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Cattle
Choice Fed Steers+2 to 4119-124
As of 4/20/18

126
Dressed Basis 
+2 to 5190 - 195
As of 4/20/18

Boxed Beef Cutout +0.88218.53
142 loads 
Wed PM

Hogs
Western Cornbelt+0.0758.43
Iowa Lean Average+0.19

58.58

Sheep/Goats
Finished Lambs (Sioux Falls, SD 4/25)176
80-100 lb Feeders (Sioux Falls, SD 4/25)190 - 222
Sl. Ewes (Sioux Falls, SD 4/25)50-75
-2 to 5
-2 to 5
+20 to 30

Livestock Market News

Farm Service Agency Makes Administrative Change to Livestock...
4/25/2018 3:00:00 PM

April 24, 2018 – Starting today, agricultural producers who have lost livestock to disease, resulting from a weather disaster, have an additional... >> Read More
Farm & Ranch Families Wanted to Help Preserve Monarch Habitats
4/23/2018 10:00:00 AM

As monarch butterflies prepare to fly north, farm and ranch families are encouraged to help provide a layover for these iconic insects by planting... >> Read More
Ag Committee Senators Seek Review of National Beef Acquisition
4/19/2018 10:39:00 AM

Four members of the U.S. Senate Agriculture Committee are pressing for a review of Marfrig Global Foods’ proposed $969 million acquisitionof... >> Read More
Drought Still a Possiblity in 2018
4/18/2018 2:40:00 PM

 The 2018 Montana Nutrition Conference and Livestock Forum took place in Bozeman this week. Livestock producers from Montana and the... >> Read More
Trade a Big Issue during NCBA Spring Legislative Conference
4/16/2018 6:38:00 AM

Trade was one of the biggest issues discussed last week in Washington, DC during the NCBA’s Spring Legislative Conference and what any disruptions... >> Read More

>> More Livestock Market News

Market Commentary

Market Commentary from the Northern Ag Network:

4/25/2018 3:00 PM

DTN reports:

Live and feeder cattle contracts settled solidly higher, generally erasing Tuesday's pullback and then some. Lean hog issues closed on a mixed basis with nearbys gaining on deferreds.

LIVE CATTLE:

Live contracts quickly rebounded from Tuesday's correction, closing 27 to 82 higher. Yet the summer months still refuse to close the sprawling gap with spot April (which expires next Monday) and feedlot cash. Beef cut-outs: significantly higher, up $0.88 (choice: $218.53) to $1.04 (select: $203.15) with moderate demand offerings (71 loads of choice cuts, 37 loads of select cuts, 13 loads of trimmings, 21 loads of ground beef).

THURSDAY'S CASH CATTLE CALL:

Steady to $2 higher. We should start to see a few more bids thrown on the table, but bullish feedlot psychology is such that significant trade volume could easily be postponed until Friday.

FEEDER CATTLE:

Unbothered by the decent bounce is corn futures, feeder issues advanced a bit ahead of their live counterparts. Prices here settled 35 to 120 higher. August closed just 15 points below its 100-day moving average. 04/24: $138.21, up $0.13.

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.


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