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The Hightower Report said, “The hog market finished weak yesterday and trading volume was strong for the second day in a row as the Goldman roll continues. October open interest dropped 11,000 contracts and overall open interest was down 5100. This is an indication that managed money shorts continue to cover. Cash hogs nationally were up $0.90 but the lean hog index was lower. Weekly pork export sales will be delayed until tomorrow morning.”
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The Hightower Report said, “The cattle complex closed modestly weaker yesterday and October live cattle closed in the lower quarter of the day…
In weighted average negotiated prices for barrows and gilts, the USDA reported:
Austin Schroeder at Barchart.com said, “Lean hog futures gave back the Tuesday gains, as futures posted wobble Wednesday losses of 35 cents to…
Coming off of the Labor Day holiday, lean hog futures traded with gains of $1.67 to 2.30 at midday. USDA’s national base hog price was not rep…
“The cattle market started strong this morning but gave up the gains and ended slightly lower on the day. The inability to hold the rally was …
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