Strong finish for dairy markets

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A pretty strong finish to the month in the dairy markets.  Cash cheese barrels gained 3.5 cents, blocks added 1.5 cents and butter increased 3.25 cents on the Chicago Mercantile Exchange.  Class III futures responded with April up 7 cents, May increased 11 cents, the June contract added 16 cents and October was up 26… Read more »

Corn, wheat lower following USDA numbers

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  Soybeans were higher on fund and commercial buying. USDA sees this year’s planted area at a record 84.6 million acres, 1% above 2014. Quarterly stocks were up 34% on the year, but did indicate strong quarter to quarter demand. The numbers may even signal a reduction in ending stocks in April. Still, the overall… Read more »

Boxed beef ends higher

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Cattle country was very quiet on Tuesday with no bids reported. While buying interest could develop at midweek, significant trade is not expected until Thursday or Friday. Asking prices are around 167.00 to 168.00 in the South and 268.00 plus in the North. The kill totaled 109,000 head, 1,000 more than last week, but 10,000… Read more »

Closing Grain and Livestock Futures: March 31, 2015

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May corn closed at $3.76 and 1/4, down 18 and 1/4 cents May soybeans closed at $9.73 and 1/4, up 5 and 1/2 cents May soybean meal closed at $326.80, up $3.60 May soybean oil closed at 30.39, down 10 points May wheat closed at $5.11 and 3/4, down 18 and 1/2 cents Apr. live cattle closed at $161.32, down $1.17 Apr. lean hogs closed at $62.42, up $1.12 Apr. crude oil closed at… Read more »

Midday cash livestock markets

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It is a typical Tuesday in cattle country with bids and asking prices still not well defined. A few showlists have been priced around 167.00 to 168.00 in the South and 266.00 to 268.00 in the North. Significant business will probably be delayed until the second half of the week. Boxed beef cutout values are… Read more »

Wheat support by weather, commercial buying

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  Soybeans were firm on spillover from corn and wheat, along with technical buying. Traders were getting ready for Tuesday’s USDA prospective planting and quarterly stocks numbers. Acreage should be up on the year, while stocks are expected to show strong demand. Even if supplies are above a year ago, it was a function of… Read more »

Solid start to the week for cheese

Futures Markets copy

Cash cheese nudged a little higher on Monday with both barrels and blocks closing at $1.565 per pound.  Class III futures with some solid gains as indications are we are at the low for milk prices for this year.  The March Class III contract is at $15.52, April is at $15.58, July is over $16… Read more »

Cattle showlists are generally steady

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The cattle market was not established on Monday afternoon with bids and asking prices poorly defined. New showlists appear to be mixed but generally steady with last week. A few showlists have been priced around 167.00 to 168.00 in the South and 266.00 to 268.00 in the North. The kill totaled 109,000 head, 5,000 more… Read more »

Closing Grain and Livestock Futures: March 30, 2015

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May corn closed at $3.94 and 1/2, up 3 and 1/2 cents May soybeans closed at $9.67 and 3/4, up 1/2 cent May soybean meal closed at $323.20, up $1.80 May soybean oil closed at 30.49, down 11 points May wheat closed at $5.30 and 1/4, up 22 and 1/2 cents Apr. live cattle closed at $162.50, down 12 cents Apr. lean hogs closed at $61.30, up 17 cents Apr. crude oil closed… Read more »

Midday cash livestock markets

Futures Markets copy

Cattle country is quiet today, with both buyers and sellers busy taking inventory. Bids and asking prices have yet to be established. Last week’s trade didn’t take place until Friday afternoon, but it turned out to be worth the weight with Southern live business generally $2.00 higher at 165.00 and Northern dressed business from mostly… Read more »