Friday, May 16, 2014

DTN Livestock Close: Cattle Futures Close Week With Solid Gains

AgFax.Com - Your Online Ag News Source


The cattle complex closed impressively higher, supported by late-week short-covering and improving beef cutouts. On the other hand, lean hog contracts settled narrowly mixed with nearbys generally losing ground to deferreds.

GENERAL COMMENTS:

From Friday to Friday livestock futures scored the following changes: Jun LC, Off .15, Aug LC, Up .17; May FC, Up 2.73; Aug FC, Up 1.95; Jun LH, Off 1.25; Jul LH, Up .70. The cash cattle market was lightly tested with Kansas feedlots selling ready steers and heifers at $145, $1 lower than last week. The Northern tier of feeding country was limited to scattered sales ranging from $233 to $235, generally steady with Thursday’s decline. According to the closing report, the Iowa hog base is 0.85 lower compared with the Prior Day settlement ($102.00-$110.00, weighted average $108.96). Corn futures closed mostly fractionally higher Friday. Spot July was down 3/4, but remaining contracts were up 1/4 to 1/2.

 

DTN Closing Livestock Comment 01/28 15:52
   Live Cattle Futures Stage Midweek Recovery

   Lean hog futures closed sharply higher, supported by short-covering and
technical buying. At the same time, cattle contracts settled mostly higher with
nearbys generally gaining on deferreds.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   The cash cattle trade was not tested today with just a few scattered bids
noted in parts of the North. Some showlists were priced around $162 in the
South and $260-plus in the North. Buying interest is expected to increase on
Thursday or Friday. According to the closing report, the Iowa hog base closed
$0.21 lower compared with the Prior Day settlement ($56.50-$68.25, weighted
average $67.55). Corn futures closed lower, down 8 in the March and down 8 1/4
in the May.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN

Leave a Reply

Name and Email Address are required fields. Your email will not be published or shared with third parties.

Sunbelt Ag News

    U.S. Energy: Market Balances Seen in Changing Futures Price Spreads1-29

    Gasoline Prices: Average Declines Again1-29

    Propane Stocks: Down 1.9M Barrels1-29

    Diesel Prices: Average Drops 7 Cents1-29

    DTN Livestock Open: Futures to Start with Mixed Prices1-29

    DTN Grain Open: Markets Start on Defensive1-29

    Keith Good: Farm Banks See Spike in Demand for Loans, Survey Finds1-29

    North Carolina: Feb. 4 Meeting Looks At Crop Mix, Marketing Decisions For 20151-28

    Grain TV: Strong Ethanol Production on DDG Sales1-28

    DTN Livestock Close: Cattle Futures Find Support1-28

    Doane Cotton Close: Defies Negative Outside Markets1-28

    Biodiesel: Policy Incentives Necessary for Profitability1-28

    AgFax Peanut Review: Georgia Young Peanut Farmer Award; Possible Cure Found for Allergies1-28

    DTN Cotton Close: More Good Than Bad1-28

    DTN Fertilizer Trends: Fewer Pre-Purchases Than Normal1-28

    Ag Lenders’ Sentiment – Latest National Survey From K-State – (Audio)1-28

    Drones – The Next Big Tool in Agriculture1-28

    DTN Livestock Midday: Lean Hog Futures Surge Higher1-28

    DTN Grain Midday: Wheat Leads Trade Lower1-28

    AgFax Rice Review: Govt. Action Requested Over Iraq Trade; Japan May Increase U.S. Imports1-28

