Dairy markets drift lower

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Cash cheese held steady while butter, nonfat dry milk and Class III futures were all lower on the Chicago Mercantile Exchange on Tuesday. There were 16 loads of butter sold pulling the price down 3 cents just one day after 16 loads sold pushed the price 8.5 cents higher.   The Global Dairy Trade auction… Read more »

Wheat, corn post gains

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  Soybeans were mixed, adjusting old crop/new crop spreads, with old crop down and new crop up. The truck strike in Brazil isn’t over, but there are fewer blockades reported this week. In southern Brazil, soybean stocks at the key Paranagua port are dwindling, while the BR-163 highway in Mato Grosso is free of stoppages… Read more »

Cattle and hog futures close lower

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Feedlot country was at a standstill on Tuesday afternoon with little trade expected until late in the week. Some asking prices are around 162.00 in the South and 255.00 to 260.00 in the North. The kill was estimated by USDA at 109,000 head, the same as last week, 4,000 smaller than 2014. Boxed beef cutout… Read more »

Closing Grain and Livestock Futures: March 3, 2015

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Mar. corn closed at $3.82, up 3 and 1/4 cents Mar. soybeans closed at $10.08 and 3/4, down 2 and 1/2 cents Mar. soybean meal closed at $341.80, down $2.50 Mar. soybean oil closed at 32.80, up 15 points Mar. wheat closed at $5.08 and 3/4, up 3/4 cent Apr. live cattle closed at $151.05, down $2.40 Apr. lean hogs closed at $65.60, down $2.07 Apr. crude oil closed at $50.52, up 93 cents… Read more »

Midday cash livestock prices

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Cattle country is typically quiet on Tuesday with bids and asking prices not fully defined. A few showlists have been priced around 162.00 to 163.00 in the South, and 260.00 plus in the North. Significant trade volume could be delayed until the second half of the week. Boxed beef cutout values were up 1.03 at… Read more »

Butter up; Class III futures down on the CME

Futures Markets copy

Cash cheese and nonfat dry milk held steady on the Chicago Mercantile Exchange on Monday but butter jumped 8.5 cents on 16 sales. Butter inventories have been building, stocks jumped 43 million pounds in January however demand is strong especially with Passover and Easter on the horizon. There is a bit of regional disparity: Dairy… Read more »

Grains, oilseeds start March lower

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Soybeans were lower on fund and commercial selling. The truck strike in Brazil is ongoing, but there are fewer blockades reported. Crop weather conditions around South America look good for development. There are some harvest delays, though. Soybean meal and oil were lower, following soybeans. Corn was lower on fund and commercial selling. Corn’s also… Read more »

Cattle showlists are about steady

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Cattle country was very quiet on Monday afternoon following the distribution of the new showlists. Although the numbers are larger in Texas and Colorado while smaller in Nebraska and Kansas, the overall offering appears to be about steady with last week. A few asking prices have been voiced around 162.00 in the South and 250.00… Read more »

Closing Grain and Livestock Futures: March 2, 2015

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Mar. corn closed at $3.78 and 3/4, down 5 and 3/4 cents Mar. soybeans closed at $10.11 and 1/4, down 19 and 1/2 cents Mar. soybean meal closed at $344.30, down $9.40 Mar. soybean oil closed at 32.65, down 15 points Mar. wheat closed at $5.08, down 9 and 1/2 cents Apr. live cattle closed at $153.45, up $1.75 Apr. lean hogs closed at $67.67, up 20 cents Apr. crude oil closed… Read more »

Midday cash livestock prices

Futures Markets copy

Cattle country is quiet on Monday, with both buyers and sellers busy taking inventory, Bids and asking prices have yet to be established. Last week’s trade took place mostly late Friday afternoon with Southern live sales at 159.00, mostly 1.00 lower than the previous week. Northern dressed business was generally steady with the bulk of… Read more »