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  3. Tennessee: Mid-South Ag Finance Conference, Martin, Aug. 3

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  4. Arkansas: RiceTec Field Day, Harrisburg, Aug. 3

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  5. New Mexico: Ag Science Center Field Day, Clovis, Aug. 3

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  7. Arkansas Rice Expo, Stuttgart, Aug. 10

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  8. North Mississippi Row Crops Field Day, Verona, Aug. 11

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  9. Texas: Small Grain Workshop, Brownwood, Aug. 11

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  11. Kansas: Farm Succession Planning Seminar, Jewell, Aug. 16

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  12. Illinois: Agronomy Day, Savoy, August 18

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  13. Kansas: Farm Risk and Profit Conference, Manhattan, Aug. 18-19

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  14. Kansas: Water Management Field Day, Colby, Aug. 23

    August 23 @ 8:00 am - 5:00 pm
  15. Georgia: Pest Manager Training Workshop, Savannah, Aug. 26

    August 26 @ 8:00 am - 5:00 pm
  16. Louisiana: Sweet Potato Field Day, Chase, Aug. 31

    August 31 @ 8:00 am - 5:00 pm
  17. Georgia Peanut Tour, Tifton, Sept. 13-15

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  18. California Almond Conference, Sacramento, Dec. 6-8

    December 6 @ 8:00 am - December 8 @ 5:00 pm

DTN Livestock Open: Markets Begin With Mixed Prices

Mike Christensen
By John Harrington DTN Livestock Analyst April 23, 2012

Live and feeder contracts should open on a mixed basis as traders slowly sort through ambivalent Cattle on Feed news. Lean hog futures are also expected to start out with uneven price action.

Cattle: Cash Stdy-1 LR Futures Mixed Live Equiv $130.06 + .33*

Hogs: Cash Steady Futures Mixed Lean Equiv $85.25 + .63**

*based on formula estimating live cattle equivalent of gross packer revenue; **based on formula estimating lean hog equivalent of gross packer revenue

 

GENERAL COMMENTS

Hoping that tight fed supplies can continue to trump poor processing margins, feedlot margins will once again start out the week by pricing ready steers and heifers higher, probably around $124 to $125 in the South and $200 to $202 in the North. Showlists are expected to be some larger, but fed supplies could remain quite manageable if chain speed increases. While processing margins are unattractive, standing orders may call for more beef production as retailers and food managers prepare for seasonal demand. Cattle futures seem set to open on a mixed basis as traders position ahead cash prospects.

 
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Mike Christensen
By John Harrington DTN Livestock Analyst April 23, 2012