Monthly Archives: May 2018

Date: May 30th, 2018 Morning Ag Markets – Matt Hines Live cattle futures were under pressure all day yesterday with light cash trade at lower prices last week along with outside markets providing pressure to start this week. NE trade reported yesterday on 1,250 head at $109 live matching the low end of last week’s trade. It will be interesting to see how cash feedlot trade develops this week as packers had been buying for deferred shipments previously entering this post-holiday shortened trading week. Feeders held mild gains when corn flipped lower during the day. Most sale barns closed early this week with calf trade in El Reno, OK yesterday reporting steady to $2 higher for steers and $3 to $6 higher for heifers. Cattle…

Date: May 24, 2018 Pete Loewen You know, a week ago we were all in panic mode talking about cattle coming dangerously close to contract lows and since that point the market has done nothing but march higher nearly every day. Cattle complex futures found $2+ gains in most of the feeder cattle contracts yesterday and $1+ on all of the live cattle months except the front month June that was only mildly higher. August was actually up over $2. Fed Cattle Exchange internet trade had a puny 225 head consigned this week and zero sold, so no indication from that action on cash potential this week. Of course, last week’s cash was all over the place, so trying to peg where this week’s negotiated…

Morning Comments 5.23.18

Date: May 22, 2018 Morning Ag Markets Pete Loewen Big sigh of relief for the cattle complex yesterday as futures shot actively higher and escaped the potential in the short term at making new contract lows. Last week, October live futures dipped into life of contract lows, but for the 2018 live and feeder contracts, that was it for new low territory. Everything else managed to hold that massive area of support. Technical analysis based on that move towards the April contract lows looks well supported now. It’s not that new low ground isn’t possible, but for the time being at least, the path of least resistance appears to be up. Oddly enough, that up move, if it keeps marching higher is going to be…

5.22.18 morning ag markets

Morning Comments 5.21.18

Morning Comments 5.16.18

5.15.18 Morning Ag Markets

Morning Comments 5.14.18

5.11.18 morning ag markets