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Futures

US Stock Futures and Treasury Yields: A Delicate Balance

2024-11-14

The US stock futures find themselves in a flat state just on the verge of the market opening. Simultaneously, Treasury yields are witnessing a slight decline across the yield curve. The market is engaged in a careful weighing of the strength of the post-election rally, which has indeed been remarkable but is not bound to move in a single direction indefinitely. This delicate equilibrium is being closely observed by market participants.

Navigating the Post-Election Market: Insights and Trends

Disney's Post-Earnings Surge

In the pre-market arena, Disney emerges as the big winner. Shares of Disney are up by a significant 9.3% following its earnings announcement. The streaming business of Disney has performed better than anticipated, and the company has also provided upbeat guidance. This has instilled confidence among investors and led to a notable increase in the stock price. The success of the streaming business is a key factor driving Disney's upward trajectory. It showcases the company's ability to adapt to the changing media landscape and capitalize on the growing demand for digital content.

Tesla's Pre-Market Performance

Today, we will once again be keeping a close eye on shares of Tesla. As of now, they are down 1% in the pre-market. Last Friday, when the shares reached their peak, call option volumes accounted for 41% of the total US stock options traded. This phenomenon initially appeared to be a sign of a potential squeeze, but over the past two days, this trend has been slowly fading. The volatility in Tesla's stock price continues to attract the attention of investors, and any movement in the pre-market is closely monitored.

Chipmakers' Struggles and Encouragement

Chipmakers have been facing challenges in the market. However, Sam Altman's tweet today has brought a glimmer of hope. This tweet has had a positive impact on the sentiment surrounding chipmakers, indicating that there may be some underlying factors at play that could potentially turn the situation around. The chip industry plays a crucial role in the global economy, and any developments in this sector are closely watched. The tweet serves as a reminder of the importance of staying attuned to market dynamics and the potential for unexpected turns.

Market trends in the livestock sector are closely watched as cattle and hog futures take a dip. This article delves into the details of the day's trading activities and their implications.

Uncover the Shifts in Cash Livestock Markets

Cattle Futures at the Chicago Mercantile Exchange

Live and feeder cattle futures at the Chicago Mercantile Exchange showed a mixed picture. Cash business was lower, with sharp declines in wholesale transactions. A light round of direct cash cattle business took place on Thursday. In the South, live deals were at $185, $2 lower than the previous week's weighted averages. There were also some deals in Nebraska reported at the same price. Expect more business before the end of Friday. Boxed beef closed lower due to light demand for heavy offerings. Choice was $3.14 lower at $303.80 and Select closed $2 lower at $276.66, with a Choice/Select spread of $27.14.

At the Mobridge Livestock Exchange, steers in different weight ranges had varying trends. Steers 400 to 499 pounds were $10 lower, 500 to 549 pounds were mostly steady, and 550 to 599 pounds were $5 to $8 lower. Heifers also saw declines, with 450 to 499 pounds down $4 to $6 and 550 to 599 pounds down $8 to $10. The USDA reported good to very good demand for calves, but quality varied from plain to attractive. Receipts were down on a weekly and yearly basis. Feeder supply consisted of 70% steers and only 12% over 600 pounds. Medium and Large 1 feeder steers 501 to 531 pounds brought $320 to $346, and feeder steers 554 to 594 pounds brought $303 to $321. Medium and Large 1 feeder heifers 452 to 496 pounds brought $300 to $322.50, and feeder heifers 553 to 592 pounds brought $270 to $287.

Hog Futures and Cash Markets

Lean hog futures ended the day lower, pressured by sharply lower wholesale and cash business. Cash hogs closed lower with a fairly light negotiated run. Demand for U.S. pork on the global market has been relatively strong, providing significant price support. However, the industry is closely monitoring the availability of market-ready hogs as supplies are tighter than expected. Domestic demand has been inconsistent. Hog weights have declined from year-ago levels. Barrows and gilts at the National Daily Direct closed $2.80 lower with a base range of $77 to $89 and a weighted average of $86.14. The Iowa/Minnesota closed $1.91 lower with a weighted average of $87.05, and the Western Corn Belt closed $2.16 lower with a weighted average of $86.80. Prices at the Eastern Corn Belt were not reported due to confidentiality. Butcher hog prices at the Midwest cash markets remained steady at $60. Pork values closed sharply lower, down $3.19 at $94.07. Bellies dropped more than $20, and ribs, hams, and butts were all lower. Loins were firm and picnics were sharply higher.

Inter Milan have made a significant decision regarding two of their key strikers. Marko Arnautovic and Joaquin Correa will not be retained beyond the current campaign. The club is now focused on strengthening their attack by adding one or two new players next season. According to La Gazzetta dello Sport via FcInterNews, it seems that the writing is on the wall for these Austrian and Argentine strikers.

Challenges in the Attacking Department

This season, Inter Milan's attacking department has faced some difficulties. Marcus Thuram has been leading the scoring charts, but Lautaro Martinez has not been able to replicate his remarkable numbers from last season. The club had high hopes for new signing Mehdi Taremi after an impressive pre-season, but he has only contributed with a goal and three assists in all competitions. Arnautovic and Correa have been at the bottom of the pecking order and the Italian champions were unable to offload them in the summer. However, their contracts will expire at the end of the season, making their departures seemingly inevitable.

Marko Arnautovic's Performance

In the Champions League this season, Arnautovic has earned 125 minutes and made two starts. He managed to score a goal in the 4-0 routing against Red Star Belgrade, which remains his only goal in the current campaign. However, he also missed a penalty kick against Young Boys when the score was still 0-0. His performance in the Champions League has been a mixed bag, with moments of brilliance but also some crucial misses.

Joaquin Correa's Loan Spell and Return

Joaquin Correa returned from a disappointing loan spell at Olympique Marseille. His stocks were at an all-time low last summer when Inter were trying to offload him. This season, he made three appearances in Serie A, all coming off the bench. His limited playing time suggests that he has not been able to establish himself in the team and his future at Inter Milan remains uncertain.Inter Milan's decision to part ways with Marko Arnautovic and Joaquin Correa is a significant one for the club. It shows their determination to strengthen their attack and build a more competitive team for the future. While these two strikers have had their moments at Inter Milan, it seems that their time at the club is coming to an end. The club will now look to bring in new talent to fill the void left by their departures.