Corn hits new seven month highs

Futures Markets copy

Soybeans were higher on commercial and technical buying. Demand continues to be strong, as China bought 110,000 tons of 2016/17 U.S. beans and unknown destinations purchased 100,000 tons of 2016/17 U.S. meal. Contracts were down early on profit taking and the lower meal, before coming back late in the session. Soybean meal was mixed with… Read more »

Milk futures lower, cash dairy steady to firm

Futures Markets copy

In Class III trade at the Chicago Mercantile Exchange, milk was lower on profit taking after Thursday’s sharply higher, outside finish which had a new contract low followed by a higher close. June was down $.09 at $12.85, July was $.14 lower at $13.15, August was down $.09 at $13.85, and September was $.12 lower… Read more »

Cash hogs and cattle trade lower

Futures Markets copy

The cattle trade was pretty well wrapped up by Friday afternoon, but USDA Mandatory reported there was a light trade in Iowa on moderate demand with a few dressed sales at 205.00 with some having greater than a two week delivery. In Eastern Nebraska a few dressed sales sold from 198.00 to 202.00. Trade remained… Read more »

Closing Grain and Livestock Futures: May 27, 2016

Futures Markets copy

Jul. corn closed at $4.12 and 3/4, up 4 and 1/2 cents Jul. soybeans closed at $10.86 and 1/2, up6 and 3/4 cents Jul. soybean meal closed at $402.60, down $7.00 Jul. soybean oil closed at 31.48, up 44 points Jul. wheat closed at $4.81 and 1/2, up 1/4 cent Jun. live cattle closed at $119.70, up 77 cents Jun. lean hogs closed at $80.52, down 2 cents Jul. crude oil closed at… Read more »

Midday cash livestock markets

Futures Markets copy

USDA Mandatory reported cattle trading and demand was moderate in Kansas and the Texas Panhandle on Thursday. Compared to last week, live sales were 5.00 to 7.00 lower at 125.00. In the Northern Plains trade was light to moderate on moderate demand. In Nebraska a few live cattle sold from 124.00 to 125.00 and a… Read more »

Livestock futures close higher

Futures Markets copy

A light to moderate cattle trade developed in parts of cattle country with the best test evident in Kansas and Texas. With most sales at 125.00, the Southern live trade is nearly $6.00 lower than last week. Asking prices on unsold cattle appears to be around 128.00 plus in the South, and 200.00 plus in… Read more »

Corn hits new highs

Futures Markets copy

Soybeans were mostly lower on profit taking and technical selling with July 2016 through January 2017 posting modest losses. Contracts consolidated after hitting new highs for the move overnight heading into Thursday’s session. July traded as high as $10.98 prior to pulling back. The weekly export sales and shipments were neutral. Soybean meal closed higher… Read more »

Milk futures higher, cash dairy mixed

Futures Markets copy

In Class III trade at the Chicago Mercantile Exchange, milk futures were supported by expectations for a seasonal decrease in production, along with a higher 2016/17 farmgate forecast from Fonterra. June was up $.26 at 412.94, July was $.17 higher at 413.29, August was up $.14 at $13.94, and September was $.21 higher at $14.68. Over in… Read more »

Closing Grain and Livestock Futures: May 26, 2016

Futures Markets copy

Jul. corn closed at $4.08 and 1/4, up 3 and 1/2 cents Jul. soybeans closed at $10.79 and 3/4, down 5 and 3/4 cents Jul. soybean meal closed at $409.60, up $2.40 Jul. soybean oil closed at 31.04, down 30 points Jul. wheat closed at $4.81 and 1/4, up 15 and 1/4 cents Jun. live cattle closed at $118.92, up 77 cents Jun. lean hogs closed at $80.55, up 37 cents Jul. crude oil… Read more »

Midday cash livestock markets

Futures Markets copy

A few cattle sales are being reported by USDA Mandatory in parts of Kansas at 125.00, $5.00 to 7.00 lower than last week. Following another round of light trade that was reported in Nebraska yesterday with a wide range of 190.00 to 195.00. Asking prices today are around 128.00 to 132.00 in the South, and… Read more »