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Market Snapshot

Cash Cattle Trend:

                            5/18/2018

The cash cattle market was not tested Friday following sharply lower business on Tuesday through Thursday. For the week, live prices slumped as much as $10 to $12 lower than last week.

 Fed Steers Live


 -6 to 8 112 - 117
Dressed Basis
-7 to 10 176 - 188

>> 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

                                        5/18/2018

Winter wheat looks to be in a normal weather market at this time, with a strong rally on Friday characteristic of such a situation. If it rains over the weekend -- particularly across the parched U.S. Southern Plains -- sharp losses could be seen Monday. If it doesn't rain, or rain is less than expected, look for solid follow-through buying when markets open Sunday.

Local 12% Winter
  +4 to 5 499 - 554
Local 14% Spring
  +2 to 4 580 - 639

>> More Grain Cash & Futures - 

All three grains closed lower Thursday as mild summer temperatures blanketed the Midwest with another day of good growing weather


Featured Auction

    

PAYS, MT - 5/16   5,208 head

5-600 lb Steers
177 - 185
6-700 lb Steers
 157 - 175
7-800 lb Steers
141 - 149
Heifer Pairs
       1850 - 2000

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