The Commodity Corner

The last couple weeks have seemed like an extreme roller coaster, keeping traders on their tippy-toes and witnessing irregular moves throughout the livestock complex. However, Tuesday’s trades looked to have calmed the market just a touch, seeing lighter moves and sensible closes. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

Monday proved to see little buyers in the fat cattle futures market, seeing a selloff that lasted most of the day. On the other hand though, cash fats ran up with good sales over the weekend, turning basis positive for the first time in a couple weeks. Feeder Cattle dropped sharply, looking to follow suit to their fatter cousins. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

Both Live Cattle and Lean Hog futures found closes near unchanged after an open that tricked many into thinking we were going to see a stiff selloff. Feeder Cattle were the bright spot, seeing a consistent close higher. February’s Cattle on Feed report came out Friday, showing a higher than expected number for cattle and calves on feed. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

There was not a red contract to be seen yesterday. The bigger news, however, was that Lean Hogs saw another limit move higher Wednesday, coming just a day after they saw their first cooling off break in nearly two weeks. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

After the dust settled from the excitement of Event 232, the Dairy Complex is back to being mixed. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. #CommodityCorner #DairyMarketMinute #DMM #MarketNews #Milk #Cheese #Butter

Feeder Cattle closed the discounted gap that they had been seeing over the past several months on Tuesday by just a bit. Those contracts gained a consistent dollar more their fat cattle counterparts. Although Live Cattle saw consistent gains throughout the tradable contracts, the move didn’t hold a candle to the strong upward move by the feeders. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

Global Dairy Trade Event 232 pushed the Dairy Complex higher on Tuesday. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. #CommodityCorner #DairyMarketMinute #DMM #MarketNews #Milk #Cheese #Butter

The livestock industry overall saw bullish moves Monday, seeing only a few contracts in the cattle market close lower. Basis continues to weaken in both Feeder Cattle and Lean Hog futures, as the nearby contracts continue to outpace the cash market. Monday also saw large volatility in many calendar spreads. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

Lean Hog futures traded as high as they could on Friday, seeing contracts lock limit across the board, that limit being $3.00. This makes yet another day of a strengthening hog market, way outpacing cash hogs. Severe weather continues to leave its mark on the livestock market. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

The Dairy Complex edged higher with notable gains in some of the contracts. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. #CommodityCorner #DairyMarketMinute #DMM #MarketNews #Milk #Cheese #Butter

A historically strong and destructive storm began Wednesday morning and continued through last night, making a wide swath through the middle of the United States, up from South Dakota and Nebraska down to Texas. Winds, flooding, and blizzard like conditions have affected killing operations in many places, seeing cash prices plunge by over a dollar, as packers are unable to take in a normal inventory of cattle. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

The entire hog complex looked to be seeing another strong day across the board, before the front few contracts sold off hard, even seeing April drop below unchanged. Back half hogs, though, did see a close of major strength, widening the spread to over $20 between April and July. Cattle futures didn’t have much of a move either way, closing near unchanged more times than not. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

The Dairy Complex for the most part edged higher. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. #CommodityCorner #DairyMarketMinute #DMM #MarketNews #Milk #Cheese #Butter

Fat cattle futures were the laggards of the livestock contracts Tuesday, losing a good bit of ground on their previously strong March. Feeders followed suit, while hogs jumped higher for the third straight trading day. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

Lean Hog futures saw the second straight day of solid bullish moves, seeing a move above $0.80 in all contracts. Both cattle futures contracts struggled, seeing a bit of a selloff, feeders definitely feeling it more than fats. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

The Dairy Complex started off to a slow start this week. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. #CommodityCorner #DairyMarketMinute #DMM #MarketNews #Milk #Cheese #Butter

All livestock futures products saw a very consistent message on Friday: there is optimism. On the cattle side, both Live and Feeder Cattle picked up modest gains, keeping with the recent bullish feel throughout the market. Lean Hogs saw an outrageous move higher, nearly $3.00 higher in the front four contracts. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

In case you haven’t gotten tired of talking about Feeder Cattle, here we are again with them in the spotlight. Feeders yesterday saw some serious moves higher, however, instead of the recent rough patched they’ve endured. The move wasn’t reflected in the cash side however, still seeing cash trades below $140. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs

With the Cold Storage report coming in the dairy complex struggled into the red. With Cold Storage being released today natural cheese stocks saw a 1% increase month over month while butter stocks were up 18% month over month. Sign up for daily emails or check out our website www.commoditycorner.net for the full report.

Feeder Cattle hit day number two of tough losses, departing again from Live Cattle’s moves sideways. Cash looks to be the variable that continues to yank on the futures, pulling it downwards closer and closer to $140. Hogs caught the eye of sellers, seeing a decent drop throughout the contracts. Sign up for daily emails or check out our website www.commoditycorner.net for the full report. Happy trails folks! #CommodityCorner #LivestockMarketMinute #LMM #MarketNews #Cattle #Hogs