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Market Snapshot

Cash Cattle Trend:

                            12/11/2018

Aggressive buyer support quickly flooded into feeder cattle futures Tuesday, sparking triple-digit gains in all contracts and expanded recent gains off of short-term lows. Follow-through buying developed across the livestock complex through the session.

Fed Steers Live 


 +1 to 2 117 - 119
Dressed Basis 
   +2 185 - 187

>> More Livestock Cash & Futures Markets 

Feeder Cattle Futures late Monday morning rallied higher with October contracts posting gains near $3 per cwt in reaction to buyers stepping back into the complex

Wheat Cash Trend

                                        12/11/2018

USDA's WASDE report for December has come and gone, leaving January soybeans a little higher, March winter wheat contracts a little lower and March corn up less than a cent. Outside markets were mixed, but copper and crude oil were both higher.

Local 12% Winter
-3 to 6 480 - 546
Local 14% Spring
Steady 505 - 577

>> More Grain Cash & Futures - 

All three grains closed lower Thursday as mild summer temperatures blanketed the Midwest with another day of good growing weather
July soybeans fell another 21 3/4 cents Friday after President Trump approved roughly $50 billion of new tariffs against Chinese goods -- a move that may lead to retaliatory tariffs on U.S. soybeans as well as other goods. Corn and wheat ended the bearish week with small losses on Friday, while gold and crude oil saw sharp drops.

Featured Auction

    

St. Onge Livestock - 11/16

4-500 lb Steers
167 - 190.50
5-600 lb Steers
 154 - 181
6-700 lb Steers
145.50 - 165
7-800 lb Steers
141 - 143.50

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