Cheese and butter stocks decline

Futures Markets copy

Cash cheese slipped a little more on the Chicago Mercantile Exchange on Friday. Barrels lost a penny and blocks declined 4.5 cents.  Butter increased .75 cents and nonfat dry milk held steady. For the week, cash cheese barrels lost 17.5 cents, blocks fell 21.25 cents, butter gained 1.25 cents and nonfat dry milk fell 4.25… Read more »

Soybeans manage solid finish

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Soybeans were higher on fund and commercial buying. Contracts did struggle at points, but were able to post a solid end to the session. Demand is solid and China has lowered its interest rate, which could lead to more imports. The U.S. harvest is just about wrapped up, while South American planting is moving forward…. Read more »

Cattle trade at higher prices

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DTN reported a light cattle trade was evident in several areas on Friday afternoon. Dressed sales in the North were mostly 267.00, $2.00 to 3.00 higher than last week. A few deals were evident in Texas at 172.00, $4.00 higher than last week’s test. Many showlists continued to be priced on a firm basis, 174.00… Read more »

Closing Grain and Livestock Futures: November 21, 2014

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Dec. corn closed at $3.72 and 3/4, down 1/2 cent Jan. soybeans closed at $10.39, up 18 and 1/2 cents Dec. soybean meal closed at $378.40, up $7.60 Dec. soybean oil closed at 32.69, up 2 points Dec. wheat closed at $5.47 and 1/4, unchanged Dec. live cattle closed at $170.90, up 65 cents Dec. lean hogs closed at $90.65, down 12 cents Jan. crude oil closed at $76.51, up 66 cents… Read more »

Friday midday cash livestock prices

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Cattle country is slow to start on Friday with just a few bids on the table according to private sources at 168.00 in Kansas and 263.00 dressed in Nebraska. Packer inquiry is expected to improve over the next several hours, but it is possible significant trade volume will be delayed until after the cattle on… Read more »

Cheese falls

Futures Markets copy

Barrel cheese prices dropped on the Chicago Mercantile Exchange on Thursday, down 16.5 cents to $1.75 per pound. Blocks lost another 2.5 cents to close at $1.775.  Blocks have declined 16.75 cents for the week.  Ironically, Class III futures increased, November up 15 cents, December gained 14 cents.   National Dairy Products Sales Report for… Read more »

Solid demand supports soybeans, corn

Futures Markets copy

Soybeans were higher on fund and commercial buying. Unknown bought another 140,000 tons of 2014/15 U.S. beans and the weekly numbers were bullish. U.S. soybean sales and shipments are at 79% of USDA’s projection for the marketing year. There were a lot of 2014/15 sales late last marketing year, but that’s still pretty impressive, especially… Read more »

Pork and beef values end higher

Futures Markets copy

Cattle country remained untested on Thursday afternoon with just a few scattered bids reported in Kansas from 167.00 to 168.00 live, and Nebraska 263.00 to 265.00 dressed basis. Asking prices remain firm around 174.00 in the South and 270.00 plus in the North. Significant trade volume will be delayed until sometime on Friday, probably not… Read more »

Closing Grain and Livestock Futures: November 20, 2014

Futures Markets copy

Dec. corn closed at $3.7 and 1/4, up 10 cents Jan. soybeans closed at $10.20 and 1/2, up 15 and 3/4 cents Dec. soybean meal closed at $370.80, up 40 cents Dec. soybean oil closed at 32.67, up 16 points Dec. wheat closed at $5.47 and 1/4, up 9 and 1/2 cents Dec. live cattle closed at $170.25, down 57 cents Dec. lean hogs closed at $90.77, down $1.00… Read more »

Thursday midday cash livestock prices

Futures Markets copy

Cattle country is quiet again on Thursday, but the expectation is packer inquiry will start to improve as the day progresses. However, it is possible significant trade volume could be delayed until Friday after the release of the monthly cattle on feed report. Asking prices are around 174.00 in the South, and 270.00 plus in… Read more »