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What the Hay?!

Little Sheep Shearing Crew in Training

2/5/2016 11:49:00 AM

This little sheep shearing crew is working out the basics!

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Market Snapshot

Cattle Cash Trend


The cattle complex settled higher with the live market outperforming the feeder trade. 
Live Basis
128 - 138
Dressed Basis
208 - 213

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The cattle complex closed with decent progress, rebounding from Friday's sell-off with the help of short-covering and the premium status of the cash market.
Lack of direction in livestock futures developed through the complex Tuesday

Wheat Cash Trend


Wheat finished higher with help from commercial buying and a 1.7% drop in the U.S. dollar.

Local 12% Winter
394 - 453
Local 14% Spring
446 - 510

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Featured Auction


Miles City Livestock          Miles City, MT

4-500 lb Steers
204 - 230
5-600 lb Steers
 175 - 197
6-700 lb Steers
156 - 171

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