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What the Hay?!

Relax. Talk of an “aporkalypse” is premature

2/3/2017 2:40:00 PM
A recent rash of headlines in the media suggesting the nation is facing a bacon shortage are misleading. >> Read More
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Market Snapshot

Cash Cattle Trend:

                         2/24/2017

While a few clean-up cash deals are possible in feedlot country before the weekend break, our guess is that the lion's share of business is completed. Feedlot managers will be eager to price new showlists higher. The Feb. 1 Cattle on Feed report will be released Friday afternoon. Private expectations call for placement and marketing to both be about 10% larger than last week and for total on feed to be about unchanged.
Live Basis
120- 125
Dressed Basis
190 - 196

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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

                                      2/24/2017

Winter wheat contracts were lower early Friday as traders take a wait and see approach to sub-freezing temperatures across parts of the U.S. Southern Plains (HRW) and Midwest (SRW) growing areas. Some of last week's spike rally was likely tied to initial forecasts of this change in temperatures, following spring like marks that coaxed much of the crop out of winter dormancy.

Local 12% Winter
+6  362 - 448
Local 14% Spring
+3  472 - 538

>> More Grain Cash & Futures - 

All three grains closed lower Thursday as mild summer temperatures blanketed the Midwest with another day of good growing weather. 

Featured Auction

     

 

Torrington Livestock 2/23  4,416 head

5-600 lb Steers
149 - 180
6-700 lb Steers
138 - 158
7-800 lb Steers
131 - 146
 

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