Cattle futures close limit lower

Futures Markets copy

Cattle country is at a standstill on Monday as expected, following the collection of the new show lists. The new offering appears to be larger in Kansas, Texas and Colorado, but it looks like Nebraska is offering fewer ready steers and heifers. Asking prices are poorly defined at this time but some feedlot managers are… Read more »

Milk futures lower, cash cheese unchanged

Futures Markets copy

In Class III trade at the Chicago Mercantile Exchange, milk futures were lower, pressured by the lower global price trend, the available supply, and slow export numbers for December. Spillover from the outside markets and the generally negative tone in the commodities were also factors. February was down $.05 at $13.78 and March was $.09… Read more »

Closing Grain and Livestock Futures: February 8, 2016

Futures Markets copy

Mar. corn closed at $3.62 and 1/4, down 3 and 1/2 cents Mar. soybeans closed at $8.62 and 1/2, down 5 cents Mar. soybean meal closed at $264.50, down 50 cents Mar. soybean oil closed at 30.75, down 48 points Mar. wheat closed at $4.58 and 1/2, down 8 and 1/4 cents Feb. live cattle closed at $133.05, down $3.00 Feb. lean hogs closed at $65.02, up 22 cents Mar. crude oil… Read more »

Midday cash livestock markets

Futures Markets copy

Cattle country is quiet on Monday with business limited to the collection of the new showlists. Last week’s light to moderate trade took place late on Friday with dressed business mostly at 210.00, generally steady with the previous week’s weighted average. Kansas waited until early evening to trade at 136.00 mostly 2.00 lower. Texas had… Read more »

Cover crops make sense for cattle producers

Sarah Carlson with Practical Farmers of Iowa says all row-crop farmers who raise cattle should use cover crops. “There’s multiple places where cover crops and cattle just make so much sense.  For example, in the fall you fly on a cover crop into standing corn.  You harvest that corn and have the green material out there… Read more »

Education can improve understanding of immune suppression in dairy cows

A survey of dairy producers by Elanco Animal Health shows producers recognize the consequences of immune suppression, but may not always identify the causes. Dr. Paul Rapnicki, Dairy Technical Consultant with Elanco, tells Brownfield the gap can be closed by education, “I think it’s just improving the vocabulary to allow the practical, producer level of… Read more »

Milk futures lower, cash cheese steady

Futures Markets copy

In Class III trade at the Chicago Mercantile Exchange, milk futures were lower, taking back Thursday’s gains and then some. February was down $.10 at $13.83 and March was $.12 lower at $13.96, while April was down $.16 at $13.96 and May was $.23 lower at $14.15. In the spot market, cash cheese was unchanged…. Read more »

Cattle trade at a standstill

Futures Markets copy

DTN reported a few cattle had been sold in Nebraska on Friday afternoon at 210.00, but the cash trade remained essentially untested. Packer bids and asking prices were separated by as much as $2.00 to 4.00 on a live basis. There may be some late trade. Asking prices were generally around 140.00 to 142.00 in… Read more »

Closing Grain and Livestock Futures: February 5, 2016

Futures Markets copy

Mar. corn closed at $3.65 and 3/4, down 2 and 3/4 cents Mar. soybeans closed at $8.67 and 1/2, down 7 cents Mar. soybean meal closed at $265.00, down $2.60 Mar. soybean oil closed at 31.23, down 1 point Mar. wheat closed at $4.66 and 3/4, down 6 cents Feb. live cattle closed at $136.05, down $1.02 Feb. lean hogs closed at $64.80, down 32 cents Mar. crude oil closed… Read more »

Midday cash livestock markets

Futures Markets copy

A few scattered bids on the cattle are being reported from 136.00 to 138.00 live in the South, and 210.00 dressed in Nebraska. For the most part much of the trade area is quiet, but packer inquiry is expected to improve over the next several hours. Asking prices are around 142.00 in the South, and… Read more »