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Market Commentary from the Northern Ag Network:
3/28/2017 2:00 PM
Spot April sagged further on the close, adding another 30 points to Monday's sell-off. Yet the rest of the market managed to stage a moderate recovery (i.e., up 15 to 52) with the help of light short-covering and recent feedlot premiums. Beef cut-outs: moderately lower, off $0.34 (choice, $219.57) to $0.60 (select, $213.02) with light to moderate demand and offerings (53 loads of choice cuts, 24 loads of select cuts, 13 loads of trimmings, 31 loads of coarse grinds).
WEDESDAY'S CASH CATTLE CALL:
Steady to $2 higher. Cattle buying interest could start to take shape at midweek, but significant trade volume is likely to be delayed until Thursday or Friday.
Closing feeder futures ranged from 62 points higher to 15 lower. Generally speaking, the trade closed moderately higher in very light trade volume. CME cash feeder index: 03/27: $133.26 up $0.17.
Settlements on all Ag Futures and Options
Futures Quotes – Montana Market Manager – (AgriCharts)
Ag Center – Cattle Report
Livestock Marketing Information Center
Kansas State – AgManager.info
North Dakota State – Livestock Economics
University of Missouri – Farm Marketing