Weekly Cattle Commentary 7/28/2017 This week’s cash prices finished at 117, 3$ lower than last week’s trades. Dressed sales 185 to 187$. Basis was 4$ over the August Live board. Estimated weekly slaughter was 627K head, 47K larger than the same week last year. Box prices in the PM report where 206.22 choice, and 196.82… Read more.
Weekly Cattle Commentary 7/21/2017 This week’s cash prices ranged finished quite strong with the bulk of them at 120 and 120.50 reported out of Colorado, fully steady with last week’s trades. Dressed sales 186 to 190$. Basis was 3$ over the August Live board. The reports came out post COF, but I cannot confirm if… Read more.
Here is an abbreviated version of the weekly pork report. The full report will be back next week. Below is how the weekly product market changed for the week ending 7/21. *Product Price on Monday 7/17 Price as of Friday 7/21 Change Loin 95.88 92.69 (3.19) Butt 103.44 … Read more.
We will offer an analysis of the June Hog and Pig crop report that came out this past Thursday and what we believe it means to live hog futures going forward. First, let’s look at what happened with the live hog and product market this past week. Here is a summary of Pork Carcass cutout… Read more.
Weekly Cattle Commentary 6/23/2017 The bulk of the week’s cash prices ranged between 122 and 123$, with the end of the week dropping to 120$. Dressed sales 190 to 195$. Basis by Friday was 1$ over the June Live board. Estimated weekly slaughter was 632K head, 24K larger than the same week last year. Box… Read more.
This week we will touch briefly on what happened in the pork product market, the live hog market and how this will likely play out this week.
After this past week we think it has become evident that the price of the live hog futures are having a very difficult time in keeping up with the ever increasing product market as well as with the live hog market.
For the EMini S&P futures today, a combination of patterns told traders to anticipate an early session rally above the previous session high. We would look for this rally to fail, and then get short when the market started moving lower.
The weekly EIA petroleum inventory report is normally released on Wednesday mornings; it often gives trade opportunities regardless of what the market is doing ahead of the release.
Treasury Bond futures had a breakout rally on Friday. By the Taylor Trading Technique this meant a Sell Short day for Monday. As the rally had pushed to a Fibonacci retracement resistance level, bonds were a market to watch today.