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FORTUCAST Agricultural Timer - Cattle |
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Written by Barry Rosen at Fortucast
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Wednesday, 16 May 2012 11:45 |
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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.
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Last Updated on Wednesday, 16 May 2012 05:46 |
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Both June Cattle And June Hogs Look Poised to Test Key Resistance Today |
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Written by Dennis Smith
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Wednesday, 16 May 2012 09:56 |
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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.
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Last Updated on Wednesday, 16 May 2012 04:02 |
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FORTUCAST Agricultural Timer - Cattle |
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Written by Barry Rosen at Fortucast
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Tuesday, 15 May 2012 11:37 |
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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.
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Last Updated on Tuesday, 15 May 2012 05:38 |
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FORTUCAST Agricultural Timer - Cattle |
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Written by Barry Rosen at Fortucast
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Friday, 11 May 2012 09:56 |
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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.
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Last Updated on Friday, 11 May 2012 03:57 |
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Declining crude oil prices benefit beef market |
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Written by CattleNetwork.com
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Thursday, 10 May 2012 13:46 |
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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.
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Last Updated on Thursday, 10 May 2012 07:48 |
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FORTUCAST Agricultural Timer - Cattle |
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Written by Barry Rosen at Fortucast
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Wednesday, 09 May 2012 11:11 |
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JUNE LIVE CATTLE (electronic OK)
(5/8): Live cattle settled lower on the sharp losses through the stock markets as the uncertain political situation in Greece kept investors on edge, as well as pressure in most other commodity markets, Brownfield Ag News reported. Profit taking was also a factor and traders are also concerned about the direction of this week’s cash cattle trade. Feeders also closed lower on spillover from the live issues and higher corn prices.
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Last Updated on Wednesday, 09 May 2012 05:13 |
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FORTUCAST Agricultural Timer - Cattle |
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Written by Barry Rosen at Fortucast
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Tuesday, 08 May 2012 14:20 |
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JUNE LIVE CATTLE (electronic OK)
(5/7): Live cattle settled mostly higher after trading lower much of the session, Brownfield Ag News reported. The widespread outside market losses combined with the pressure in the wholesale meat markets weighed on futures, and limited noncommercial buyer interest. Markets rebounded as last week’s cash prices helped live cattle to overcome the early losses. Feeders closed higher on the easing of corn and soybean prices.
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Last Updated on Tuesday, 08 May 2012 08:21 |
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FORTUCAST Agricultural Timer - Cattle |
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Written by Barry Rosen at Fortucast
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Thursday, 03 May 2012 11:15 |
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JUNE LIVE CATTLE (electronic OK)
(5/2): Live cattle closed mixed after early support eroded, Brownfield Ag News reported. The early stability of the grain market quickly lost ground as corn futures posted double digit losses in the nearby contracts. Erosion in the corn pressured the cattle market despite the lower production costs associated with the reduced corn market prices. Feeder cattle finished the session no better than mixed, although there was little activity in the market traders tried to balance the pressure in corn prices with the lower live cattle futures.
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Last Updated on Thursday, 03 May 2012 05:16 |
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FORTUCAST Agricultural Timer - Cattle |
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Written by Barry Rosen at Fortucast
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Wednesday, 02 May 2012 09:31 |
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JUNE LIVE CATTLE (electronic OK)
(5/1): Live cattle contracts settled mostly higher with only the June contract in the red, Brownfield Ag News reported. The market started out with an aggressive boost higher. The lack of follow through support seen in the complex did not give confidence that commercial investment buyers would soon step into the market. Some support came from short covering and lower corn prices.
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Last Updated on Wednesday, 02 May 2012 03:32 |
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Commodities 
commodities
