Dairy trending higher

Futures Markets copy

Dairy markets quietly nudging higher on the Chicago Mercantile Exchange this week.  On Thursday the cash cheese barrels were steady but blocks increased 2 cents, butter gained 4 cents on 6 sales.  Seems the holiday buying is picking-up. Milk production in the Central U.S. is running ahead of year-ago levels and Dairy Market News says… Read more »

Soybeans sell-off

Futures Markets copy

Soybeans were lower on fund and technical selling. Harvest is progressing in many areas, so we’re seeing an increased amount of available soybeans. Still, the record crop’s being balanced out by record demand, with China buying another 132,000 tons of 2014/15 U.S. beans. Soybean meal was lower and bean oil was higher, adjusting product spreads…. Read more »

Beef and pork values end lower

Futures Markets copy

A few bids on the cattle were reported by private sources in Kansas on Thursday afternoon from 165.00 to 167.00. But overall the market was generally quiet. Buying apathy suggests significant trade will be delayed until Friday. Asking prices are around 172.00 to 173.00 in the South and 270.00 plus in the North. Cattle slaughter… Read more »

Closing Grain and Livestock Futures: October 30, 2014

Futures Markets copy

  Dec. corn closed at $3.74, down 1 and 1/4 cents Nov. soybeans closed at $10.24 and 1/4, up down 1/ and 3/4 cents Dec. soybean meal closed at $380.00, down $17.20 Dec. soybean oil closed at 34.31, up 13 points Dec. wheat closed at $5.36, down 2 and 1/4 cents Oct. live cattle closed at $170.50, up $1.50 Dec. lean hogs closed at $87.20, down $1.40 Nov…. Read more »

Thursday midday cash livestock market

Futures Markets copy

We should start to see the packer inquiry into the cattle improve as the day progresses, however significant trade may not develop until Friday. So far on Thursday no bids have been reported. Asking prices are around 172.00 to 173.00 in the South and 270.00 plus in the North. Boxed beef cutout values were near… Read more »

The rebound continues in dairy markets

Futures Markets copy

Cash cheese barrels gained 5.5 cents and blocks increased 1.5 cents on the Chicago Mercantile Exchange on Wednesday.  The 30-cent barrel-to-block spread of a week ago has shrunk to a nickel.  Butter gained 8 cents on 4 sales and Class III futures with some nice gains across the board. Holiday orders are increasing with more… Read more »

Soybeans lead gains on Wednesday

Futures Markets copy

There were large gains in soybean futures on Wednesday.  The gains extended to soybean meal and soybean oil.  DTN says its weather forecast will make harvest a breeze for the next 10 days with the exception of light shower chances in the eastern Midwest. However, January soybeans are now paying more attention to the demand… Read more »

Closing Grain and Livestock Futures: October 29, 2014

Futures Markets copy

Dec. corn closed at $3.75 and 1/4, up 10 and 3/4 cents Nov. soybeans closed at $10.43, up 35 cents Dec. soybean meal closed at $397.20, up $22.10 Dec. soybean oil closed at 34.18, up 139 points Dec. wheat closed at $5.38 and 1/4, up 7 and 1/2 cents Oct. live cattle closed at $169.00, down 20 cents Dec. lean hogs closed at $88.60, down $1.60… Read more »

Cattle buying interest limited

Futures Markets copy

Private sources reported a few bids on the cattle in Kansas at 168.00 live and in Nebraska at 165.00. 263.00 was bid on a dressed basis in Nebraska, but generally buying interest remained quite limited. Asking prices are firm at 172.00 to 173.00 in the South and 270.00 plus in the North. Business looks to… Read more »

Tuesday midday cash livestock markets

Futures Markets copy

There is not a lot of action in cattle country so far on Wednesday. Bids and asking prices are still a little sketchy, but some ready steers and heifers have been priced around 172.00 to 173.00 in the South and 270.00 plus in the North. This week’s cattle slaughter is expected to drop back toward… Read more »