Closing Grain and Livestock Futures: June 24, 2016

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Jul. corn closed at $3.84 and 1/2, down 2 and 3/4 cents Jul. soybeans closed at $11.03, down 21 and 1/2 cents Jul. soybean meal closed at $375.60, down $7.60 Jul. soybean oil closed at 30.99, down 76 points Jul. wheat closed at $4.54 and 3/4, up 1/2 cent Jun. live cattle closed at $114.70, down $2.05 Jul. lean hogs closed at $84.05, down 22 cents Jul. crude… Read more »

Packer inquiry on cattle light

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The June 1 cattle on feed report appears to be neutral, fitting almost perfectly with pre-report estimates. On feed numbers up 2%, placements in May 10% more, and May marketing’s up 5%. Packer inquiry into the cattle remained very light on Friday afternoon with just a few scattered sales reported in parts of the North… Read more »

Soybeans, grains fall after U.K. exit vote

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Friday’s soybean and grain prices fell as a result of the decision of U.K. voters to leave the European Union.  Soybeans closed lower Friday also because of expected growth in the soybean planting estimate from USDA next Thursday.  It also hinged on the outlook for favorable summer weather. Soybean demand is still supportive with another… Read more »

Midday cash livestock markets

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Cattle country is quiet, with a few scattered bids at 116.00 live and 186.00 to 188.00 dressed, following a light to moderate trade on Wednesday and Thursday. There are reports the Southern trade may be essentially complete for the week unless higher bids surface today. Asking prices on cattle left on the showlists are around… Read more »

Closing Grain and Livestock Futures: June 23, 2016

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Jul. corn closed at $3.87 and 1/4, down 5 and 3/4 cents Jul. soybeans closed at $11.24 and 1/2, down 13 cents Jul. soybean meal closed at $383.20, down $7.80 Jul. soybean oil closed at 31.75, up 20 points Jul. wheat closed at $4.54 and 1/4, down 4 and 1/2 cents Jun. live cattle closed at $116.75, up $1.40 Jul. lean hogs closed at $84.27, down 20 cents… Read more »

Weather, demand driving soybean, grain prices

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Soybeans were lower Thursday, pressured by rain in parts of the Midwest the past five days, easing drought concerns for now.  DTN says some of the areas showing either abnormally dry, or in moderate drought on the U.S. Drought Monitor map were helped by Wednesday’s storms, but other areas had wind damage to crops.  The… Read more »

Triple digit gains in cattle futures

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A few scattered cattle sales were reported in the North by DTN at 190.00, mostly $4.00 higher than Wednesday’s trade, but 5.00 lower than a week ago. The South remained quiet on Thursday without even a bid evident. Asking prices are around 118.00 to 120.00 in the South and 192.00 in the North. The cattle… Read more »

Midday cash livestock markets

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Action in cattle country is slow to start on Thursday following a light to moderate trade Wednesday, with Southern live deals at mostly 115.00, fully steady with Tuesday’s limited trade, but generally $4.00 to 5.00 lower than last week. Northern dressed trade ranged from 184.00 to 186.00. $9.00 to 11.00 lower than last week’s weighted… Read more »

Closing Grain and Livestock Futures: June 22, 2016

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Jul. corn closed at $3.93, down 3 and 1/4 cents Jul. soybeans closed at $11.37 and 1/2, up 4 and 1/4 cents Jul. soybean meal closed at $391.00, down $2.30 Jul. soybean oil closed at 31.55, up 19 points Jul. wheat closed at $4.58 and 3/4, up 1/4 cent Jun. live cattle closed at $115.35, up 30 cents Jul. lean hogs closed at $84.47, down $1.72 Jul. crude oil… Read more »

A few cattle trade in the south

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A light cattle trade was evident on Wednesday afternoon in Kansas with prices near steady with Tuesday, and generally $5.00 lower than last week at 116.00. Packer inquiry seems to be light to moderate in parts of the North, but so far no business has been reported there. Asking prices are around 190.00 to 192.00… Read more »