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Kentucky Farm Bureau's April 18, 2019 market close shows April live cattle up $160 and feeder cattle up $37 with cash fed prices firm, while lean hogs rose on a stronger pork cutout and China-led export sales. The Cattle on Feed report showed April 1 on-feed inventory as the largest since estimates began in 1996, and soybeans and corn finished mostly unchanged.
Firm cash fed cattle and strong pork demand support livestock prices, while the record April on-feed inventory is a bearish factor for later cattle futures.
kyfb.comApr 18, 2019After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.
After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
The April 18 market close shows feeder cattle futures up with firm cash prices, consistent with the upward move.
