures has run its course. Cattle and hog futures remain mixed in a narrow range, limiting additional market developments through the rest of the...

Buyer support has moved into lean hog futures during the early minutes of trade Thursday. This is based more on short covering potential rather than a change in market situations, and could continue to lead to market unrest in...

Sharp buyer support has quickly developed early Wednesday morning. This has helped to bring about even more buyer support through the entire cattle complex. Lean hog trade remains under light to moderate pressure, following the...

Moderate to strong support is developing across the live cattle complex. This is helping to solidify all cattle contracts early in the session, but may spark some additional underlying support through the entire complex.

Moderate to strong pressure is seen in hog markets early Tuesday. This lack of support has eroded any initial gains in cattle trade, and allowed feeder cattle to post moderate to strong losses based partially on strength in grain...

Traders seem to be taking a step back early Tuesday morning in order to assess the strong market shifts seen Monday.

The overall support in cattle markets has taken the entire complex by surprise as live cattle futures have moved from sluggishly traded to strong triple-digit gains during late-morning activity.

Livestock futures are mostly higher early Monday morning as limited buyer activity has slowly but steadily stepped into several contracts. The lack of direction early in the week is evident due to narrowly mixed trading range in...

Light to moderate pressure is developing in live cattle and feeder cattle futures. This is creating some longer-term uncertainty if firm buying will return to the complex next week.

Light activity is seen in livestock markets early Friday morning with light to moderate gains redeveloping in lean hog and feeder cattle trade. There is increased focus on the direction of cash cattle markets, which is influencing...

Buyer support quickly developed Thursdays with traders in live cattle and lean hog futures pushing prices to triple-digit gains. This may spark some end of the week support through the entire complex.

Strong gains have quickly developed in cattle and hog futures during initial trade Thursday. This move has more to do with traders adjusting to recent market losses, as they square positions.

Pressure in most commodity markets Wednesday following the announcement of additional tariffs on $200 billion worth of Chinese products left livestock futures searching for support. This pushed livestock markets sharply lower as...

Pressure in most commodity markets Wednesday has brought renewed uncertainty and concern to the cattle complex Tuesday. This has pushed live cattle and feeder cattle futures to triple-digit losses.

Despite stability trying to establish in hog trade, the cattle market remains defensive, as triple-digit losses have quickly been seen through the entire complex.

Late-day pressure led lean hog contracts to close sharply lower with the August contract settling limit lower. Cattle markets were able to hold onto some buyer support, although hog market pressure is bleeding over to live cattle...

Market structures are firming midday Tuesday with buyers stepping back into the live cattle and feeder cattle markets. This may add some additional support back into the complex.

Triple-digit losses have redeveloped in lean hog trade Tuesday. This is creating additional liquidation as traders continue to focus not only on movement in pork values, but the overall shift in grain and feed prices.

Early pressure is seen in the livestock market as initial concern about follow-through pressure develops as increased trade moves back into the complex.

Livestock markets remain sluggish in a mixed trading range as trader involvement seems to remain extremely limited and outside market factors continue to be closely watched by all traders.

Light to moderate gains have moved into the cattle market Thursday morning based on limited overall volume returning to the complex following the Wednesday holiday. This could keep markets sluggish through the end of the session...

Despite limited trade activity, cattle markets have bounced slightly higher with very little additional support expected to be seen across the complex. This may add some additional price shifts through the morning in both cattle and...

Limited activity is seen across the livestock complex with mixed prices developing. Markets will close early ahead of Wednesday's Independence Day HOLIDAY that will keep markets untraded until...

Holiday trading activity seems to have shifted through the entire complex early Monday with markets closed Wednesday likely to keep overall activity sluggish through most of the week. Mixed trade is seen across cattle and hog...

Limited market activity has left cattle markets with very little reason to spark additional wide-ranging market moves late in the week. Narrow moves in cattle trade is being offset by strong pressure in the hog complex.

Firm pressure is seen in most livestock markets early Friday morning with hog trade leading the complex lower with concerns of slipping demand over the next several months. Cash cattle trade remains undeveloped, leaving futures...

Moderate to firm losses have redeveloped through the hog complex Thursday morning. This is holding most nearby contracts nearly $1 per cwt lower as traders remain concerned about fundamental support and long-term pork demand.

Limited activity is seen in all markets with light to moderate price pressure seen in both cattle and hog futures. There is increased softness developing through the complex as traders look for increased activity through the morning.

Widespread pressure is quickly redeveloping across lean hog trade as August futures are locked in limit losses of $3 per cwt. This pressure is not affecting the cattle complex with prices mixed in a narrow range.

Cattle trade is mixed in a narrow trading range early Wednesday morning. The overall lack of activity could keep prices moving in a choppy but directionless path.

Moderate to firm buyer support is seen in the cattle complex with increased overall support developing across all futures trade. Lean hog futures have posted aggressive losses, as traders adjust to previous market gains over...

Weak market activity is seen in the livestock market early Tuesday with triple-digit losses seen in cattle and hog futures. Outside market pressure is adding another level of concern to livestock markets early in the session.

