Dairy markets mixed

Futures Markets copy

Cash cheese barrels decreased 3.75 cents while blocks increased a quarter-cent on the Chicago Mercantile Exchange on Friday. Butter gained a penny and nonfat dry milk increased 1.25 cents.  Class III futures for January increased 17 cents, February was up 19 cents, March added 21 cents but June declined 8 cents. For the week: cash… Read more »

Grains, oilseeds end week on lower note

Futures Markets copy

Soybeans were lower on fund and commercial selling. The trade’s watching weather around South America and at least right now, weather looks mostly good. There is a chance for flooding over the next few days in parts of Southern Brazil. Soybean meal was steady to lower and bean oil was modestly higher, with both squaring… Read more »

Boxed beef is sharply lower

Futures Markets copy

Feedlot country remained slow on Friday afternoon with scattered activity reported in several states. A few cattle traded in Nebraska at 251.00, and Colorado at 160.00. There appears to be several packers that would still like to buy cattle before calling it a week. However some feedlots raised their asking prices to around 160.00 in… Read more »

Closing Grain and Livestock Futures: December 19, 2014

Futures Markets copy

Mar. corn closed at $4.10 and 1/2, down 1/2 cent Jan. soybeans closed at $10.30 and 1/2, down 4 and 1/2 cents Jan. soybean meal closed at $363.50, down $1.80 Jan. soybean oil closed at 31.97, up 8 points Mar. wheat closed at $6.32 and 1/4, down 23 cents Dec. live cattle closed at $160.75, up $2.05 Feb. lean hogs closed at $81.90, up 2 cents Jan. crude… Read more »

Midday cash livestock markets

Futures Markets copy

DTN is reporting a few cattle have sold in Nebraska at 251.00 today. There are also renewed bids of 158.00 on a live basis there. There was a light trade yesterday in some areas at mostly steady money with Wednesday’s decline. Asking prices on the cattle left on the showlists are around 160.00 in the… Read more »

Cash cheese steady, butter increases

Futures Markets copy

No activity in the cash cheese market on the Chicago Mercantile Exchange on Thursday. Cash butter increased 4.5 cents on one unfilled bid while nonfat dry milk slipped a half-cent on 3 sales and 2 unfilled bids all at 99 cents. The Class III futures rebounded; January increased 48 cents to go back over $16,… Read more »

New exports support corn, soybeans, wheat

Futures Markets copy

Soybeans were higher on fund and technical buying. China bought 1.5 million tons of 2015/16 U.S. beans and the weekly export numbers were solid. Demand remains strong, but crop conditions around South America look good. Soybean meal and oil were higher, following beans. In an early release from USDA, 2015 soybean acreage is expected to… Read more »

Livestock futures stage a turnaround

Futures Markets copy

Scattered cattle business was evident in several areas Thursday afternoon, but for the most part country trade remained limited. A few cattle traded in Nebraska on a live basis at 159.00, and in Iowa and Nebraska at 250.00 dressed. Trade volume totals suggest we should see more activity surface on Friday. It will be interesting… Read more »

Closing Grain and Livestock Futures: December 18, 2014

Futures Markets copy

Mar. corn closed at $4.11, up 2 and 3/4 cents Jan. soybeans closed at $10.38, up 8 cents Jan. soybean meal closed at $365.30, up 60 cents Jan. soybean oil closed at 31.89, up 12 points Mar. wheat closed at $6.55 and 1/4, up 6 and 3/4 cents Dec. live cattle closed at $158.70, up $2.27 Feb. lean hogs closed at $81.87, up $1.40 Jan. crude oil closed at… Read more »

Midday livestock prices

Futures Markets copy

Cattle country is slow to see action so far on Thursday. Some cattle traded yesterday in Nebraska at 249.00 to 250.00 on a dressed basis, down 6.00 to 7.00 from last week’s weighted average. Kansas and Texas also moved a few cattle from 156.00 to 157.00, 7.00 lower than last week. Asking prices on the… Read more »