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Cattle

Choice Fed SteersSteady109 - 111
As of 10/11/18          


Dressed Basis 
-1 to -2173 - 174
As of 10/11/18 

Boxed Beef Cutout +2.09204.80
94 loads 
Mon PM

Hogs

Western Cornbelt-0.6459.96
Iowa Lean Average-0.67

59.98

Sheep/Goats

Sl. Lambs (Sioux Falls, SD 10/10)+1 to 3127 - 134
60-80 lb Feeder Lambs (Newell, SD 10/11)+6 to 10159 - 209
80-100 lb Feeder Lambs (Newell, SD 10/11+6 to 10146 - 164
100-120 lb Feeder Lambs (Newell, SD 10/11+6 to 10111 - 134
Sl. Ewes (Newell, SD 10/11Steady40 - 47
-2 to 5
-2 to 5
+20 to 30

Livestock Market News

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Market Commentary

Market Commentary from the Northern Ag Network:

10/15/18 3:15 PM

DTN reports:

Strong late-day buyer support moved into live cattle futures, which helped to offset active pressure seen through most of the session. Triple-digit gains in hog futures are helping to spark renewed underlying trade activity.

LIVE CATTLE:

Market uncertainty limited trade activity Monday morning, but this was replaced by active buyer support later in the day, pushing live cattle futures $0.65 to $1.80 higher. The December contract led the surge higher with a $1.80-per-cwt rally. The renewed support is still a long way from offsetting previous pressure, but continued support over the next couple of days could dispel concerns of additional weakness through the end of the month. Beef cut-outs: mixed, down $0.39 (select, $191.89) to up $2.09 (choice, $204.80) with light-to-moderate demand and offerings 94 loads (62 loads of choice cuts, 22 loads of select cuts, no load of trimmings, 9 loads of coarse grinds).


TUESDAY'S CASH CATTLE CALL:

Steady. Activity Tuesday is expected to remain at a standstill with asking prices and bids unlikely until late Tuesday or well into midweek.


FEEDER CATTLE:

Following strong early pressure, feeder cattle futures rebounded late Monday, closing $0.40 to $1.05 higher. The sharp losses seen early Monday morning were due to traders focusing on renewed aggressive buying support in grains. But once firm commercial buyer support started to redevelop in the live cattle trade, traders quickly changed direction in all feeder cattle contracts. CME cash feeder index for 10/12 is $156.26, down $1.24.

Strong price support has quickly moved into livestock trade despite a sluggish start. The aggressive price move across the complex has been led by triple digit moves in feeder cattle markets, moving above $131 per cwt in nearby contracts
Live and feeder futures exploded higher with most months settling at new contract highs. Lean hog issues closed lower, pressured by long liquidation and the reassertion of cattle/hog spreads.
Sellers of hog futures finally took a breather at midweek, allowing contracts to settle mostly 30 to 112 higher. The cattle complex settled modestly higher, supported by light short-covering and profit-taking.
Sellers of hog futures finally took a breather at midweek, allowing contracts to settle mostly 30 to 112 higher. The cattle complex settled modestly higher, supported by light short-covering and profit-taking.
Sellers of hog futures finally took a breather at midweek, allowing contracts to settle mostly 30 to 112 higher. The cattle complex settled modestly higher, supported by light short-covering and profit-taking.
Lean hog futures closed lower with nearby contracts suffering triple-digit losses. The cattle complex closed substantially higher, supported by greater packer spending in the country and technical-buying.
Triple-digit losses quickly develop across the livestock complex late Thursday following a bounce in grain markets. Cash cattle trade has moved higher as packers have returned to the market as they look to fulfill procurement needs for next week at higher price levels.
Live and feeder cattle futures closed sharply lower, hammered by a combination of long-liquidation and technical selling. On the other hand, lean hog issues settled solidly higher with nearbys gaining on deferreds.
Live and feeder cattle futures closed sharply lower, hammered by a combination of long-liquidation and technical selling. On the other hand, lean hog issues settled solidly higher with nearbys gaining on deferreds.
Live and feeder cattle futures closed sharply lower, hammered by a combination of long-liquidation and technical selling. On the other hand, lean hog issues settled solidly higher with nearbys gaining on deferreds.
Follow-through pressure in feeder cattle futures quickly developed across the complex. Most cattle markets saw triple-digit losses as traders focused on additional liquidation. Hog trade also saw strong price pressure, focusing on uncertain fundamental shifts.
Follow-through pressure in feeder cattle futures quickly developed across the complex. Most cattle markets saw triple-digit losses as traders focused on additional liquidation. Hog trade also saw strong price pressure, focusing on uncertain fundamental shifts.



Lean hog futures closed widely mixed in the wake of the June 1 Hogs and Pigs report with nearby issues higher and deferred contracts significantly lower. The cattle complex finished the week sharply higher for the most part, supported by aggressive short-covering and technical-buying.

Livestock Futures