Soybeans, corn weak heading into holiday weekend

Futures Markets copy

Soybeans were modestly lower on fund and technical selling. Crop conditions in South America look good, with mostly clear weather in Brazil and rain in the forecast for Argentina. South America is on pace for a bumper crop this year and Brazilian supplies are reportedly much cheaper than U.S. beans. Markets are closed Monday for… Read more »

Milk futures mixed, cash cheese steady

Futures Markets copy

In Class III trade at the Chicago Mercantile Exchange, milk futures were mixed, mostly higher, ahead of the long holiday weekend. February was down $.01 at $13.87 and March was up $.05 at $14.06, April was $.05 higher at $14.11 and May was up $.03 at $14.19. In the spot market, cash cheese was unchanged…. Read more »

Cattle trade done for the week

Futures Markets copy

The feedlot trade was quiet on Friday afternoon with business completed for the week. USDA Mandatory reported cattle trading was moderate in Kansas and light in the Texas Panhandle on Thursday on light to moderate demand. Live sales were 1.00 lower than last week at 133.00. Trading and demand was light to moderate in Nebraska… Read more »

Closing Grain and Livestock Futures: February 12, 2016

Futures Markets copy

Mar. corn closed at $3.58 and 3/4, down 1 and 1/2 cents Mar. soybeans closed at $8.72 and 3/4, down 3/4 cent Mar. soybean meal closed at $262.00, down $1.70 Mar. soybean oil closed at 31.80, up 21 points Mar. wheat closed at $4.57 and 1/2, down 3/4 cent Feb. live cattle closed at $129.95, down 17 cents Feb. lean hogs closed at $65.95, up 42 cents Mar. crude oil… Read more »

Midday cash livestock markets

Futures Markets copy

USDA Mandatory reported cattle trading was moderate in Kansas and light in the Texas Panhandle on Thursday on light to moderate demand. Live sales were 1.-00 lower than last week at 133.00. Trading and demand was light to moderate in Nebraska and Iowa. Live sales in Central Nebraska traded at 132.00, with dressed sales 4.00… Read more »

Soybeans hold gains

Futures Markets copy

Soybeans were higher on short covering and technical buying, seeing an oversold bounce. Weekly export sales were a little larger than expected with China the big buyer. Unknown destinations did cancel a lot of beans, though, and South American crop conditions look good. Conditions in Brazil are conducive to early harvest activity and there’s rain… Read more »

Nearby milk futures up

Futures Markets copy

In Class III trade at the Chicago Mercantile Exchange, milk futures were mixed, with winter and spring months up and summer months down. February was $.10 higher at $13.88 and March was up $.04 at $14.01, April was $.03 higher at $14.06 and May was up $.01 at $14.16. Cash cheese barrels were up $.015… Read more »

Cattle trade at lower prices

Futures Markets copy

USDA Mandatory reported cattle trading was moderate in Kansas and light in the Texas Panhandle on Thursday on light to moderate demand. Compared to last week, live cattle traded $3.00 lower at 133.00. Trade and demand was light to moderate in Nebraska and Iowa. In Nebraska live sales in the central part of the state… Read more »

Closing Grain and Livestock Futures: February 11, 2016

Futures Markets copy

Mar. corn closed at $3.60 and 1/4, unchanged Mar. soybeans closed at $8.73 and 1/2, up 11 and 1/4 cents Mar. soybean meal closed at $263.70, up $2.70 Mar. soybean oil closed at 31.59, up 58 points Mar. wheat closed at $4.58 and 1/4, down 3 cents Feb. live cattle closed at $130.12, down $2.35 Feb. lean hogs closed at $65.52, up 37 cents Mar. crude oil closed at… Read more »

Midday cash livestock markets

Futures Markets copy

A light cattle trade was reported by DTN in the South on Thursday morning, with most early sales at 133.00, as much as 3.00 lower than last week. Packer inquiry in the North is light to moderate with just a few deals reported. Sharply lower futures in the morning maybe working to soften country asking… Read more »