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Market News

Hogs Close Mixed on Friday
BarchartFri May 16, 4:53PM CDT
Lean hog futures saw mixed action on Friday, with nearby June down 37 cents and other contracts up 5 to 30 cents. June managed to pull out a $2.75 gain this week. USDA’s national average base hog negotiated price was reported at $88.10 on Friday afternoon down $6.69 from the...

Cattle Head Into the Weekend with Gains
BarchartFri May 16, 4:53PM CDT
Live cattle futures rebounded higher into the weekend, with contracts up 90 cents to $1.30, as June slipped back $2.45 this week. Cash action kicked off on Thursday, with Southern sales of $218-220, steady, and $229 in the north. Feeder cattle futures posted gains of 65 cent to $1.80 on...

Hog Traders Mixed on Friday
BarchartFri May 16, 12:21PM CDT
Lean hog futures are trading mixed at midday, with contracts 17 cents lower to 40 cents higher. USDA’s national average base hog negotiated price was not reported on Friday morning due to light volume, with a 5-day rolling average at $93.73. The CME Lean Hog Index was up 25 cents...

Cattle Rebounding on Friday
BarchartFri May 16, 12:21PM CDT
Live cattle futures are rebounding on Friday, with contracts up 85 cents to $1.32. Cash action kicked off on Thursday, with Southern sales of $218-220, steady, and $229 in the north. Feeder cattle futures are showing gains of $1.20 to $2.20 at midday. The CME Feeder Cattle Index was down...

Cattle Look to Friday After Midweek Selling
BarchartFri May 16, 7:35AM CDT
Live cattle futures fell on Thursday, with contracts down $2.77 to $3.82. Preliminary open interest was down 6,574 contracts in June, but rose in the other front months, with August up 2,623 contracts. Cash action kicked off on Thursday, with Southern sales of $218-220, steady, and $229 in the north....