Strong support is seen in nearby lean hog trade with triple-digit support developing in front month futures. Cattle trade remains sluggish with limited interest seen through the entire complex.

Traders are quickly backing away from the cattle complex early Monday morning. The sharp near-limit gains seen Friday is creating some market correction as more volume is expected to move through all livestock trade during the...

Cattle futures are leading the complex higher with gains in August live cattle hitting a $2.80 per cwt gain. The shift from strong early market losses has created increased volatility in the lightly traded complex.

Market weakness continues to develop across the livestock market with triple-digit losses seen in most trade early Friday. This is likely to limit overall buyer support through most of the session.

Triple-digit losses are seen in nearly all livestock contracts Thursday. This lack of support has been sparked by increased overall pressure in grain trade and concerns that recent livestock buying may continue to liquidate positions.

Firm pressure is seen early Thursday morning in cattle trade with losses developing from 30 to 50 cents per cwt in most contract months. Although lean hog trade remains mixed, the lack of renewed support could add pressure to...

Light to moderate weakness has developed through the complex. Increased pressure may continue to be seen late in the day in live cattle and feeder cattle markets. Hog futures have posted strong gains Wednesday.

Strong support is seen in nearby lean hog futures. This is helping to spark some short-covering activity following pressure Tuesday. Mixed markets in cattle trade is keeping prices in a narrow trading range early Wednesday morning.

Strong triple-digit losses are seen in nearby feeder cattle futures. This is putting additional pressure on live cattle markets, although losses continue to be minimal at this point. Hog futures have firmed Tuesday.

Limited direction developed Tuesday morning as traders continue to adjust from the wide market shifts that moved into livestock futures late Monday. This may limit overall direction in most contracts.

Firm gains have developed in live and feeder cattle futures late Monday morning. The underlying fundamental support is sparking additional buyer interest.

Light to moderate support is expected to be seen through the livestock trade. The follow-through support is helping to add to market momentum through the complex. There may be some additional support through the complex...

Strong gains have developed in nearby livestock futures in cattle and hog markets. This late-week support is helping to extend the previous market gains. There is growing interest in firming market fundamentals following gains in...

Gains are seen in most livestock trade early Friday morning. This is helping to spark some additional buyer activity through the complex. Traders will continue to focus on cash market direction in both cattle and hog markets Friday.

Increased buyer support is moving into the cattle complex with live cattle futures leading the charge higher. Lean hog futures remain mixed in sluggish morning trade.

Triple-digit gains are seen in live cattle and lean hog trade midday. This is helping to add even more support into nearby contracts in hog and cattle markets.

Moderate to strong gains have quickly developed in nearby lean hog and live cattle trade. This is helping to spark some additional support through the complex with traders looking for increased trade to be seen through the complex.

Strong support has quickly developed across the cattle complex late Tuesday morning. This may spark some additional longer-term support through the rest of the week.

Sharp pressure quickly developed across the lean hog futures complex. This is adding to the already weak market trend across the pork complex. Light gains have slowly developed through the cattle trade. This is limiting buyer...

Cattle futures have bounced back from early losses as traders are starting to focus on longer-term market demand. Hog complex continue to struggle to gain support with July and August futures holding triple-digit losses.

Light activity is seen in the livestock markets with firm pressure in hog markets offset by narrow market gains in nearby cattle futures. This limited direction could hold through most of the day.

Moderate price support is seen in nearby lean hog futures while most other contracts are holding light to moderate pressure. Limited activity is expected to keep markets hovering in current price ranges.

Very limited trade activity is seen early Friday. With Thursday being the end of the month, most traders seemed to adjust positions at that point. This could keep overall market movement sluggish through the rest of the complex.

Moderate to strong pressure is seen in all livestock trade midday Thursday. Although prices have moved well off of session lows, there continues to be significant weakness across the complex.

Trade activity remains sluggish with very limited activity seen through the entire complex. Mixed price shifts are seen across the livestock market although limited trader activity is keeping prices in check following recent gains.

Aggressive buyer support flooded the livestock complex with triple-digit gains seen in all nearby contracts. June and August Live cattle futures closed higher with $3 per cwt gains. This will create expanded trading limits in live...

Limit gains have developed in August live cattle trade late-morning Wednesday. Strong buyer support has flooded into all cattle trade with increased overall focus on the ability to draw buyer activity back into the complex.

Lean hog contracts closed sharply higher with nearby issues surging ahead of their deferred counterparts. The cattle complex settled significantly lower in the live market and mixed in the feeder trade.

Lack of follow-through buyer support and strong pressure in outside markets has shifted the tone from early market firmness to sharp losses in live cattle trade. This could continue to keep markets vulnerable over the near...

Buyer activity is moving back into the hog complex early Tuesday morning following the extended holiday break. The focus on seasonal market support is helping traders continue to move into the market following strong pressure...

Traders are expected to quickly step back into the futures complex following the lackluster trade late last week and long holiday weekend. Early price shifts are expected to be mixed to mostly higher as traders look for additional...

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.