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.





    Tags: , , , , ,

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 Your email will not be published or shared with third parties.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

      Rose on Cotton: July Was Bad and It’s an Oversold Market08-01

      Southern Grain: Enough Insects; Corn Harvest; Sugarcane Aphids – AgFax08-01

      Rice Harvest Eases Into Gear In Southern Belt – AgFax08-01

      Cotton in MidSouth: Plant Bugs Persist, Aphids Problematic -AgFax08-01

      Southern Soybeans – Insects Picking Up In Places – AgFax08-01

      This Week in U.S. Rice: Cooler Nights Helping the Crop08-01

      Peanuts: “Wormy” Year Continues In SE; Crop In West Looks Nice – AgFax08-01

      Rice Market Update: Sideways and Down by Week’s End08-01

      DTN Livestock Close: Cattle Futures Significanly Lower Despite Cash Premiums08-01

      Grain TV: Weather Forecast Drives Corn, Beans Lower08-01

      Missouri Rice: Wintersteiger Delta Plot Combine Comes to the Bootheel08-01

      Corn and Soybeans: Expected Price Distributions for 201408-01

      Weekly Cotton Market Review: Regional Summaries08-01

      Arkansas Rice Expo Draws 1K People for Farming, Family, and Food08-01

      AFB Grain-Soybean Close: Corn, Soybeans Fall, Wheat Mostly Higher08-01

      AFB Cotton Close: Oversold Market Ekes Modest Gains08-01

      AFB Rice Close: Futures Testing Support08-01

      USDA: Peanut Price Highlights08-01

      DTN Cotton Close: Rallies from New Low to Close Higher08-01

      DTN Grain Close: Rain Anticipation Sends Corn, Beans Lower08-01

      DTN Livestock Midday: Triple-Digit Losses Swamp Cattle Pits08-01

      Corn: Are 2 Ears Better Than 1? That is the Question — DTN08-01

      DTN Grain Midday: Soybeans 18 to 22 Lower08-01

      DTN Cotton Open: Falls to Another New Contract Low08-01

      DTN Livestock Open: Pressure Likely in Cattle Futures08-01