Direct cattle bids start to surface

Chicago Mercantile Exchange live cattle futures were mixed, getting ready for the week’s direct business, and feeders were up on the lower corn. December live was down $.37 at $184.02 and February was $.05 lower at $186.07. January feeders were up $.07 at $243.65 and March was $.47 higher at $242.20. Direct cash cattle markets…… Continue Reading

Closing Grain and Livestock Futures: November 13, 2024

Dec. corn closed at $4.26 and 1/2, down 2 centsJan. soybeans closed at $10.07 and 3/4, down 2 and 3/4 centsDec. soybean meal closed at $291.60, down $1.30Dec. soybean oil closed at 45.18, down 105 pointsDec. wheat closed at $5.41, down 11 and 1/4 centsDec. live cattle closed at $184.02, down 37 centsJan. feeder cattle…… Continue Reading

Downward drift continues for soybeans, corn, wheat

Soybeans were lower on fund and technical selling. The U.S. harvest should wrap up this week and South American planting has advanced thanks to recent rain. Parts of the soybean growing areas of that continent could see a drier near-term pattern, but overall, conditions continue to look favorable after the recent improvement in precipitation. CONAB’s…… Continue Reading

2024 broiler sets, placements stay ahead of 2023

Broiler sets and placements were down on the week, up on the year. The USDA says 238.612 million broiler-type eggs were in incubation at the end of last week, a drop of 2.962 million on the week, but up 1% on the year, with average hatchability dipping slightly, while still holding just above 79%. 186.49…… Continue Reading

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