Markets

Markets

Feeder Cattle Review: Demand remains best on calves that will go to grass

Compared to last week, calves traded unevenly steady and mostly within a range of 5.00 lower to 5.00 higher. Yearlings sold mostly steady to 5.00 lower. Support was found in auction markets especially on 500-600 lb long time weaned calves and light yearlings with condition that will allow them to perform well in a feedlot, growing yard or on pasture.

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Credit demand rises in U.S. farm economy as incomes fall

Demand for bank loans, loan extensions and renewals is surging among U.S. farmers, and farm incomes are forecast to fall for a third year, as grain and livestock prices remain stubbornly low, according to reports from Federal Reserve Banks on Thursday.

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