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Cattle

Choice Fed SteersSteady 109 - 111
As of 10/19/18          


Dressed Basis 
Steady173 - 174
As of 10/19/18 

Boxed Beef Cutout +1.11207.93
107 loads 
Fri PM

Hogs

Western Cornbelt-0.3758.36
Iowa Lean Average-0.26

58.50

Sheep/Goats

Sl. Lambs (Sioux Falls, SD 10/17)Steady130 - 136
60-80 lb Feeder Lambs (Newell, SD 10/18)-9 to +10157 - 192
80-100 lb Feeder Lambs (Newell, SD 10/18)-5 to 9140 - 151
100-120 lb Feeder Lambs (Newell, SD 10/18)Steady to -3121 - 139
Sl. Ewes (Newell, SD 10/18)-1 to 239 - 45
-2 to 5
-2 to 5
+20 to 30

Livestock Market News

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Market Commentary

Market Commentary from the Northern Ag Network:

10/19/18 4:30 PM

DTN reports:

Cattle futures shifted lower again on Friday. Lean hogs were also weaker with the biggest drops seen in the deferred contracts. This is creating additional weakness through the entire complex.

LIVE CATTLE:

Light to moderate pressure was seen in live cattle futures with traders pulling away from the narrow trading ranges seen early Friday morning. October futures lead the complex lower with a 70 cent loss, although prices are still able to hold  above $112 per cwt. This may add some pressure to the entire complex. Boxed Beef cut-outs at midday are higher, $1.51 higher (select) and up $1.40 per cwt (choice) with moderate movement of 74 total loads reported (27 loads of choice cuts, 13 loads of select cuts, 17 loads of trimmings, 16 loads of ground beef).


MONDAY'S CASH CATTLE CALL:

Steady. Packers and feeders will be reacting to Friday's Cattle on Feed Report. Several weeks of steady cash trade but somewhat weaker futures may add some pressure to cash in the new week.


FEEDER CATTLE:

Additional price pressure swept through the feeder cattle complex with deferred contracts holding a triple-digit loss. This may add some additional weakness through the entire complex as follow through pressure may continue early next week. October futures are holding a 50 cent loss, following very limited movement in nearby contracts.

Strong price support has quickly moved into livestock trade despite a sluggish start. The aggressive price move across the complex has been led by triple digit moves in feeder cattle markets, moving above $131 per cwt in nearby contracts
Live and feeder futures exploded higher with most months settling at new contract highs. Lean hog issues closed lower, pressured by long liquidation and the reassertion of cattle/hog spreads.
Sellers of hog futures finally took a breather at midweek, allowing contracts to settle mostly 30 to 112 higher. The cattle complex settled modestly higher, supported by light short-covering and profit-taking.
Sellers of hog futures finally took a breather at midweek, allowing contracts to settle mostly 30 to 112 higher. The cattle complex settled modestly higher, supported by light short-covering and profit-taking.
Sellers of hog futures finally took a breather at midweek, allowing contracts to settle mostly 30 to 112 higher. The cattle complex settled modestly higher, supported by light short-covering and profit-taking.
Lean hog futures closed lower with nearby contracts suffering triple-digit losses. The cattle complex closed substantially higher, supported by greater packer spending in the country and technical-buying.
Triple-digit losses quickly develop across the livestock complex late Thursday following a bounce in grain markets. Cash cattle trade has moved higher as packers have returned to the market as they look to fulfill procurement needs for next week at higher price levels.
Live and feeder cattle futures closed sharply lower, hammered by a combination of long-liquidation and technical selling. On the other hand, lean hog issues settled solidly higher with nearbys gaining on deferreds.
Live and feeder cattle futures closed sharply lower, hammered by a combination of long-liquidation and technical selling. On the other hand, lean hog issues settled solidly higher with nearbys gaining on deferreds.
Live and feeder cattle futures closed sharply lower, hammered by a combination of long-liquidation and technical selling. On the other hand, lean hog issues settled solidly higher with nearbys gaining on deferreds.
Follow-through pressure in feeder cattle futures quickly developed across the complex. Most cattle markets saw triple-digit losses as traders focused on additional liquidation. Hog trade also saw strong price pressure, focusing on uncertain fundamental shifts.
Follow-through pressure in feeder cattle futures quickly developed across the complex. Most cattle markets saw triple-digit losses as traders focused on additional liquidation. Hog trade also saw strong price pressure, focusing on uncertain fundamental shifts.



Lean hog futures closed widely mixed in the wake of the June 1 Hogs and Pigs report with nearby issues higher and deferred contracts significantly lower. The cattle complex finished the week sharply higher for the most part, supported by aggressive short-covering and technical-buying.

Livestock Futures