Markets

Soy, cotton futures led the ag markets Wednesday morning

Continued talk of accelerated plantings is depressing corn futures. Although surging soy prices are likely supporting the corn market, forecasts for persistent short-term dryness have persuaded traders that Midwest plantings will accelerated during the days ahead. FULL STORY »

Corn procurement strategies for cattle feeders

Last fall's record-large 13.925 billion bushel corn crop drove prices down and helped restore profitability and optimism to the cattle feeding sector at the beginning of the year. FULL STORY »

Wholesale Prices Peak

The wholesale beef market enjoyed an extraordinary first quarter this year. The comprehensive boxed beef cutout (averaging wholesale prices for Choice, Select, Branded and other categories of beef) gained a little over 18 percent between the first of the year and the end of March. FULL STORY »

After Japan beef deal, Australia eyes cattle sales to China

Hot on the back of winning lower tariffs for beef exports from its largest buyer Japan, Australia is setting its sights on winning another major prize for its beef industry by persuading China to open its market to live cattle sales. FULL STORY »

Schwieterman: Live cattle futures settle lower

Live cattle futures settled lower on Tuesday, with the most pressure seen in the 3rd quarter contracts. This weeks’ cash will likely remain untapped until the last couple of days of the week. We hear that northern numbers are short enough that we could continue to see Kansas cattle moving that direction. FULL STORY »

Texas to Mexico Daily Livestock Exports

AL_LS600 Las Cruces, NM Wed Apr 16, 2014 USDA Market News Texas to Mexico Daily Livestock Exports FULL STORY »

5 Area Daily Wtd Avg Direct Slaughter Cattle - Negotiated

LM_CT100 St Joseph, MO Wed Apr 16, 2014 USDA Market News Service 5 AREA DAILY WEIGHTED AVERAGE DIRECT SLAUGHTER CATTLE - NEGOTIATED Texas/Oklahoma/New Mexico; Kansas; Nebraska; Colorado; Iowa/Minnesota feedlots (Includes all transactions regardless of delivery day) Recap for: Tuesday, 4/15 FULL STORY »

Soy, wheat markets surged Tuesday

Spillover strength supported corn futures Tuesday. The latest forecasts point to cool mid-April temperatures, but they also imply a stretch of dryness. FULL STORY »

Corn consumption continues to exceed projections

The USDA's WASDE report released on April 9 projected corn stocks at the end of the current marketing year at 1.331 billion bushels. The projection of year ending stocks has declined for five consecutive months and is now 556 million bushels smaller than the November 2013 projection. FULL STORY »

Ukraine-Russia situation apparently boosted wheat futures again

Dry forecasts reportedly weighed on corn futures Tuesday morning. Although the latest forecasts point to cool mid-April temperatures, they also imply a stretch of dryness. FULL STORY »

Monday Market Sentiment: Cash cattle prices decline

Cash cattle prices declined slightly from the previous week, moving the 5-area cash cattle price down $0.38 to $149.38. FULL STORY »

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