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Market Snapshot

Cash Cattle Trend:

                            2/15/2019

Lean hog futures settled mostly higher Friday as traders adjusted positions before exiting the market for the long weekend. Meanwhile, feeder cattle futures saw sharp losses.

Fed Steers Live 


 Steady 125
Dressed Basis 
Steady 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

                                        2/15/2019

A combination of fund and technical selling following Thursday's sharply lower close, a firm U.S. dollar, and weakening European and Russian wheat values have combined to send wheat lower again Friday, with Kansas City reaching new contract lows. Corn and soybeans in dull trade finished little changed and just above the uptrend line. Positive news from China trade talks was tempered as that discussion continues next week in the U.S.


Local 12% Winter
-5 456 - 528
Local 14% Spring
Steady to -2 492 - 560

>> 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

    

Torrington Livestock - 2/13

4-500 lb Steers
189 - 225
5-600 lb Steers
174 - 202
6-700 lb Steers
173 - 180
7-800 lb Steers
153 - 165

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