Cash butter holds steady on the CME

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Cash cheese barrels increased another 6 cents on the Chicago Mercantile Exchange on Monday while blocks declined 5.25 cents.  Butter and nonfat dry milk held steady and Class III futures declined. There has been a lot of speculation that the dairy markets will crash at some point especially given the continuous decline in the global… Read more »

Expected record crops put more pressure on corn, soybeans

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  Soybeans were lower on fund and commercial selling, hitting new contract lows. The big bearish factor for beans continues to be this year’s record expected crop. Demand’s strong, but not having much of an impact, and the trade’s also keeping an eye on early planting in South America. USDA reports 45% of soybeans are… Read more »

Pork values end higher but beef was lower

Bids and asking prices on the cattle are not well defined, although a few ready steers and heifers are starting out the week being priced around 161.00 in the South and 247.00 in the North. The new showlists appear to be mixed, higher in Texas, about steady in Nebraska and Kansas, but lower in Colorado…. Read more »

Closing Grain and Livestock Futures: September 22, 2014

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  Dec. corn closed at $3.30 and 1/4, down 1 and 1/4 cents Nov. soybeans closed at $9.38 and 1/4, down 18 and 3/4 cents Oct. soybean meal closed at $319.40, down $4.70 Oct. soybean oil closed at 32.00, down 46 points Dec. wheat closed at $4.76 and 3/4, up 2 and 1/4 cents Oct. live cattle closed at $155.50, down 12 cents Oct. lean hogs closed at $107.30, up $1.32… Read more »

Monday midday cash livestock prices

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The main item of business in feedlot country on Monday is the distribution of this week’s showlists. Bids and asking prices are not fully established. Significant business was delayed until Friday last week, and cattle buying was limited. Packers will no doubt be starting the week short-bought once again. Live southern deals were marked at… Read more »

A strong finish for a strong week

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Cash cheese barrels increased three-quarter cent on the Chicago Mercantile Exchange on Friday, blocks were 4 cents higher, nonfat dry milk added 2 cents and butter set yet another record-high price at $3.06 per pound. For the week, cash butter is up 6 cents, cheddar barrels are 9.5 cents higher and blocks gained a dime… Read more »

New contract lows in corn, soybeans, wheat

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Soybeans were lower on fund and commercial selling, hitting new contract lows. The big bearish factor for beans continues to be the expected record crop. Demand’s strong, China bought 1.236 million tons of 2014/15 U.S. beans, but that was likely part of the deal signed earlier in the week. Soybean meal and oil followed beans… Read more »

Cattle traded at lower prices on Friday

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USDA Mandatory reported cattle trading was light to moderate in Kansas on Friday afternoon on light to moderate demand. Compared to last week, live sales were 2.00 to 3.00 lower at 159.00. A few dressed sales in Nebraska traded 3.00 to 5.00 lower than last week at mostly 245.00.The weekly cattle slaughter was estimated at… Read more »

Closing Grain and Livestock Futures: September 19, 2014

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Dec. corn closed at $3.31 and 1/2, down 6 and 3/4 cents Nov. soybeans closed at $9.57, down 14 and 1/2 cents Oct. soybean meal closed at $324.10, down $4.70 Oct. soybean oil closed at 32.46, down 26 points Dec. wheat closed at $4.74 and 1/2, down 14 cents Oct. live cattle closed at $155.62, up 2 cents Oct. lean hogs closed at $105.97, up $3.00 Oct. crude oil… Read more »

Friday midday cash livestock markets

Cattle country is slow to start on Friday, with just a few bids at 154.00 to 155.00 live and 245.00 dressed being reported by private sources to DTN. The expectation is packer inquiry will improve over the next several hours, but significant trade may not happen until after release of the cattle on feed report… Read more »