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Market Snapshot

Cash Cattle Trend:


Hog futures were under pressure again Thursday, leading to the evaporation of early week gains. Cattle futures closed higher in late-day buying as initial market pressure was not strong enough to hold off buyer interest that was based on expected cash market support.

Fed Steers Live 

 Steady to +1 124-125
Dressed Basis 
+2 200

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Feeder Cattle Futures late Monday morning rallied higher with October contracts posting gains near $3 per cwt in reaction to buyers stepping back into the complex

Wheat Cash Trend


Following an avalanche of bearish reports, the grain and soy markets plunged on Thursday. While poor retail sales and U.S. government budget deficit news sent the stock markets lower initially, it was Strategie Grains' bearish assessment of EU cereal production for 2019020, and delayed, very poor U.S. ag export sales from the week of January 3 that sent all three major ag markets sharply lower.

Local 12% Winter
-11 to 13 461 - 533
Local 14% Spring
-5 493 - 561

>> More Grain Cash & Futures - 

All three grains closed lower Thursday as mild summer temperatures blanketed the Midwest with another day of good growing weather
July soybeans fell another 21 3/4 cents Friday after President Trump approved roughly $50 billion of new tariffs against Chinese goods -- a move that may lead to retaliatory tariffs on U.S. soybeans as well as other goods. Corn and wheat ended the bearish week with small losses on Friday, while gold and crude oil saw sharp drops.

Featured Auction


PAYS Blue Ribbon II Sale - 2/5

Bred Heifers
1350 - 1600
3-4 Yr Old Cows
1475 - 1750
5-6 Yr Old Cows
1295 - 1675
Middle Aged
1160 - 1325

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