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Market Snapshot

Cash Cattle Trend:

                            7/16/2018

Live and feeder contracts closed sharply higher Monday, supported by large cash premiums and aggressive sort covering. Lean hog issues settled lower with fourth quarter prices losing more ground to nearbys and far deferreds.

Fed Steers Live


 -2 to 4  109 - 111
Dressed Basis
-5 to 7  173 - 175

>> More Livestock Cash & Futures Markets 

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

                                        7/16/2018

November soybeans gained 11 1/2 cents Monday while September K.C. wheat was down 8 1/2 cents in a quiet day of trading that also saw December corn inch up a half-cent. NOPA's soybean crush estimate of 159.2 million bushels for June was up 15% from a year ago.

Local 12% Winter
-7 to 8 444 - 504
Local 14% Spring
-3 458 - 534

>> 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

    

Superior Livestock  - 7/9-13 

400-499 lb Steer Calves
193 - 225
500-599 lb Steer Calves
 172 - 185
600-699 lb Steers
166 - 174
700-799 lb Steers
      161 - 163

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