A good week for butter and nonfat dry milk

Futures Markets copy

More increased for butter and nonfat dry milk at the Chicago Mercantile Exchange on Friday. Butter gained a quarter-cent and NFDM added 3 cents. Cheddar cheese blocks slipped a half-cent and Class III futures were lower to reflect that. For the week, cash cheese barrels gained 7 cents, blocks slipped a half-cent, butter increased 11.25… Read more »

Corn, wheat post modest gains

Futures Markets copy

  Soybeans were lower on fund and technical selling, in addition to spillover from the outside markets. Crop weather looks generally favorable and the trade is expecting a big U.S. soybean crop this year. Demand continues to be solid, but the trade’s more focused on the late crop development conditions at this time. Soybean meal… Read more »

Cattle trade at lower prices

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USDA Mandatory reported cattle trading and demand was moderate in Western Nebraska, Colorado and Kansas on Friday. Compared to last week, live sales in Nebraska were 1.00 to 4.00 lower at 143.00 with limited sales up to 143.50. Compared to last week in Colorado live sales were 4.00 to 5.00 lower at 143.00. Kansas sales… Read more »

Closing Grain and Livestock Futures: September 4, 2015

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Sep. corn closed at $3.49 and 1/2, up 1 and 3/4 cents Sep. soybeans closed at $8.77 and 1/4, down 2 and 1/2 cents Sep. soybean meal closed at $313.90, down $2.60 Sep. soybean oil closed at 26.44, down 32 points Sep. wheat closed at $4.57 and 3/4, up 1 and 1/4 cents Oct. live cattle closed at $140.47, down $1.12 Oct. lean hogs closed at $69.15, down… Read more »

Midday cash livestock markets

Futures Markets copy

Cattle country is slow getting started on Friday following a light to moderate trade in Parts of the North on Thursday. Cattle in Nebraska on a dressed basis traded from 221.00 to 224.00, mostly 222.00. Iowa also saw some trade at 222.00. The South was quiet yesterday, but USDA Mandatory is now reporting a light… Read more »

Butter and NFDM move higher

Futures Markets copy

Cheese prices held steady on the Chicago Mercantile Exchange on Thursday, butter increased 3 cents and nonfat dry milk was a nickel higher. Class III futures were mostly a little higher. Milk production continues to trend lower in the North Central and Northeast as hot weather and high humidities pressured production this week. Dairy Market… Read more »

Grains, oilseeds continue slide

Futures Markets copy

  Soybeans were lower on fund and technical selling. There’s a lot of uncertainty about Chinese demand, but China and unknown did buy more new crop U.S. beans. China picked up 110,000 tons and unknown purchased 773,400 tons. The trade’s expecting a big U.S. crop and at least some increase in Brazil’s soybean acreage. Soybean… Read more »

Cattle trade in the north

Futures Markets copy

USDA Mandatory reported cattle trade and demand was light to moderate in Nebraska on Thursday. Compared to last week, dressed sales traded 6.00 lower at 222.00. A few live sales traded in Iowa at 141.00. There were a few bids on the cattle in Kansas at 143.00 to 144.00. Asking prices appear to be around… Read more »

Closing Grain and Livestock Futures: September 3, 2015

Futures Markets copy

Sep. corn closed at $3.47 and 3/4, down 6 and 1/4 cents Sep. soybeans closed at $8.79 and 3/4, down 4 cents Sep. soybean meal closed at $316.50, down $1.60 Sep. soybean oil closed at 26.76, unchanged Sep. wheat closed at $4.56 and 1/2, down 16 and 1/2 cents Oct. live cattle closed at $141.60, up 37 cents Oct. lean hogs closed at $69.45, down 32 cents Oct. crude… Read more »

Midday livestock markets

Futures Markets copy

There are a few starter bids on the cattle being reported by DTN at 143.00 to 144.00 in Kansas, and dressed bids of 223.00 to 225.00 in Nebraska. Packer inquiry is expected to improve as the day progresses. Asking prices around 146.00 to 148.00 in the South and 228.00 plus in the North. Boxed beef… Read more »