Market News
Cattle Bounce Back from Wednesday’s Overreaction
BarchartThu Apr 25, 4:51PM CDT
Live cattle had a back and forth trade on Thursday but settled near the highs with $1.60 to $2.67 gains. Cash trade kicked off with a steady/higher note this week, as the South was at $182 in TX and $182-183 in KS, even to $1 above a week ago. Northern...
Closing Grain and Livestock Futures: April 25, 2024
Brownfield Ag NewsThu Apr 25, 3:38PM CDT
May corn closed at $4.41, up 3 and 1/4 centsMay soybeans closed at $11.63 and 3/4, down 3 and 1/4 centsMay soybean meal closed at $343.90, down $2.10May soybean oil closed at 44.82, up 16 pointsMay wheat closed at $6.02 and 1/4, up 7 and 3/4 centsJun. live cattle closed...
Cattle futures higher heading into Friday
Brownfield Ag NewsThu Apr 25, 3:22PM CDT
At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, watching direct cash business develop. June lives closed $2.55 higher at $177.80 and August lives closed $2.67 higher at $176.05. May feeders closed $2.15 higher at $246.25 and August feeders closed $2 higher at $258.30. There was...
How Much Upside is Left in the Wheat and Corn Markets? Cattle Recover on Cash News
AgWebThu Apr 25, 3:16PM CDT
Cattle Recovering From Wednesday’s Overreaction
BarchartThu Apr 25, 11:57AM CDT
Live cattle are up 80 cents to $1.12 so far at midday. A few cash sales have been reported in the South at $182 in TX and $182-183 in KS, even to $1 above a week ago. Northern trade has been unestablished, with bids of $183 reported. Feeders are trading...
Midday cash livestock markets
Brownfield Ag NewsThu Apr 25, 11:54AM CDT
There’s another light round of direct cattle business following the light round of business that took place on Wednesday. Live deals in the South are at $182, fully steady to $1 higher than yesterday and the prior week’s weighted averages. Bids are at $290 dressed. Asking prices are at $184-plus...
Cattle Break Again on HPAI News: Corn Follows Wheat Higher, Soybeans Fall on Weak Exports
AgWebThu Apr 25, 9:36AM CDT
Cattle Look to Thursday Trade Following Midweek Drop on H5N1 Virus News
BarchartThu Apr 25, 7:31AM CDT
Live cattle ended the day with weakness, as contracts were down $1.20 to $2.12 on Wednesday. Yesterday morning’s Fed Cattle Exchange auction saw no sales on the 894 head listed, with bids of $181 and asks of $184. A few cash sales in the South popped up on Wednesday at...
Will Wheat, Soybean, and Corn Prices Continue to Rally? Or is This Just Short Covering?
BarchartWed Apr 24, 5:06PM CDT
I discussed the recent action in the wheat, soybean, and corn markets on AgWeb's Market's Now with Michelle Rook today. We also talked about the cattle markets and gold.
Cattle Back to Retreat Mode on H5N1 Virus News
BarchartWed Apr 24, 4:54PM CDT
Live cattle ended the day with weakness, as contracts were down $1.20 to $2.12 on Wednesday. This morning’s Fed Cattle Exchange auction saw no sales on the 894 head listed, with bids of $181 and asks of $184. A few cash sales in the South popped up today at $182,...
Cattle futures sharply lower at midweek
Brownfield Ag NewsWed Apr 24, 3:54PM CDT
At the Chicago Mercantile Exchange, live and feeder cattle were sharply lower with boxed beef lower at midday, watching direct business unfold. June lives closed $1.90 lower at $175.25 and August lives closed $2.12 lower at $173.37. May feeders closed $1.95 lower at $244.10 and August feeders closed $3.10 lower...
USDA issues order requiring testing before dairy cattle can move interstate
Brownfield Ag NewsWed Apr 24, 2:34PM CDT
The USDA has issued a Federal Order requiring lactating dairy cattle to test negative for highly pathogenic H5N1 avian influenza prior to interstate movement. During a call with reporters Wednesday, Ag Secretary Tom Vilsack said the order was issued to limit the spread of the virus. “The mandatory testing for...
Cattle Posting Midday Losses Amid More BIAV Fallout
BarchartWed Apr 24, 12:01PM CDT
Live cattle are slipping lower on Wednesday, with midday losses of $1.37 to $2.30. Cash action has been negligible thus far. Last week’s trade was $183-184 live and $292 dressed in the North, steady to down $1 from the previous week. Southern trade was steady, at $182. Feeders are down...