After a wild week of massive price moves, cattle finished Friday sharply higher. December live cattle futures neared $1.28 per pound this week, the highest level since mid-June. Prices are surging as investors flood into…
Investors Stampede into Cattle Market
Investment funds have been piling into the cattle market, which is driving futures into new highs. This move comes despite recent news from the USDA that cattle herds are swelling, which could lead to a…
Premium Pork Prices
Hog futures reached an eight-week high on Friday at 64.75 cents per pound. Prices are rallying as meatpacker demand is climbing after the recent addition of new slaughterhouses. This short-term demand for hogs will ultimately…
Beans Bounce on Firm Demand
Soybean prices finally found their footing, reaching $10.00 per bushel on Friday for the first time since late July. Farmers rejoiced as the USDA projected increasing demand for U.S. soybeans over the past few months,…