Cattle futures have come to life yet again.
A recent price recovery in both live cattle and lean hog futures contracts is offering an opportunity for producers to lock in better prices than existed just a few weeks ago.
Today's Cattle on Feed report is a bearish surprise. USDA’s monthly survey of feedlots found 2.6% more placements in August against the trade expectation of a 2.1% decline.
Five years ago this month, I became a quitter.
The most popular tractor ever built made its mark with cheap horsepower.
The bottom has been reached on premium used planters, driving up their values.
This firm says hang on to hedges . . . but until when?
For agricultural commodities, larger supplies generally result in lower prices. This year's hog market is going against that adage with both larger supplies and higher prices.
There’s a wall of meat coming soon – beef, pork, and poultry. It probably means that cattle prices haven’t hit bottom for this cycle.
It would appear that the bull rally that is over a month long is now feeding from its own enthusiasm, analyst Rich Nelson says.
Anywhere in the +$77 range via summer futures is a valid price to work from.
The days of arguing that hog futures are sharply underpriced are over.