Call for Corn Bids

Graettinger, IA

Lee Carpenter

(712) 859-3663 Ext. 202

Lake Mills, WI

Pete Wollin

(920)648-2377 Ext. 18

    

 

 

Monday, May 20, 2019  
 
Weather |  Futures |  Futures Markets |  Market News |  Headline News |  DTN Ag Headlines |  Charts |  Portfolio |  Options |  Corn News |  Soybeans News 
Home
About Us
Login/Register
Delayed Futures
Discount Schedule
Local Grainbids
Newsletters
USDA Reports
Calendar
LDP
Daily Commentary
Feedback
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       05/20 06:36
   Limited Volume Focuses on Beef Demand

   Light trade is expected early Monday with traders in the beef complex
focusing on additional potential trade in the Japan market following last
week's announcements of full access for beef exports.

By Rick Kment
DTN Analyst



Cattle: Steady   Futures: Higher   Live Equiv: $144.07 +0.38*
Hogs:   Steady   Futures: Mixed    Lean Equiv: $ 90.28 -0.86**

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

GENERAL COMMENTS:

   Cash cattle activity is expected to remain sluggish Monday with limited
direction following the underlying pressure that has developed the last couple
of weeks. Showlists and inventory taking are likely to be the extent of any
market interest through the day Monday, but the recent trend toward midweek
sales activity is likely to spark increased interest earlier in the week. The
recent rally in cattle futures should help to add some stability to the cash
complex, but traders still remain uncertain given the impact on the trade war
with China on the overall economy. Futures are expected to continue higher
following the late-week rally. The announcement last week that Japan had
dropped age restrictions on beef exports is expected to help support overall
beef exports to Japan. Continued expectations of further domestic demand
support and firm trader interest returning to the live cattle complex may help
to shift prices off of recent lows.
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