Year-over-year prices for finished steers remain high, but it looks like in general, cattle futures have peaked for the season, and that's likely to trim gains heading into summer. The cattle business has responded to supply-driven price ...
Tags: cattle futures, Agriculture
If you're not ready for a higher cattle market for a while, you better settle in and get ready for it, because it's going to continue for "multiple years" into the future, one expert says. Record beef prices at the consumer meat case ...
Tags: Beef Herd, cattle market
USDA's February WASDE increased their forecast of slaughter steer prices in 2014 by $2.50/cwt. They now expect the 5 area average for slaughter steers this year will be between $132/cwt and $140/cwt. USDA is predicting 2014 beef production ...
Tags: Agriculture, Food
Soybeans were higher on commercial and technical buying. Weekly export sales were lower than expected, but still more than what's needed to meet USDA projections and it was a good week for shipments. Around ten to fifteen percent of ...
Tags: Soybean, Agriculture, Food
Soybeans were higher on commercial and fund buying. Weekly export numbers were strong, USDA will probably increase their estimate next week, and there are concerns about weather in key growing areas of South America. There’s been more ...
Tags: Soybeans Futures, wheat
National Beef Packing Company announced today that they will be closing their beef processing facility in Brawley, California in early April. The closure is the result of tight margins due to declining cattle numbers. The plant employs ...
Tags: Packing plant, beef
Closing Grain and Livestock Futures Mar. corn closed at $4.25, up 1 cent Mar. soybeans closed at $12.80 and 1/2, down 36 cents Mar. soybean meal closed at $416.50, down $18.00 Mar. soybean oil closed at 38.10, up 36 points Mar. ...
Tags: Soybean, Joplin Regional Stockyards, Iowa/Minnesota, cattle trade
Cattle and beef prices continue to set new records, and not by small margins. This week both slaughter steer prices and beef carcass cutout values blew away last week's record highs. Through Thursday, the 5-area average price for slaughter ...
Tags: Agriculture, Food, Cattle, beef
Wednesday's Closing Grain and Livestock Futures Mar. corn closed at $4.25 and 3/4, down 5 and 3/4 cents Mar. soybeans closed at $13.18, up 11 cents Mar. soybean meal closed at $434.50, up $4.40 Mar. soybean oil closed at 37.99, up ...
Soybeans were higher on commercial and technical buying. There was no real fresh news, but the outside markets were supportive and the near term supply remains tight. Conditions in Brazil are generally good for development and harvest, but ...
Tags: Soybean, Agriculture
Monday's Closing Grain and Livestock Futures Mar. corn closed at $4.34 and 1/2, up 1 and 3/4 cents Jan. soybeans clocsed at $13.26 and 3/4, up 23 cents Jan. soybean meal closed at $446.90, up $11.70 Jan. soybean oil closed at 37.57, ...
Tags: Grain Futures, Livestock Futures, Agri Commodities Market
Soybeans were higher on fund and commercial buying, along with spillover from corn. 2013 soybean production was up on the year and larger than expected at 3.29 billion bushels, while quarterly stocks were up on the year, but ending stocks ...
Tags: Corn, Corn Futures Prices, Prices Jump
Both slaughter steer prices and beef carcass cutout values set new record highs this week. Through Thursday, the 5-area average price for slaughter steers sold on a live weight basis was $139.54/cwt, up $2.08 from a week ago and up $13.18 ...
Soybeans were mixed ahead of Friday's USDA numbers. USDA's expected to report a big crop Friday, but that may be moderated by an increase in their export estimate, with the reports out at Noon Eastern/11 AM Central. China bought more U.S. ...
Tags: Grain, Grain Futures, USDA Reports
Wednesday's Closing Grain and Livestock Futures Mar. corn closed at $4.17, down 9 cents Jan. soybeans closed at $13.00 and 3/4, up 1 and 1/4 cents Jan. soybean meal closed at $430.60, down $4.00 Jan. soybean oil closed at 37.43, ...