Cattle Markets Crash and recover in front of the Cattle on Feed report

Spread Opportunity Perhaps

In my opinion, the cattle market is believed moving into equilibrium.  Rationing has caused significant shifts in domestic production and processing.

Corn futures are trading with 1 to 2 cent losses in most contracts on Friday. The CmdtyView national average Cash Corn price is down 1 cent at $4.10 1/4. Crude oil is falling $11.27 on the day following Iran agreeing to open the Strait of Hormuz this morning. Export Sales...

The wheat complex is trading with losses across most contracts so far on the Thursday session. Chicago SRW futures are down 9 to 10 cents in most contracts. KC HRW futures are down 5 to 6 cents at midday. MPLS spring wheat is steady to a penny lower. Crude oil...

Soybeans are mixed on Friday, within a penny of unchanged on Friday. The cmdtyView national average Cash Bean price is up 1 cent at $10.99. Soymeal futures are $1.50 to 1.70 on the day, with Soy Oil futures down 120 to 130 points. The latter is pressured with crude oil...

July soft red wheat futures present a buying opportunity on more price strength.

Soybeans are trading with contracts down 4 to 6 cents on Friday morning. closed the Thursday session with contracts down ¾ to 3 ¼ cents in the front months, with deferred new crop contracts fractionally to 2 cents higher. Open interest was up just 2,816 contracts on Thursday. The cmdtyView...

Wheat is showing mixed action to start Friday trade, with winter wheats weaker. The wheat complex is trading with gains across most contracts so far on the Thursday session. Chicago SRW futures were steady to 4 ¾ cents higher in most contracts. KC HRW futures led the bull’s charge, up...

Corn price action is trading with contracts fractionally lower to a penny plus higher on Friday morning. Futures were busy reverting from the Wednesday gains on Thursday, with contracts down fractionally in the new crop contracts to 2 3/4 cents in the nearbys at the close. Open interest was up...

As I've said before, the job of analyzing markets has grown much easier given the repetitive cycle of market drivers.

We look at Hard Red Spring Wheat.