Call for Corn Bids

Graettinger, IA

Lee Carpenter

(712) 859-3663 Ext. 202

Lake Mills, WI

Pete Wollin

(920)648-2377 Ext. 18




Thursday, August 22, 2019  
Weather |  Futures |  Futures Markets |  Market News |  Headline News |  DTN Ag Headlines |  Charts |  Portfolio |  Options |  Corn News |  Soybeans News 
About Us
Delayed Futures
Discount Schedule
Local Grainbids
USDA Reports
Daily Commentary
Admin Login
Cash Bids
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Opening Livestock       08/22 06:05
   Follow-Through Cattle Support Expected

   Limited but firm support is likely to redevelop in cattle futures as traders
attempt to slowly but steadily move back into the oversold market structure.
Hog futures are expected generally weak following aggressive losses Wednesday.

By Rick Kment
DTN Analyst

Cattle: Steady to Higher   Futures: Higher   Live Equiv: $154.99 +0.37*
Hogs:   Lower              Futures: Mixed    Lean Equiv: $ 86.10 -2.67**

*   based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue


   Cash cattle activity through the rest of the week will become a larger focus
of the market as packer bids have been generally quiet through the first half
of the week. A few cattle were sold in the South at $105 to $107 and $172 to
$175 in the North Wednesday afternoon, but this is not enough movement to
establish any sense of market trend at this point. Packer interest is expected
to improve through the day, although active trade may be delayed until sometime
Friday, and potentially after the Cattle on Feed report Friday afternoon.
Asking prices remain at $108 in the South and $178 in the North. Futures trade
is expected to open steady to higher with limited but supportive follow-through
buying moving into the complex. The ability to add consistent but firm support
to the weak market complex continues to add uncertainty to the entire complex
as traders focus on trying to rebuild following last week's losses and
establishing fundamental and technical support through the end of the week.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN