DTN reports: The livestock complex captured mixed to lower trends ahead of the Memorial Day Weekend. Heading into next week’s trade, seeing follow-through support from meat sales will be important …
Livestock Markets
Cattle
| Choice Fed Steers | Steady to -2 | 137 – 142 |
| As of 5/27/22 | Average: 140 | Top: 143 |
| Dressed Basis | -2 | 222 – 225 |
| As of 5/27/22 | Average: 224 | Top: 227 |
| Choice Boxed Beef Cutout | +1.45 | 265.42 106 Loads Fri PM |
Hogs
| Cash Hogs – Daily Weighted Average | ||
|---|---|---|
| Western Cornbelt | -1.23 | 114.25 |
| Iowa Lean Average | +2.27 | 113.07 |
Futures
| Choice Fed Steers | Steady to -2 | 137 – 142 |
| As of 5/27/22 | Average: 140 | Top: 143 |
| Dressed Basis | -2 | 222 – 225 |
| As of 5/27/22 | Average: 224 | Top: 227 |
| Choice Boxed Beef Cutout | +1.45 | 265.42 106 Loads Fri PM |
| Cash Hogs – Daily Weighted Average | ||
|---|---|---|
| Western Cornbelt | -1.23 | 114.25 |
| Iowa Lean Average | +2.27 | 113.07 |
Links to More Futures Prices
Settlements on all Ag Futures and OptionsFutures Quotes – Montana Market Manager – (AgriCharts)
Links to Market Analysis
Ag Center – Cattle ReportLivestock Marketing Information Center
Kansas State – AgManager.info
North Dakota State – Livestock Economics
University of Missouri – Farm Marketing
CattleFax
Livestock News
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WASHINGTON – Bureau of Land Management Director Tracy Stone-Manning announced that Montana native Errol Rice will join the agency as a senior policy advisor in support of the Bipartisan Infrastructure Law. …
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Senators Introduce Resolution to Investigate Anticompetitive Practices in Beef Industry
by Colter BrownOn Thursday, Senators Mike Rounds (R-SD) and Elizabeth Warren (D-MA) introduced a bipartisan resolution asking the Federal Trade Commission to investigate beef companies for potential price fixing. The resolution invokes a …
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In the past 10 years, the fed cattle price has declined 6% from the first week of May through the end of June. Under current conditions, this suggests a $135/cwt. …
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Wednesday morning, the House Agriculture Committee passed the Meat and Poultry Special Investigator Act, sending the bill to the House floor. The bill would create a new special investigator office …
