Yarta

🐖🐄 Daily US Livestock Market Wrap 21st Mar'24 - CME June lean hog futures closed lower at 100.625 cents per pound after reaching a high of 103.475 cents. - Front-month April hog futures settled at 85.300 cents per pound, dropping 0.525 cent. - Pork carcass cutout prices declined to $92.18 per hundredweight, down $1.19 from the previous day. - Estimated profit margins for pork processors decreased to $13.40 per hog from $16.20 the previous day and $20.55 a week ago. - Analysts anticipated an increase in placements into U.S. feedlots in February by 6.4% from the same month a year ago.

🌎 Daily Global Grains Market Wrap 21st Mar'24 - CBOT wheat and corn futures declined due to ample supplies from the Black Sea and South America, along with a strong dollar, while soybean futures rose on short position unwinding and fresh U.S. export sales. - Commodity funds held significant net short positions in soybean, corn, and wheat futures, setting the stage for potential short-covering. - Heavy rains in Argentina threatened soy and corn crops, potentially impacting production, with floods jeopardizing estimated harvests. - Egypt's GASC purchased 110,000 metric tons of wheat from Bulgaria and Romania, reflecting limited U.S. competitiveness influenced by Chinese import shifts. - U.S. spot basis bids for corn and soybean basis values fluctuated across locations, while weekly corn-based ethanol production rose, and stockpiles increased.

📈 📉 Daily Yarta Fear and Greed Indices 21st Mar’24

🐖🐄 Daily US Livestock Market Wrap 20th Mar'24 - Live cattle futures remained stable, with April experiencing a narrow $1 range, while December settled with a 2-cent gain. - USDA reported cash cattle trades last week ranging from $185 to $190, with Friday's sales between $186 and $188 in various regions. - Feeder cattle sales at the OKC auction totaled 6.4k head, with prices $2 to $3 higher compared to the previous week. - The CME Feeder Cattle Index strengthened by 16 cents on March 18, reaching $251.02, now commanding a premium over futures. - June hog futures closed weaker but above their 18-week moving average, while USDA reported a rise in National Average Base Hog price to $80.78 and an increase in the CME Lean Hog Index to $82.54.

🌎 Daily Global Grains Market Wrap 20th Mar'24 - CBOT soybean futures declined due to technical trading influenced by Brazil's harvest and slow Chinese demand, settling at $11.85-1/2 per bushel. - Brazil's soybean harvest progressed to 63% of the planted area, offering cheaper soybeans globally. - Algeria likely purchased 100,000 to 150,000 metric tons of durum wheat, with no disclosed prices, anticipating lower prices due to Mexico's new durum crop and Turkey's upcoming export tender. - CBOT wheat futures strengthened by 1.8% due to concerns over the Russia-Ukraine conflict, with spot basis bids for HRW wheat remaining stable in the U.S. Plains. - CBOT corn futures rose 3-1/2 cents to $4.39-1/2 per bushel, supported by increased wheat prices and concerns over unfavorable weather in the U.S. Corn Belt, with commodity funds holding a significant net short position.

📈 📉 Daily Yarta Fear and Greed Indices 20th Mar’24

🐖🐄 Daily US Livestock Market Wrap 19th Mar'24 - Cattle futures market experienced gains, with nearby contracts rising between $1.32 and $1.80, while feeder cattle surged by $1.92 to $3.12. - USDA reported cash trades ranging from $185 to $190, with bulk trades on Friday reflecting prices of $186 in the South and $187-$188 in the North. - Feeder cattle sales at the OKC auction totaled 6.3k head, with 44% steers and 75% weighing less than 600 lbs. - CME Feeder Cattle Index on March 15 was $250.86, up $1.86, while USDA's Boxed Beef prices showed Choice at $313.33 (up $1.43) and Select at $303.05 (up 65 cents). - Hog prices showed mixed trends, with front-month prices mostly higher except for April, which dropped by 10 cents, while USDA’s National Average Base Hog price weakened by 28 cents to $79.66.

🌎 Daily Global Grains Market Wrap 19th Mar'24 - ICE canola futures increased due to technical buying and higher European rapeseed prices, with May contract showing momentum above moving averages. - May canola (RSK4) rose $1.10 to settle at $631.70 per metric ton, while May-July canola spread traded actively. - Euronext May rapeseed futures (COMK4) surged due to a 6.9% decrease in Germany's winter rapeseed crop compared to last year. - Chicago Board of Trade wheat futures surged by 2.7% following Russian attacks on Ukrainian ports, impacting Black Sea grain supplies. - Despite progress in Brazilian harvest, CBOT soybean futures declined, while traders look forward to USDA reports on planting intentions and quarterly stocks.

📈 📉 Daily Yarta Fear and Greed Indices 19th Mar’24

🐖🐄 Daily US Livestock Market Wrap 18th Mar'24 - CME lean hog futures rallied, with April hogs surging to 86.925 cents/pound, while June futures approached their life-of-contract high. - Rising cash hog prices and pork values broke technical barriers in hog futures. - CME live cattle futures rebounded from a previous selloff, supported by a firmer cash cattle market. - Beef prices continued to rise, with choice cuts reaching $311.90/cwt, marking the highest since early September. - Despite a net weekly loss, feeder cattle futures gained, with the CME Feeder Cattle Index reaching $249, and cattle spec traders reducing short exposure.

