Cash cheese slips ahead of the three-day weekend

Futures Markets copy

Cash cheese prices declined on the Chicago Mercantile Exchange on Thursday.  Cheddar barrels were 1.25 cents lower and blocks declined 1.75 cents.  Class III futures slipped as well.  Butter gained a penny and nonfat dry milk held steady. More reports of skim milk being dumped in the Northeastern United States.  Bloomberg says dairies in the… Read more »

Closing Grain and Livestock Futures: July 2, 2015

Futures Markets copy

Jul. corn closed at $4.19 and 3/4, up 6 cents Jul. soybeans closed at $10.45 and 1/4, up 1 and 1/4 cents Jul. soybean meal closed at $357.40, down $2.40 Jul. soybean oil closed at 33.36, up 35 points Jul. wheat closed at $5.85 and 3/4, down 1 and 3/4 cents Aug. live cattle closed… Read more »

Futures trade closes early for the holiday

Futures Markets copy

Scattered cattle sales were evident in parts of the North on Thursday. Some packers remained short bought, spending as much as 242.00 on the right kind of cattle, 2.00 more than Wednesday’s general advance, and 4.00 to 5.00 higher than last week. The South was quiet with trade wrapped up for the week at steady… Read more »

Corn up, soybeans and wheat mixed

Futures Markets copy

  Soybeans were narrowly mixed, mostly firm, ahead of Independence Day weekend. Contracts posted strong gains over the past week due to acreage concerns and strong demand. Weekly old crop export sales were a net reduction, but it was another very strong week for physical shipments. Five day forecasts are generally showing a drier weather… Read more »

Midday cash livestock markets

Futures Markets copy

A few scattered bids were reported on the cattle In Nebraska on Thursday following a light to moderate trade there on Wednesday. Dressed deals in the North ranged from 238.00 to 240.00. Kansas live sales ranged from 150.00 to 151.00. Texas cattle traded from 148.00 to 150.00. While it sounds like business is essentially done… Read more »

Good start to the month for dairy markets

Futures Markets copy

Higher prices across the board on the Chicago Mercantile Exchange dairy markets on Wednesday.  Cheddar cheese barrels increased 1.75 cents, blocks up 1.25 cents, butter increased 1.25 cents and nonfat dry milk gained a quarter cent.  A busy day with 16 loads of cheese, 13 loads of nonfat dry milk and three loads of butter… Read more »

Soybeans, wheat give back gains

Futures Markets copy

  Soybeans were lower on technical selling and profit taking. Tuesday’s gains may have been a little overdone, but there are a couple of big supportive influences for soybeans. Planting remains slower than normal in some key growing areas and demand continues to be strong. The USDA is resurveying some states and if there are… Read more »

Cattle futures stage comeback

Futures Markets copy

USDA Mandatory reported negotiated cash cattle trade in Texas was light on moderate demand with live sales at 150.00. In Kansas trading was moderate to active on good demand. Compared to last week Kansas live sales are 2.00 higher at 150.00. Trading in Nebraska and Colorado was moderate on moderate demand with live sales from… Read more »

Closing Grain and Livestock Futures: July 1, 2015

Futures Markets copy

Jul. corn closed at $4.13 and 3/4, down 1/4 cent Jul. soybeans closed at $10.44, down 12 and 1/4 cents Jul. soybean meal closed at $359.80, up 30 cents Jul. soybean oil closed at 33.01, down 55 points Jul. wheat closed at $5.87 and 1/2, down 27 and 1/4 cents Aug. live cattle closed at $151.07, up $3.00 Jul. lean hogs closed at $77.10, up 90 cents Aug…. Read more »

Midday cash livestock markets

Futures Markets copy

USDA Mandatory is reporting negotiated cash cattle trade in Texas is light on moderate demand with early live sales at 150.00. In Kansas trading is moderate to active on good demand. Compared to last week live sales are 2.00 higher at 150.00. Trading is light on moderate demand with a few live sales In Western… Read more »