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Cattle

Choice Fed Steers-3109 - 112
As of 8/10/18          

(top) 113
Dressed Basis 
-3173 - 179
As of 8/10/18 

Boxed Beef Cutout +0.31209.95
139 loads 
Wed PM

Hogs

Western Cornbelt-0.6442.07
Iowa Lean Average-0.41

42.33

Sheep/Goats

Finished Lambs (Billings, MT 8/13)Hair Sheep121 - 129
70-90 lb Feeder Lambs (Billings, MT 8/13)-3140 - 151
90-100 lb Feeder Lambs (Billings, MT 8/13)Steady136 - 145.50
Sl. Ewes (Billings, MT 8/13)Higher47 - 54
-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:

8/15/18 3:00 PM

DTN reports:

Lean hog issues settled moderately higher, supported by cash premiums and midweek short-covering. While finishing in the green, advances in the cattle complex were somewhat tamer than those scored by lean hog futures.

LIVE CATTLE:

The good news here was that live issues closed 22 to 37 points higher. The bad news was that session highs could not sustain much of a grip with most contracts settling 60-70 under highs of the day. Such caution tells us that many traders remain skeptical of late-summer fundamentals. Beef cut-outs: mixed, up $0.31 (choice: $209.95) to off $0.66 (select: $200.61) with light-to-moderate demand and moderate-to-heavy offerings (59 loads of choice cuts, 51 loads of select cuts, 12 loads of trimmings, 17 loads of ground beef).

THURSDAY'S CASH CATTLE CALL:

Steady. Feedlot activity could improve Thursday, yet the country has certainly developed a bad habit this summer of delaying business until Friday.

FEEDER CATTLE:

Feeder bears took a breather Wednesday, allowing contracts to float 12 to 87 lower. The premium status of the cash index was supportive, as was the cooling of the corn trade. CME feeder index 08/14: $150.34, off $0.30.

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