🌎 Daily Global Grains Market Wrap 18th Mar'24 - CBOT May soybeans settled up 3 cents at $11.98-1/4 per bushel, with a 1.2% weekly increase, encountering technical resistance at $12. - CBOT May soymeal ended down $2.70 at $334.70 per short ton, while May soyoil ended up 1.03 cents at 49.42 cents per pound. - U.S. soybean crush reached its highest-ever level for February, as per NOPA data, amidst concerns about Chinese demand and ample South American production impacting market sentiment. - Corn futures edged up due to short covering, with robust weekly U.S. corn export sales for 2023/24 and private sales of 125,000 metric tons of U.S. corn for the same period. - Speculators reduced short positions in Chicago corn and soybeans, with CBOT soybean futures jumping 4% during the week and corn futures rising 3.6%.

📈 📉 Daily Yarta Fear and Greed Indices 18th Mar’24

🐖🐄 Daily US Livestock Market Wrap 15th Mar'24 - Chicago Mercantile Exchange (CME) live cattle futures dipped from five-month highs, with April futures closing at 186.950 cents per pound, down 2.975 cents. - Cash cattle market in the U.S. Plains remained firm, with asking prices at feedlots $2 per cwt higher than sales last week. - Wholesale beef prices rose, with choice boxed beef cutout reaching $310.78 per cwt, the highest in six months. - Feeder cattle futures declined, with April futures ending down 4.675 cents at 251.175 cents per pound. - Lean hog futures mostly closed lower, with April hogs gaining 15c but still at a $16.40 discount to June.

🌎 Daily Global Grains Market Wrap 15th Mar'24 - Benchmark corn futures on CBOT fell to $4.33-3/4 per bushel, down 7-1/2 cents, influenced by decreasing wheat prices. - Despite strong export sales of U.S. corn at 1,283,400 metric tons, corn prices followed wheat futures downward. - Hot, dry weather in Brazil affected the Safrinha corn crop, while heavy global supplies kept prices anchored. - CBOT May soybeans settled down 1-1/2 cents at $11.95-1/4 per bushel, with weak U.S. export sales and concerns about Chinese demand. - Argentine soybean plantings increased to 77%, with an estimated harvest of 52.5 million metric tons, while maize leafhoppers caused damage to the corn crop.

📈 📉 Daily Yarta Fear and Greed Indices 15th Mar’24

🐖🐄 Daily US Livestock Market Wrap 14th Mar'24 - CME cattle futures surged on optimism for cash market gains. - Lean hog futures fell due to profit-taking and low cash pork prices. - April lean hogs settled at 84.875 cents per pound, while June hogs settled at 101.725 cents per pound. - Cash cattle market slow with one trade in Texas at $183 per cwt, $2 lower than last week, with initial offerings expected at $186 per cwt or higher. - Beef packers reduced cattle slaughter, with Wednesday's slaughter down 4.8% from last week.

🌎 Daily Global Grains Market Wrap 14th Mar'24 - CBOT soybean futures rose initially due to technical trading and anticipation of USDA's export sales report, settling at $11.96-3/4 per bushel. - Conab lowered Brazil's soybean harvest estimate, supporting soybean futures, while heavy rain in Argentina might affect harvesting. - CBOT wheat futures decreased due to ample global supply, with FranceAgriMer forecasting high French soft wheat stocks. - CBOT corn futures decreased amid profit-taking and assessment of U.S. spring planting, with USDA forecasting a decline in corn plantings. - Discrepancies in Brazilian soybean and corn crop estimates between USDA and Conab widened, fueled by poor weather conditions raising concerns.

📈 📉 Daily Yarta Fear and Greed Indices 14th Mar’24

🐖🐄 Daily US Livestock Market Wrap 13th Mar'24 - Chicago Mercantile Exchange cattle futures rose on technical trading, weak corn futures, and strong beef pricing. - USDA reported choice boxed beef cutout at $310.59 per hundredweight, up $1.71 from Monday. - April live cattle settled above June live cattle, with steady to higher cash cattle prices expected. - Prices expected to rise as summer grilling season and Mother's Day demand approach. - USDA estimated FI hog slaughter at 491k head, slightly lower than last week and last year, with hog futures and pork cutout prices up.

🌎 Daily Global Grains Market Wrap 13th Mar'24 - Chicago wheat and soybean futures surged due to Brazilian weather issues and fund activity, while corn futures fluctuated amid concerns about Brazil's Safrinha crop. - Brazilian Conab slashed its corn crop estimate, impacting futures negatively. - ICE canola futures rose on Chinese export sales and a forecast of large Canadian stocks. - Euronext rapeseed futures climbed due to lower Canadian planting and reduced Brazilian soybean crop estimates. - CBOT soybean futures rallied on short-covering, despite Conab lowering Brazil's soybean harvest estimate. A pegged Brazil's crop at 155 million tons.