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Markets

Commodity markets moved mostly higher Thursday morning

Corn futures backed away from early highs. Surging equity markets reflect renewed optimism about the global economic & political outlook, which in turn seems bullish for grain demand prospects. Corn futures rallied significantly in early morning action, but have slumped a bit in the wake of the mediocre result on the weekly USDA Export Sales report. March corn futures rose 2.5 cents at $4.1075/bushel late Thursday morning, while July added 2.5 to $4.2575.

Markets

Buying bulls by the numbers

Beef producers will have an opportunity to participate in bull-buying workshops at four locations in North Dakota during January.

Markets

Kentucky beef cattle market update

As I write this in mid-December, feeder cattle markets have fallen significantly from one month ago. Corn prices have increased during this time, while fed cattle futures have softened.

Markets

A time for reflection

The holiday season is upon us as Christmas and New Years are rapidly approaching. While many of us can get caught up in holiday get-togethers and shopping for a perfect gift for that special someone, it is important that we remember the real reason for the Christmas and celebrate it in a manner appropriate for your family and beliefs.

Markets

Wheat is again leading the crop markets higher

Renewed economic optimism is boosting most markets. Concern about the global economic & political situation and underlying demand has weighed on corn futures lately. However, yellow grain prices rallied in early trading as the energy and equity sectors led markets higher. Surging wheat futures likely contributed to the corn gains. March corn futures rallied 5.25 cents at $4.135/bushel Wednesday night, while July added 5.25 to $4.285.

Markets

Feedlot margins in the red

Santa Claus won’t come for another week but cattle feeders received an early lump of coal as feedlot margins fell to negative $32.76 per head the week ending December 13, according to the latest Sterling Profit Tracker. This is the second-straight week of huge losses for cattle feeders, with feedlot margins dropping nearly $78 since early in the month. What’s more, since this time last month, feedlot margins have taken a $263.99 per head swing from the $231.23 per head profit at this time last month.

Markets

Wheat continued rising Wednesday morning, while livestock fell again

Corn futures stabilized Wednesday morning. Despite current concerns about the global economic & political situation, corn futures are pretty stable. News that China is lifting its ban on Syngenta’s Viptera GMO corn is probably providing persistent support, since their ban greatly diminished U.S. corn & DDG exports early this year. The weekly EIA report looked supportive of ethanol industry demand. March corn futures inched 0.5 cent lower to $4.055/bushel late Wednesday morning, while July lost 0.5 to $4.205.

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