Agfax Buzz:
    June 12, 2014

    DTN Livestock Close: Overheated Cattle Futures Take a Break

    AgFax.Com - Your Online Ag News Source

    By John Harrington DTN Livestock Analyst

    Live and feeder cattle futures closed lower, pressured by profit taking and technical selling. Lean hog contracts settled mostly higher with deferred strength benefiting from bear spreading interest.

     GENERAL COMMENTS:

    The cash cattle trade was quiet at midday with scattered bids reported in the South at $142-$143. Asking prices remained firm at $147 in the South and $235-$236 in the North. According to the closing report, the Iowa hog base is $1.01 higher compared with the Prior Day settlement ($106.50-$116.50, weighted average $115.59). Corn futures closed generally 2-4 cents lower, checked by decent growing conditions and spillover selling from the bean and wheat market. The stock market fell hard Wednesday after the World Bank lowered its outlook for global growth. The Dow closed 106 points lower with the Nasdaq off 2.

     

     
    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 Your email will not be published or shared with third parties.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

      North Carolina: Feb. 4 Meeting Looks At Crop Mix, Marketing Decisions For 201501-28

      Grain TV: Strong Ethanol Production on DDG Sales01-28

      DTN Livestock Close: Cattle Futures Find Support01-28

      Doane Cotton Close: Defies Negative Outside Markets01-28

      Biodiesel: Policy Incentives Necessary for Profitability01-28

      AgFax Peanut Review: Georgia Young Peanut Farmer Award; Possible Cure Found for Allergies01-28

      DTN Cotton Close: More Good Than Bad01-28

      DTN Fertilizer Trends: Fewer Pre-Purchases Than Normal01-28

      Ag Lenders’ Sentiment – Latest National Survey From K-State – (Audio)01-28

      Drones – The Next Big Tool in Agriculture01-28

      DTN Livestock Midday: Lean Hog Futures Surge Higher01-28

      DTN Grain Midday: Wheat Leads Trade Lower01-28

      AgFax Rice Review: Govt. Action Requested Over Iraq Trade; Japan May Increase U.S. Imports01-28

      Oklahoma: Seramas — Little Chickens Source of Big Fun01-28

      Ag Fuel Costs Likely to Dip, Chemicals to Rise in 2015 — DTN01-28

      Seed Companies Expected to Hold Line on Price Increases — DTN01-28

      DTN Cotton Open: Futures Begin Slightly Lower01-28

      DTN Livestock Open: Cattle Pits Staged for Firm Start01-28

      DTN Grain Open: Lower Start Across Board01-28

      Keith Good: Pacific Trade Pact Close to Completion, Official Testifies01-28

      DTN Livestock Close: Cattle See Triple-Digit Gains01-27

      Soybeans: Higher Protein Levels Mean Better Quality, Better Prices – DTN01-27

      Doane Cotton Close: Prices Looking for Bottom01-27

      Crop Insurance: Most Corn Farmers Opting for PLC – DTN01-27