|
FORTUCAST Agricultural Timer - Cattle |
 |
 |
 |
|
Written by Barry Rosen at Fortucast
|
|
Wednesday, 16 May 2012 11:45 |
|
JUNE LIVE CATTLE (electronic OK)
(5/15): Live cattle closed higher on spillover support from the lean hog pit. With no developments in the cash cattle market and boxed beef values relatively stable for the moment traders focused on the support in outside markets, especially in the grains, Brownfield Ag News reported. Feeders ended steady to higher despite the rally in corn prices. Tuesday’s cattle kill was estimated at 126,000 head, the same as last week, but 3,000 less than 2011. Boxed beef cutout values were firm to higher on moderate demand and light to moderate offerings. Choice beef was up .58 at 191.61, and select was 1.38 higher at 187.08.
Sign up for a 2 week Fortucast Trial |
|
Last Updated on Wednesday, 16 May 2012 05:46 |
|
Both June Cattle And June Hogs Look Poised to Test Key Resistance Today |
|
|
|
|
Written by Dennis Smith
|
|
Wednesday, 16 May 2012 09:56 |
|
LEAN HOGS
Good morning. Lean hog futures look poised to test resistance levels today which I'll define as 8650 basis the front month June contract. A couple of key fundamental developments appear to be happening at the same time.
|
|
Last Updated on Wednesday, 16 May 2012 04:02 |
|
Read more...
|
|
FORTUCAST Agricultural Timer - Hogs |
|
|
|
|
Written by Barry Rosen at Fortucast
|
|
Tuesday, 15 May 2012 11:40 |
|
JUNE LEAN HOGS (electronic session ok)
(5/15): Lean hogs ended mixed. The market was pressured by the lack of support from the cash hog market and continued concerns over consumer demand for pork, Brownfield Ag News reported. There was slow market activity with light demand in the hogs on Monday. Pork trading was slow with moderate to good demand and mostly light offerings. Pork carcass cutout value was 1.44 higher at 81.99. The hog slaughter was relatively light at 403,000 head, 10,000 less than last week, but 11,000 greater than last year. Hog and pork fundamentals remain generally bearish.
Sign up for a 2 week Fortucast Trial |
|
Last Updated on Tuesday, 15 May 2012 05:41 |
|
FORTUCAST Agricultural Timer - Cattle |
|
|
|
|
Written by Barry Rosen at Fortucast
|
|
Tuesday, 15 May 2012 11:37 |
|
JUNE LIVE CATTLE (electronic OK)
(5/15): Live cattle closed higher on cash market support last week, higher boxed beef prices and early week positioning, Brownfield Ag News reported. The deferred months got some pressure from concerns about long term beef demand while overall fed cattle supplies continue to build. Monday’s kill totaled 127,000 head, 8,000 more than last week, but 3,000 smaller than a year ago. Boxed beef cutout values ended sharply higher on fairly good demand and moderate offerings. Choice beef was up 1.93 at 191.03, and select was 2.65 higher at 185.70.
Sign up for a 2 week Fortucast Trial |
|
Last Updated on Tuesday, 15 May 2012 05:38 |
|
|
FORTUCAST Agricultural Timer - Hogs |
|
|
|
|
Written by Barry Rosen at Fortucast
|
|
Monday, 14 May 2012 08:57 |
|
JUNE LEAN HOGS (electronic session ok)
(5/11): Lean hogs settled mostly higher as strong support developed through the summer contracts, Brownfield Ag News reported. The potential for renewed support from commercial and investment buyers into nearby contracts following the sharp pressure over the last couple of weeks helped to spur additional momentum through the complex, Brownfield Ag News reported.
|
|
Last Updated on Monday, 14 May 2012 02:58 |
|
Read more...
|
|
FORTUCAST Agricultural Timer - Hogs |
|
|
|
|
Written by Barry Rosen at Fortucast
|
|
Friday, 11 May 2012 09:57 |
|
JUNE LEAN HOGS (electronic session ok)
(5/10): Lean hogs settled lower, pressured by the cash hog market as well as the losses in the corn futures prices following the USDA report, Brownfield Ag News reported. Pork carcass cutout value ended sharply higher at 80.12 up 1.96. Pork trading was slow with light to moderate demand and offerings.
|
|
Last Updated on Friday, 11 May 2012 03:58 |
|
Read more...
|
|
FORTUCAST Agricultural Timer - Cattle |
|
|
|
|
Written by Barry Rosen at Fortucast
|
|
Friday, 11 May 2012 09:56 |
|
JUNE LIVE CATTLE (electronic OK)
(5/10): Live cattle closed lower following pressure in the boxed beef cutout values at midday, Brownfield Ag News reported. Most buyers stayed on the sidelines with most of the focus on the pressure in the corn market. Feeder cattle ended the session mostly higher with only the May contract in the red. Thursday’s cattle slaughter was estimated at 127,000 head, 1,000 more than last week, but 2,000 less than a year ago.
|
|
Last Updated on Friday, 11 May 2012 03:57 |
|
Read more...
|
|
Declining crude oil prices benefit beef market |
|
|
|
|
Written by CattleNetwork.com
|
|
Thursday, 10 May 2012 13:46 |
|
Gasoline and diesel fuel prices are expected to continue trending lower in the coming days as bearish attitudes hit crude oil markets. The price of oil tumbled Wednesday for the sixth consecutive day as the U.S. government reported crude supplies are the highest in 22 years.
Declining gasoline prices are a direct result of the weaker crude oil market, and will help ease the pinch on American consumers as seasonal demand for beef and other grilling meats increase.
|
|
Last Updated on Thursday, 10 May 2012 07:48 |
|
Read more...
|
|
Commodities 
commodities
