Dairy markets continue to slide

Futures Markets copy

A “down” day to finish a “down” week on the Chicago Mercantile dairy markets on Friday.  Cash cheese barrels lost another 6.75 cents, blocks slipped 1.75 cents and butter dropped 9 cents. For the week: cash cheese barrels have lost 14.75 cents, blocks dropped 14.75 cents, butter fell 19 cents and nonfat dry milk lost… Read more »

Soybeans, corn down, expecting good harvest progress

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Soybeans were lower on fund and technical selling. The trade’s expecting good harvest progress thanks to warm, dry weather across most of the region. A record crop is pretty much locked in, but beans are also looking at very strong, if not record, demand. Soybean meal and oil were lower, following the lead of beans…. Read more »

Beef and pork values close lower

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Cattle country was relatively quiet on Friday afternoon following a light trade in the North in the morning, with dressed deals marked steady to $1.00 higher than Thursday from 265.00 to 266.00, live sales at 170.00. Business was essentially done for the week. Southern deals came in at mostly 170.00, 5.00 to 6.00 higher than… Read more »

Closing Grain and Livestock Futures: October 24, 2014

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  Dec. corn closed at $3.53, down 6 and 3/4 cents Nov. soybeans closed at $9.77 and 1/2, down 15 and 3/4 cents Dec. soybean meal closed at $350.20, down $2.20 Dec. soybean oil closed at 32.39, down 28 points Dec. wheat closed at $5.17 and 3/4, down 9 cents Oct. live cattle closed at $168.25, down 80 cents Dec. lean hogs closed at $90.25, up $1.52 Nov. crude… Read more »

Friday midday cash livestock markets

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Cattle prices reached a new record high on Thursday of $170.00 per hundredweight, $6.00 higher than the previous week. The trade in the South may be complete for the week. In the North cattle are trading at $170.00 live in Iowa and a few sales on a dressed basis are being reported in Nebraska at… Read more »

Cash cheese drops

Futures Markets copy

Cheese prices dropped on the Chicago Mercantile Exchange on Thursday.  Barrels lost 8 cents while blocks fell 21.25 cents.  A couple of uncovered offers setting the prices.  Cash butter lost 9 cents.  Class III futures responded accordingly with November losing 73 cents, December dropped 57 cents and January fell 44 cents. Milk production is strong… Read more »

Another strong session for soybeans

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Soybeans were higher on fund and commercial buying. China bought another 118,000 tons of 2014/15 U.S. beans and it was a strong week for export sales numbers. That new sale to China followed up on Wednesday’s purchase of more than 400,000 tons. Harvest forecasts look mixed, with more rain in some areas. Soybean meal and… Read more »

Cattle trade at record high prices

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USDA Mandatory reported cattle trading was light to moderate in the Texas Panhandle, Kansas, Nebraska and Colorado on very good demand on Thursday afternoon. A limited number of cattle have traded at 170.00, $5.00 to 6.00 higher than last week.  The $170.00 price level set new records in all regions. Trading was still slow in all… Read more »

Closing Grain and Livestock Futures: October 23, 2014

Futures Markets copy

  Dec. corn closed at $3.59 and 3/4, up 6 and 3/4 cents Nov. soybeans closed at $9.93 and 1/4, up 30 and 1/2 cents Dec. soybean meal closed at $352.40, up $14.40 Dec. soybean oil closed at 32.67, up 53 points Dec. wheat closed at $5.26 and 3/4, up 4 and 1/2 cents Oct. live cattle closed at $169.05, up $1.00 Dec. lean hogs closed at $88.72, down $1.02 Nov…. Read more »

Thursday midday cash livestock prices

Futures Markets copy

Cattle country remains in quiet mode on Thursday with bids and asking prices few and far between, but the expectation is packer inquiry will improve as the day progresses. Significant trade volume may be delayed until sometime on Friday and may wait until until after the release of the cattle on feed report at 2:00… Read more »