    Oklahoma: Seramas — Little Chickens Source of Big Fun1-28

    Ag Fuel Costs Likely to Dip, Chemicals to Rise in 2015 — DTN1-28

    Seed Companies Expected to Hold Line on Price Increases — DTN1-28

    DTN Cotton Open: Futures Begin Slightly Lower1-28

    Soybeans: Higher Protein Levels Mean Better Quality, Better Prices – DTN1-27

    Crop Insurance: Most Corn Farmers Opting for PLC – DTN1-27

    AFB Grain-Soybean Close: Strong Dollar Continues to Weigh Down Prices1-27

    AFB Cotton Close: Futures Continue Recovery1-27

    AFB Rice Close: Prices Swing Higher1-27

    Soybean Rust Turns Up In Louisiana On Kudzu1-27

    Florida: AgSave Summit Meetings, Feb. 231-27

    Crop Insurance: Difference in Expected Program Payments1-27

    Feral Hogs: North Carolina Hunter Scores Record Kill1-27

    Soybeans: East Coast Winter Weather Is No Match for Biodiesel1-27

    Cotton: Industry Recognizes Utah Researcher For Cotton Genome Efforts1-27

    Reviewing the Pace of Corn and Soybean Exports1-27

    Crop Insurance: Costs, Other Issues Turning Growers Off to SCO — DTN1-27

    Attention Weed Zombies – There’s a Robot Killin’ Machine in Your Future1-26

    Mid-South Ag, Environmental Law Conference, Memphis, April 171-26

    Louisiana Soybeans Lead Nation in Average Yields1-26

    Wilbur-Ellis Shifts Operation from California to Colorado1-26

    Farming: Singing About It1-26

    Livestock: Genomic Testing Makes Young Bulls a Safer Buy – DTN1-26

    Trucking Industry Faces Critical Shortage of Drivers — DTN1-26

    USDA Clears Way for BASF’s Herbicide Engenia1-26

    FMC, Emerge Application Solutions Collaborate on 3Rive 3D Technology1-26

    DTN Fertilizer Outlook: Slow Demand Holds Prices Down1-26

    Flint on Crops: Can I Grow Conventional Cotton Profitably?1-26

    California Almonds: Dormant Sprays Not Reducing Lower Limb Dieback1-25

    Shurley On Cotton: NCC Planting Intentions Could Sway Market1-25

    Rose On Cotton: Profitability In ’15? The “Ifs” Must Line Up Right.1-24

    Rice Market: Seen a Soybean Rally Lately? Some Farmers Look for Alternative Crop.1-23

    Corn: Resistant Rootworm Webinars Discuss Strategies1-23

    Cleveland on Cotton: World Plantings Need Reduction. How Much?1-23

    Farmland Values Could Stay High with Investor Interest – DTN1-23

    Livestock Manure Management Could Face Stricter Regulations – DTN1-23

    Soybeans: Tighten Belts to Survive Market Downturn – DTN1-23

    Texas Ag Forum, Austin, Feb. 201-23

    Welch on Wheat: Conditions Deteriorating but Still Mostly Positive1-23

    Louisiana Rice: Stored Insect Pest Management Workshop, Crowley, Feb. 251-23

    USDA: Peanut Price Highlights1-23

    Welch on Grain: Corn Export Sales Hit Marketing Year High1-23

    John Deere Indefinitely Lays Off 910 In Ag Assembly Plants1-23

    Mississippi Outdoors: Winter a Good Time for Fish Habitat Improvements1-23

    U.S. Grain Transportation: Corn, Wheat Inspections Increase Markedly1-23

    Sunbelt Ag Events

     

    About Us

    AgFax.Com covers agricultural trends and production topics, with an emphasis on news about cotton, rice, peanuts, corn, soybeans, wheat and tree crops, including almonds, pecans, walnuts and pistachios.

      

    This site also serves as the on-line presence of electronic crop and pest reports published by AgFax Media LLC (formerly Looking South Communications).

        

    Click here to subscribe to our free reports.

      

    We provide early warnings and confirmations about pests, diseases and other factors that influence yield. Our goal is to quickly provide farmers and crop advisors with information needed to make better and more profitable decisions.

         

    Our free weekly crop and pest advisories include:

    • AgFax Midsouth Cotton, covering cotton production and news in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and Missouri.

    • AgFax Southeast Cotton, covering cotton production and news in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia.

    • AgFax Southwest Cotton (new for 2013!), covering cotton production and news in Texas, Oklahoma, Kansas and New Mexico.

    • AgFax West (formerly MiteFax: SJV Cotton), covering California cotton, alfalfa, tomatoes and other non-permanent crops in California's Central Valley.

    • AgFax Rice covering rice production and news in Arkansas, Louisiana, Mississippi, Missouri and Texas.

    • AgFax Peanuts, covering peanut production in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Texas and Virginia.

    • AgFax Southern Grain: covering soybeans, corn, milo and small grains in Southern states.

    • AgFax Almonds, covering almonds, pistachios, walnuts and other tree crops in California's Central Valley.

    • AgCom 101, providing guidance to ag professionals involved in social media.

    Our newsletters are sponsored by the following companies: FMC Corporation Chemtura Dow AgroSciences.

          

    Mission statement:

    Make it as easy as possible for our community of readers to find and/or receive needed information.

              

    Contact Information:

    AgFax Media. LLC

    142 Westlake Drive Brandon, MS 39047

    601-992-9488 Office 601-992-3503 Fax

    Owen Taylor Debra L. Ferguson Laurie Courtney

          

    Circulation Questions?

    Contact Laurie Courtney