Another round of light, lower direct cattle trade

Chicago Mercantile Exchange live cattle futures were mostly lower, watching direct trade develop, while feeders were up on oversold signals and the mostly lower move in corn. October live cattle were down $.97 at $174.62 and December $.82 lower at $174.27. September feeders were $1.17 higher at $235.67 and October was up $.35 at $231.67.…… Continue Reading

Soybeans manage modestly higher finish

Soybeans were modestly higher on short covering and technical buying, with most months near the high end of the day’s range. Near-term forecasts are warmer, and drier for parts of the region, potentially causing stress. A major crop tour has shown some variability in pod counts, but at this stage, the trade is still anticipating…… Continue Reading

Illinois Congressman wants permanent lock & dam funding

A member of the House Ag Committee says the U.S. government needs to ensure dedicated annual funding for the inland waterway system.         Eric Sorenson, who represents Illinois’ 17th district, tells Brownfield… “I want to see this as part of the President’s budget.”  He says, “We’ve got to make sure that we understand that the lock…… Continue Reading

Closing Grain and Livestock Futures: August 21, 2024

Sep. corn closed at $3.75 and 1/2, up 1/2 centSep. soybeans closed at $9.63, up 5 and 3/4 centsSep. soybean meal closed at $312.50, up 20 centsSep. soybean oil closed at 41.00, up 29 pointsSep. wheat closed at $5.19 and 3/4, down 13 and 1/4 centsOct. live cattle closed at $174.62, down 97 centsSep. feeder…… Continue Reading

Broiler sets, placement hold higher trend

Domestic broiler sets and placement were up on the year last week. The USDA says 248.86 million broiler-type eggs were placed into incubation, climbing 658,000 from the previous week and moving 4% above a year ago, with the average hatchability rate holding at 79.5%. 192.825 million broiler-type chickens entered meat production, 395,000 less than the…… Continue Reading

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