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Market Commentary from the Northern Ag Network:
3/29/2017 3:00 PM
Live issues bounced moderately higher (i.e., up 22 to 57). Despite lower FCE business Wednesday morning, the general country trade remains far above the board. Beef cut-outs: sharply lower, off $2.65 (choice, $216.92) to $2.76 (select, $210.26) with light-to-moderate demand and light offerings (61 loads of choice cuts, 38 loads of select cuts, 6 loads of trimmings, 25' loads of coarse grinds).
THURSDAY'S CASH CATTLE CALL:
Steady to $2 higher. Cattle buyer interest could start to improve Thursday. While packer margins are narrowing, most are still thought to be short bought.
Feeder futures closed sharply higher, up 95 to 162 points higher. The midweek rally was supported by short-covering and commercial buying interest. CME cash feeder index: 03/28: $133.26 up $0.17.
Settlements on all Ag Futures and Options
Futures Quotes – Montana Market Manager – (AgriCharts)
Ag Center – Cattle Report
Livestock Marketing Information Center
Kansas State – AgManager.info
North Dakota State – Livestock Economics
University of Missouri – Farm Marketing