Wednesday midday cash livestock markets

Futures Markets copy

Packer inquiry in the cash cattle trade is light to moderate as the country tries to take care of business before the Thanksgiving break. USDA Mandatory reported a few sales in Kansas at 173.00 that looks to be about steady with last week. Look for buying interest to improve throughout the day. Asking prices are… Read more »

Cheese continues to decline

Futures Markets copy

Cash cheese barrels slipped another 1.5 cents on the Chicago Mercantile Exchange on Tuesday. Blocks held steady but butter lost 3 cents and nonfat dry milk declined 2.25 cents per pound.  Class III futures for January lost 14 cents, February fell 25 cents. The continued decline in cash cheese prices has buyers being cautious: no… Read more »

Commercial demand back for soybeans

Futures Markets copy

Soybeans were higher on fund and commercial buying. The trade’s continuing to look at a record crop balanced out by expected record demand. There was no real fresh news, but the trade decided to buy back the losses from Monday and then some. Soybean meal was higher on commercial demand, while bean oil was firm,… Read more »

Pork was lower and beef was higher

Futures Markets copy

The cash cattle trade remained untested on Tuesday afternoon with both bids and asking prices poorly defined. Some showlists are priced around 175.00 in the South and 272.00 to 274.00 in the North. Packers and feedlot operators will try to complete business by Wednesday afternoon, ahead of the Thanksgiving break. The slaughter totaled 113,000 head,… Read more »

Closing Grain and Livestock Futures: November 25, 2014

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Dec. corn closed at $3.74 and 1/4, up 6 and 3/4 cents Jan. soybeans closed at $10.51, up 17 and 1/4 cents Dec. soybean meal closed at $390.60, up $15.70 Dec. soybean oil closed at 33.42, up 22 points Dec. wheat closed at $5.51 and 1/2, up 9 and 1/4 cents Dec. live cattle closed at $170.15, up 65 cents Dec. lean hogs closed at $90.95, down 37 cents Jan. crude… Read more »

Tuesday midday cash livestock prices

Futures Markets copy

The cash cattle trade remains unestablished on Tuesday with both bids and asking prices poorly defined. Some showlists are priced around 175.00 in the South and 272.00 to 274.00 in the North. Packers and feedlot operators will probably try to complete business by Wednesday afternoon, making plenty of time for feasting and football, but that… Read more »

Corn, soybeans start week on a lower note

Futures Markets copy

Soybeans were lower on fund and technical selling. It looks like it may be a quiet week heading into Thanksgiving, with harvest just about wrapped in many areas. According to USDA, 97% of U.S. soybeans are harvested, compared to 98% on average. China bought 235,000 tons of 2014/15 U.S. soybeans and Thailand picked up 174,000… Read more »

Cattle futures close lower

Futures Markets copy

Feedlot country is typically quiet with packers completing the collection of the new showlists. The new offering appears to be generally larger than last week. Some ready steers and heifers have been priced around 175.00 plus in the South and 272.00 to 274.00 in the North. Both sides would like to complete business by Wednesday… Read more »

Closing Grain and Livestock Futures: November 24, 2014

Futures Markets copy

Dec. corn closed at $3.67 and 1/2, down 5 and 1/4 cents Jan. soybeans closed at $10.33 and 3/4, down 5 and 1/4 cents Dec. soybean meal closed at $374.90, down $3.50 Dec. soybean oil closed at 33.20, up 51 points Dec. wheat closed at $5.42 and 1/4, down 5 cents Dec. live cattle closed at $169.50, down $1.40 Dec. lean hogs closed at $91.32, up 67 cents Jan. crude… Read more »

Monday midday cash livestock markets

Futures Markets copy

The main item of business in cattle country on Monday is the distribution of the new showlists. On Friday USDA Mandatory reported cattle trading was light on Moderate demand in Kansas with live sales at 173.00. Trading in the Northern Plains and Iowa was moderate on very good demand with live sales in Nebraska from… Read more »