Meats
Morning Hog Market Report
July hogs sold off sharply yesterday but then made a strong recovery off of those early lows. July hogs were down as much as 190 points on the day as weak outside market forces and a negatively-received cold storage report were seen to have pressured the market.
3:33 pm | CME Group
Morning Cattle Market Report
June cattle pushed fell lower during yesterday's trading session and reached a 5-session low as weakness in outside market forces, a negatively-received cold storage report and a sloppy tone for the cash market were all seen to have helped pressure futures prices. Weakness in hogs also added to the negative tone of the market.
3:22 pm | CME Group
Morning Hog Market Report
July hogs closed 90 lower on the session yesterday and closed down for the third session in a row, as the market is already fallen as much as 305 points from Friday's highs. Many traders feel that short-term negative cash market influences are combining with current economic concerns to pressure the market going forward.
May 23 | CME Group
Morning Cattle Market Report
June cattle closed higher for the session yesterday in the face of sharply lower prices for other agricultural markets. June cattle traded as much as 100 points higher early in the session as a strong beef market so this week and ideas that supply will tighten going into the summer after low placements this spring were seen as supporting the market.
May 23 | CME Group
Morning Cattle Market Report
June cattle traded at the highest level since March 29th yesterday before closing moderately lower for the session and down near the lows of the day. Ideas that wholesale buying ahead of the Memorial Day holiday is now complete and that beef prices could ease was thought to have pressured the market after trading as much as 87 higher on the day early in the session.
May 22 | CME Group
Morning Hog Market Report
July and August hogs closed sharply lower on the session yesterday as the market reacted negatively to the premium of futures over the cash market and concerns that cash markets might trade steady to a bit lower early this week. Packer margins are said to be in the red, which could push packer bids down.
May 22 | CME Group
Morning Cattle Market Report
June cattle surged higher during Friday's session June to the highest level since March 29th in front of the USDA report, as a rise in beef prices was thought to have restored confidence that cash cattle could remain in an uptrend into mid-June. Cash cattle in the plains traded late on Friday at $123.00-$124.00 in Texas and Kansas, which was up $3.00-$4.
May 21 | CME Group
Morning Hog Market Report
July hogs failed to find additional support early on Friday and closed lower, after first trading up highest level since April 26th. While a jump in pork values and a rally in rib prices helped to provide underlying support, ideas that the futures rally has again lifted the premium to the cash marke...
May 21 | CME Group
Morning Hog Market Report
July hogs closed sharply higher on the session yesterday and up near the highs of the day, and posted the highest close since April 19th as the market found carryover support from higher cattle prices. Ideas of higher slaughter levels on Saturday due to higher demand level, plus news that cash markets in the Midwest traded steady to $1.00 higher was thought to be supportive for hog futures.
May 18 | CME Group
Morning Cattle Market Report
June cattle closed sharply higher on the day, with the market experiencing the highest close since March 29th. Talk of a sharp drop in placements for April and likely May as well plus continued talk that beef demand will rise during active consumption weekends just ahead helped to support.
May 18 | CME Group
Morning Cattle Market Report
The cattle market saw choppy trading early during yesterday's session but prices rose to a 3-session high led by strength in hogs and an improving demand tone for beef. The surge in beef prices this week and ideas that consumer demand during the next few months might benefit from lower gasoline...
May 16 | CME Group
Morning Hog Market Report
July hogs closed sharply higher on the session yesterday and rose to the highest price levels since April 27th. The sharp rise in pork product prices late Monday helped to support higher packer bids in the cash market, while the jump in rib prices led cut-out values higher.
May 16 | CME Group
