Tuesday midday cash livestock markets

Futures Markets copy

We could start to see packer inquiry improve today with a few bids on the cattle showing up as the day progresses. At this point it is likely to be one of two options, initial bids may be strong, and draw active trade into the market before the end of the day, similar to last… Read more »

Dairy markets mixed

Futures Markets copy

A mixed day in the dairy markets on Tuesday as most viewed Monday’s September milk production numbers “about as expected.”  Cash cheese barrels on the Chicago Mercantile Exchange fell 7.25 cents while blocks held steady.  The barrel-to-block spread is now at 29 cents.  Traders know that needs to narrow but the question is: will barrels… Read more »

Commercial demand resurfaces in soybeans

Futures Markets copy

  Soybeans were higher on fund and commercial buying. China’s third quarter GDP results weren’t great, but they were better than expected and demand remains strong. Harvest is slower than average, but is expected to catch up, in most areas, thanks to a better weather outlook. Soybean meal was higher, also attracting new commercial demand,… Read more »

Beef closes steady but pork was lower

Futures Markets copy

It was a typical Tuesday in cattle country with bids and asking prices still not well defined although a few showlists have been priced around 167.00 to 168.00 in the South and 260.00 plus in the North. Significant trade volume will likely be delayed until the second half of the week. The kill totaled 115,000… Read more »

Closing Grain and Livestock Futures: October 21, 2014

Futures Markets copy

  Dec. corn closed at $3.56, up 7 and 3/4 cents Nov. soybeans closed at $9.64 and 1/4, up 20 cents Dec. soybean meal closed at $342.90, up $13.50 Dec. soybean oil closed at 31.76, up 6 points Dec. wheat closed at $5.19 and 1/4, up 5 and 3/4 cents Oct. live cattle closed at $166.55, down $1.35 Dec. lean hogs closed at $88.45, down 70 cents Nov. crude oil closed… Read more »

Tuesday midday cash livestock prices

Futures Markets copy

It is a typical Tuesday in cattle country with bids and asking prices still not well defined although a few showlists have been priced around 167.00 to 168.00 in the South and 260.00 plus in the North. Significant trade volume will likely be delayed until the second half of the week. Boxed beef cutout values… Read more »

Butter gains 1.5 cents

Futures Markets copy

After falling 80.5 cents last week, cash butter gained a penny-and-a-half on the Chicago Mercantile Exchange on Monday.  There were a dozen sales and buyers jumped-in to take advantage of what might be the lowest price.  One unfilled bid set the market at $2.015.  Cash cheese increased 3.75 cents on both the barrels and the… Read more »

Corn sees late bounce

Futures Markets copy

  Soybeans were lower on fund and technical selling. Weather forecasts this week look conducive for harvest activity and producers should make solid progress. Still, there are some delays in key growing areas and beans are a good value at current price levels, helping contract close near the session highs. USDA reports 95% of U.S…. Read more »

Cattle futures start the week with a bang

Futures Markets copy

The distribution of this week’s cattle showlists is complete and the offering appears to be somewhat smaller than last week. A few early estimates are that ready steers and heifers will be priced around 166.00 to 167.00 in the South and 260.00 plus in the North. The kill totaled 114,000 head, the same as a… Read more »

Closing Grain and Livestock Futures: October 20, 2014

Futures Markets copy

  Dec. corn closed at $3.48 and 1/4, up 1/4 cent Nov. soybeans closed at $9.44 and 1/4, down 7 and 1/2 cents Dec. soybean meal closed at $329.40, down $1.10 Dec. soybean oil closed at 31.70, down 32 points Dec. wheat closed at $5.13 and 1/2, down 2 and 1/2 cents Oct. live cattle closed at $167.90, down $2.85 Dec. lean hogs closed at $89.15, down $1.42 Nov. crude oil closed… Read more »