Corn futures spreads: Neutral-Bearish September-December closed July covering a bearish 76% as compared to the end of June 64% continuing the trend of higher percent covered meaning supplies continue to [...]

Live Cattle futures spreads: Bullish The August-October closed July at $4.50 as compared to the end of June settlement of $5.775 with the previous 5-year high weekly close for the [...]

The Law of Supply and Demand: Market Price is the point where the quantity demanded equals quantities available creating a market equilibrium. If we consider the three variables in the [...]

Live Cattle futures spreads: Bullish The June-August closed May at $9.20 as compared to the end of April settlement at $5.325 with the previous 5-year high weekly close for the [...]

Looking back at February, I question the accuracy of this key fundamental read. We saw extraordinary noncommercial buying over the course of the month, some of it generated by not [...]

Live Cattle futures spreads: Neutral-Bullish The April-June closed February at $3.075 as compared to the end of January settlement at $5.075 with the previous 5-year average weekly close for the [...]

The Law of Supply and Demand: Market Price is the point where the quantity demanded equals quantities available creating a market equilibrium. If we consider the three variables in the [...]

Live Cattle futures spreads: Neutral The February-April closed January at (-$0.95) as compared to the end of December settlement at (-$.60) and the previous 5-year high weekly close for the [...]

The Law of Supply and Demand: Market Price is the point where the quantity demanded equals quantities available creating a market equilibrium. If we consider the three variables in the [...]

Live Cattle futures spreads: Neutral-to-Bullish The February-April closed December at (-$0.60) as compared to the end of November settlement at (-$1.70) and the previous 5-year high weekly close for the [...]

The Law of Supply and Demand: Market Price is the point where the quantity demanded equals quantities available creating a market equilibrium. If we consider the three variables in the [...]

Live Cattle futures spreads: Neutral-to-Bullish The December-February closed November at (-$2.275) as compared to the end of October settlement at $2.00 and the previous 5-year high weekly close for the [...]

The Law of Supply and Demand: Market Price is the point where the quantity demanded equals quantities available creating a market equilibrium. If we consider the three variables in the [...]

Live Cattle futures spreads: Bullish The December-February closed October at $2.00 as compared to the end of September settlement at (-$2.40) and the previous 5-year high weekly close for the [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: Neutral-to-Bullish The October-December closed at (-$2.925) as compared to the end of August settlement at (-$1.125) and the previous 5-year high weekly close for the last [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: Bullish The October-December closed at (-$1.125) as compared to the end of July settlement at (-$0.775) and the previous 5-year high weekly close for the last [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: Bullish The August-October closed at $4.625 as compared to the end of June settlement at $3.70 and the previous 5-year high weekly close for last week [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: Bullish The August-October closed at $3.70 as compared to the end of May's settlement at $1.95 and the previous 5-year high weekly close for the last [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: Bullish The June-August closed at $6.125 as compared to the end of last month's settlement at $4.35 and the previous 5-year high weekly close for the [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]