Closing Grain and Livestock Futures: January 29, 2015

Futures Markets copy

Mar. corn closed at $3.71 and 1/2, down 1 and 3/4 cents Mar. soybeans closed at $9.68 and 1/4, down 2 cents Mar. soybean meal closed at $337.90, up 50 cents Mar. soybean oil closed at 29.54, down 80 points Mar. wheat closed at $5.07 and 3/4, up 2 and 1/2 cents Feb. live cattle closed at $153.52, down 42 cents Feb. lean hogs closed at $68.55, down $2.97 Mar…. Read more »

Ag loans increase, survey finds

Agriculture loans increased in the fourth quarter along with lowering profits for crop producers – according to the national Survey of Terms of Bank Lending to Farmers issued by the Federal Reserve Bank of Kansas City. Most of the gains were from borrowing for current operating expenses. Farm loan debt – outstanding as of September… Read more »

Midday cash livestock market

There is still not a lot of movement in cattle country on Thursday, with just a few bids noted in Kansas and Texas at 156.00. Packer inquiry is expected to improve as the day progresses, although significant trade volume could be delayed until later today or tomorrow. Asking prices are around 162.00 in the South,… Read more »

Soybean, wheat sales top expectations

  USDA reports soybean and wheat export sales for the week ending January 22 were larger than expected, while corn and soybean meal were within their respective anticipated ranges and soybean oil was below all estimates. Physical shipments of soybeans were more than what’s needed weekly to meet USDA projections for the 2014/15 marketing year,… Read more »

Missouri trade trip to Cuba in March

Missouri Governor Jay Nixon is taking commodity group leaders with him to Cuba for a trade trip in early March. Nixon tells Brownfield Ag News that ag products will be the leader in exports from Missouri to Cuba as trade relations are eased, “Soybeans and corn have really solid potential there – we also think rice…. Read more »

Cattle inventory numbers out Friday

USDA’s cattle inventory report Friday may not show a rapid pace of herd expansion, but it should show signs of an end to contraction. That’s at least partially due to more favorable pasture conditions and cheaper feed costs. According to Dow Jones Newswires, all cattle and calves on January 1 are expected to be down… Read more »

House Ag subcommittees named

The House Agriculture Committee has announced the subcommittee appointments for the 114th Congress:   General Farm Commodities and Risk Management Jurisdiction: Policies, statutes, and markets relating to commodities including barley, cotton, cottonseed, corn, grain sorghum, honey, mohair, oats, other oilseeds, peanuts, pulse crops, rice, soybeans, sugar, wheat, and wool; the Commodity Credit Corporation; risk management policies… Read more »

Hog futures end with limit gains

Cattle country remained at a standstill on Wednesday afternoon with significant trade volume postponed until Thursday or Friday. A few bids were reported by private sources in Nebraska at 249.00. Some asking prices are around 162.00 in the South and 260.00 plus in the North. The kill totaled 112,000 head, 2,000 more than last week,… Read more »

Closing Grain and Livestock Futures: January 28, 2015

Futures Markets copy

Mar. corn closed at $3.73 and 1/4, down 8 cents Mar. soybeans closed at $9.70 and 1/4, down 3 and 1/2 cents Mar. soybean meal closed at $337.40, up 80 cents Mar. soybean oil closed at 30.34, down 83 points Mar. wheat closed at $5.05 and 1/4, down 13 and 3/4 cents Feb. live cattle closed at $153.95, up $1.12 Feb. lean hogs closed at $71.52, up $2.10 Mar. crude oil closed… Read more »

Midday cash livestock market

It is pretty much the same old story in cattle country on Wednesday with bids and asking prices still not well defined. A few showlists have been priced around 162.00 in the South and 260.00 plus in the North. It is always possible to see some mid-week trade, but significant business will probably wait until… Read more »