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  8. Texas: Cotton Fiber Quality Conference, Lubbock, Aug. 4

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

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

    August 18 @ 8:00 am - August 19 @ 5:00 pm
  14. Kansas: Water Management Field Day, Colby, Aug. 23

    August 23 @ 8:00 am - 5:00 pm
  15. Louisiana: Sweet Potato Field Day, Chase, Aug. 31

    August 31 @ 8:00 am - 5:00 pm
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    December 6 @ 8:00 am - December 8 @ 5:00 pm

DTN Livestock Close: Late Profit-Taking in Cattle

Ernst Undesser
By John Harrington DTN Livestock Analyst February 26, 2016

DTN Livestock Close: Late Profit-Taking in Cattle

The cattle complex closed mixed thanks to cash firmness and late profit-taking. On the other hand, lean hog futures settled mostly higher with deferreds gaining significantly on nearbys.

 

 GENERAL COMMENTS:

From Friday to Friday livestock futures scored the following Changes: Feb LC, Up $2.18; Apr LC, Up $3.05; Mar FC, Up $2.78; May FC, Up $4.45, Apr LH, Up $1.95 May LH, Up $1.67. The cash cattle trade remained slow in developing this afternoon. Some dressed deals have surfaced in parts of the North at $212 to $214, $2 to $4 higher than last week.

Many feedlots continue to hold out for $215 or better. The Southern market remains at a standstill, although late bids have now improved to $136, still $2 below higher asking prices. According to the closing report, the Iowa hog base is $2.06 lower compared with the Prior Day settlement ($58.00-64.00, weighted average $64.36).

Corn futures closed lower, down 1 cent in the May and down 1 1/2 cents in the December.

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Ernst Undesser
By John Harrington DTN Livestock Analyst February 26, 2016