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Cattle
Choice Fed Steers  -2116 - 119
July 19, 2017 12,893 head
119
Dressed Basis 
-2188
188
Boxed Beef Cutout -0.32207.73
198 loads
Wed PM

Hogs
Western Cornbelt-0.6685.21
Iowa Lean Average-0.63

85.27

Sheep/Goats
Finished Lambs (Newell, SD 7/13)
151 - 179
60-80 lb Feeders  (Newell, SD 7/13)189 - 208
80-100 lb Feeders (Newell, SD 7/13)
187 - 199
Sl. Ewes (Newell, SD 7/13)
45 - 54

Livestock Market News

Atypical BSE Case in Alabama
7/19/2017 7:38:00 AM

By Wyatt Bechtel An atypical case of Bovine Spongiform Encephalopathy (BSE) has been identified in an eleven-year old cow in Alabama,... >> Read More
Ag Policy Expert Gives President Trump a Mixed Report Card
7/19/2017 5:00:00 AM

President Donald Trump’s performance for agriculture during his first six months in office is a mixed bag, according to Barry Flinchbaugh,... >> Read More
House Commitee Delays ELD Mandate
7/18/2017 9:06:00 AM

Washington, July 10, 2017 -The House Appropriations Committee today released the fiscal year 2018 Transportation, Housing and Urban Development... >> Read More
WY Livestock Board Issues Notice of Delinquent Brands Renewal
7/18/2017 5:00:00 AM

One of the most common things we hear in the brand recording office of the Wyoming Livestock Board is: when is my brand due for renewal. We... >> Read More
Montanan New U.S. Wheat Associates Vice President
7/17/2017 12:00:00 PM

ANNAPOLIS, Maryland – The U.S. Wheat Associates (USW) Board of Directors seated new officers at its annual meeting July 11, 2017, in Annapolis,... >> Read More

>> More Livestock Market News

Market Commentary

Market Commentary from the Northern Ag Network:

 7/19/2017 3:00 PM

DTN reports: 

The cattle complex staged an aggressive recovery at midweek, closing with triple-digit gains thanks to short-covering and technical buying. Lean hog issues also settled higher, though significant price progress was limited to nearby issues.

LIVE CATTLE:

Reversing from a lower opening, live contracts staged a significant rally and closed 117 to 220 points higher (generally 300 points north of early session lows). While spot August remains stuck between the 100 and 40-day moving average (i.e., roughly 114 to 118.50), Oct and Dec did settle above 40-day moving averages. Indeed, December closed at its highest level since June 9. Beef cut-outs: mixed, up .24 (select, $195.49) to off .32 (choice, $207.73) with moderate demand and heavy offerings (107 loads of choice cuts, 45 loads of select cuts, 19 loads of trimmings, 27 loads of ground beef).

THURSDAY'S CASH CATTLE CALL: Steady. With wholesale prices and futures pulling in opposite directions, it's possible that significant trade volume could be delayed until sometime Friday.

FEEDER CATTLE

The bullish reversal here was even more pronounced, especially given further rumblings of yield threats in the corn trade. Prices closed 217 to 290 higher after spec and commercial buying interest were rejuvenated above 40-day moving averages. CME cash feeder index: 07/18: 149.16, up 1639.

 

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.

Livestock Futures

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