Next trick is sniffing out the missing 10mm socket 😂

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In this session, you'll learn:

✔ Where crop insurance is headed

✔ Why more producers are stacking coverage

✔ How MPCI, ECO and SCO work together in real scenarios

✔ What policy options can strengthen your protection

✔ Planning considerations and reminders to keep top of mind

Will we break out next week? Or was hitting the top of this trading range the end of the February rally? Cash might support a breakout, if we continue the cash rally. The packers really fought hard to avoid cash above $240 this week, but some couldn't fight it and were forced to buy in a range from $242 to $245. Next week's cash might be contingent on futures action and boxes, and the futures' action and boxes might lead the cash. It's incredible how strong we've stayed, with all the credit going to the feedyards that stuck to their guns.

Hogs and grains had a rough close for the week, while equities and metals finished stronger than most would've expected yesterday. I'm led to believe the volatility in most markets is being driven by the uncertainty in equities. If equities boom into new highs, cattle could easily follow and grains erase some of their gains. If equities struggle, grains and hogs might push higher while cattle experience a correction. Maybe none of it happens and markets continue to chop everyone up going into spring. For every winner there's a loser, and longs and shorts have experienced both winning and losing this week in nearly every market. Options are pricey for a reason. Doesn't mean they're not worth looking at. This market has a habit of inflicting pain shortly after you think you figure it out. Don't let it beat you up to the point you throw in the towel. Manage your risk, in both directions. Have a great weekend and eat a steak and a few pork chops.

-Fat cattle kill at 85,000 vs 90,000 a week ago and 101,000 a year ago

-Choice boxes up 2.08 to $369.33 and select up 4.16 to $364.53 for a spread of 4.80 on 60 loads

-CME feeder index(Feeder LRP Settlement) for 2/5 came in at $374.47

-Fed Cattle LRP’s ending last week settled at $239.44

-Hog kill at 490,000 vs 474,000 a week ago and 479,000 a year ago.

-Afternoon Pork reported down 1.50 at $93.77 on 205 loads

-CME lean hog index on 2/4 reported at 86.38

-CME pork cutout index on 2/5 reported at 95.11

-LRP’s ending 2/6 settled at approximately $85.57

Most grain areas may see 0.25”-1” liquid. 1”-3” is possible across the ECB, TN valley to eastern WCB. Dakotas to west TX will see 0.10”-0.50” with a chance to see 0.25”-1” in some locations along & north of I-70.

Pour yourself a cup of Monday motivation and start this week off great!