Butter gains 1.5 cents

Futures Markets copy

After falling 80.5 cents last week, cash butter gained a penny-and-a-half on the Chicago Mercantile Exchange on Monday.  There were a dozen sales and buyers jumped-in to take advantage of what might be the lowest price.  One unfilled bid set the market at $2.015.  Cash cheese increased 3.75 cents on both the barrels and the… Read more »

Corn sees late bounce

Futures Markets copy

  Soybeans were lower on fund and technical selling. Weather forecasts this week look conducive for harvest activity and producers should make solid progress. Still, there are some delays in key growing areas and beans are a good value at current price levels, helping contract close near the session highs. USDA reports 95% of U.S…. Read more »

Cattle futures start the week with a bang

Futures Markets copy

The distribution of this week’s cattle showlists is complete and the offering appears to be somewhat smaller than last week. A few early estimates are that ready steers and heifers will be priced around 166.00 to 167.00 in the South and 260.00 plus in the North. The kill totaled 114,000 head, the same as a… Read more »

Closing Grain and Livestock Futures: October 20, 2014

Futures Markets copy

  Dec. corn closed at $3.48 and 1/4, up 1/4 cent Nov. soybeans closed at $9.44 and 1/4, down 7 and 1/2 cents Dec. soybean meal closed at $329.40, down $1.10 Dec. soybean oil closed at 31.70, down 32 points Dec. wheat closed at $5.13 and 1/2, down 2 and 1/2 cents Oct. live cattle closed at $167.90, down $2.85 Dec. lean hogs closed at $89.15, down $1.42 Nov. crude oil closed… Read more »

Monday midday cash livestock markets

Futures Markets copy

Cattle country is quiet on Monday with bids and asking prices not fully established as packers and producers are busy taking inventory. An active trade took place on Wednesday of last week with both live and dressed prices generally steady with the previous week at 164.00 live and 256.00 to 258.00 dressed. Significant trade volume… Read more »

Bad week for butter

Futures Markets copy

At the close of trading on the Chicago Mercantile Exchange on Friday, cash cheese barrels declined 2 cents, blocks increased 3.75 cents and butter dropped another 13 cents.  Class III futures were slightly lower. For the week: cash cheese barrels declined 3 cents, blocks increased 9 cents, butter dropped 80.5 cents and nonfat dry milk… Read more »

Soybeans, corn down on new weather outlooks

Futures Markets copy

  Soybeans were lower on fund and speculative selling. Forecasts around most of the region for the next couple of weeks generally look better for harvest activity. Demand remains strong, with another bullish week for the export numbers. Soybean meal and oil were lower on the general tone in grains and oilseeds. Corn was lower… Read more »

Pork carcass values take a hit

Futures Markets copy

The cash cattle market was quiet on Friday with trade completed earlier in the week. Cattle prices on Wednesday were steady to firm with the previous week with live sales in the South at 164.00 Northern business saw the dressed basis 256.00 to 258.00. Total cash trade was around 98,000 head in the major feeding… Read more »

Closing Grain and Livestock Futures: October 17, 2014

Futures Markets copy

  Dec. corn closed at $3.48, d0wn 4 and 1/4 cents Nov. soybeans closed at $9.51 and 3/4, down 14 and 3/4 cents Dec. soybean meal closed at $330.50, down $4.10 Dec. soybean oil closed at 32.02, down 34 points Dec. wheat closed at $5.16, down 1 cent Oct. live cattle closed at $165.05, down 20 cents Dec. lean hogs closed at $90.57, up 25 cents Nov. crude oil closed at… Read more »

Friday midday cash livestock markets

Futures Markets copy

Cattle country is quiet on Friday with business completed for the week, following an active trade on Wednesday. Southern live trade was at 164.00, while Northern dressed trade ranged from 256.00 to 258.00. The ability to hold steady cash cattle trade through the middle of October at current price levels is impressive. This is giving… Read more »