Feeders & Fats rebounded today finishing higher from a spur in demand. Hogs closed up due for a bounce from oversold conditions. 96% LRP coverages for 47 wks ending 9/9- Unborn cattle $333/$82, Feeders<6cwt $349/$86, Feeders>6cwt $317/$131, Fats $211/$123 & Hogs $76/$6
Sustained demand remains a key concern in all sectors of the livestock market as Feeders, Fats & Hogs all closed lower. 97% LRP coverages for 43 wks ending 8/11- Unborn cattle $334/$83, Feeders<6cwt $350/$86, Feeders>6cwt $318/$131, Fats $221/$136 & Hogs $76/$6
Feeders & Fats closed lower from a weak cash market waiting for a spark. Hogs fell lower looking for good news to feed the bulls. 98% LRP coverages for 39 wks ending 7/13- Unborn cattle $339/$84, Feeders<6cwt $355/$88, Feeders>6cwt $323/$135, Fats $226/$140 & Hogs $77/$7
Hoosier harvest rolls on as farmers wrap up soybeans and turn to corn. Yields are holding near average, but weather damage and disappointing corn yields are keeping expectations in check in the latest Hoosier Ag Today Crop Tour.
https://t.co/QTo6NYxN5v
🌽USDA's October report delivered a U.S. corn yield surprise, coming in 3.5 bpa above the average trade guess.
The most notable move was +11 bpa in Nebraska. Illinois is the only major state where yield went down.
Feeders & Fats moved lower pressured by technical selling. Hogs continue to struggle to find good news ending the day lower. 90% LRP coverages for 30 wks ending 5/6- Unborn cattle $305/$29, Feeders<6cwt $320/$30, Feeders>6cwt $291/$46, Fats $212/$41 & Hogs $71/$3
The downward spiral continues in hogs from a softening cash market. Feeders & Fats fell off from a lower move in beef cutouts. 92.5% LRP coverages for 26 wks ending 4/7- Unborn cattle $317/$34, Feeders<6cwt $332/$36, Feeders>6cwt $302/$54, Fats $216/$52 & Hogs $69/$4
Feeders & Fats were higher supported by positive signals. Hogs were mixed with sideways trade signals keeping a cap on a rally. 95% LRP coverages for 21 wks ending 3/2- Unborn cattle $328/$42, Feeders<6cwt $343/$44, Feeders>6cwt $312/$66, Fats $222/$69 & Hogs $69/$5
Technical pressure weighed on Feeders & Fats as the market pauses looking for direction. Hogs rebounded to end higher on short covering. 96% LRP coverages for 17 wks ending 2/1- Unborn cattle $325/$41, Feeders<6cwt $340/$43, Feeders>6cwt $309/$65, Fats $213/$63 & Hogs $69/$5
Feeders & Fats posted big gains today as the softening grain sector is pushing the rally. Hogs closed mixed waiting on good news to turn the tide. 98% LRP coverages for 47 wks ending 8/26-Unborn cattle 338/100, Feeders<6cwt 354/159, Feeders->6cwt 322/159, Fats 223/175 & Hogs 76/9
Feeders & Fats posted big gains today capitalizing from the drop in grains. Hogs closed lower on a weak cash market. 99% LRP coverages for 7/28- Unborn cattle $337/$99, Feeders<6cwt $353/$103, Feeders>6cwt $321/157, Fats $225/$164 & Hogs $77/$9
Feeders moved higher while Fats finished mixed as the market repositions with eyes on future swings. Hogs bounced higher on oversold conditions. 90% LRP coverages for 39 wks ending 6/29- Unborn cattle $301/$40, Feeders<6cwt $315/$41, Feeders>6cwt $287/$63, Fats $205/59 & Hogs70/3
Feeders & Fats finished lower plagued by the uncertainty of slaughter disruptions. Hogs are still under water as weak fundamentals push them lower. 92.5% LRP coverages for 34 wks ending 5/24- Unborn cattle 308/43, Feeders<6cwt 322/44, Feeders>6cwt 293/66, Fats 214/68 & Hogs 71/4
The drop in grains gave Feeders & Fats a spark to close higher. Hogs moved lower on technical selling & stalling demand. LRP coverages for 30 wks ending 4/23- Unborn cattle $319/$53, Feeders<6cwt $334/$56, Feeders>6cwt $304/$64, Fats $220/$95 & Hogs $73/$6
Beef is trading the headlines today causing Feeders & Fats to close lower. Hogs bearish trend continues as we await results from today’s Hog & Pig report. 96% LRP coverages for 26 wks ending 3/25- Unborn cattle $319/$52, Feeders<6cwt $334/$54, Feeders>6cwt $304/$83 & Fats 220/93