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Cattle

Choice Fed Steers 127 - 134
  Trend week of 3/27
134
Dressed Basis   
210
   Trend week of 3/27
210 
Boxed Beef Cutout -2.65216.92
129 loads
Wed PM

Hogs

Western Cornbelt-0.6563.74
Iowa Lean Average-0.66

62.66

Wed PM

Sheep/Goats

Finished Lambs (Sioux Falls, SD 3/29)+5 to 7164 - 179
60-90lb Feeder(Sioux Falls, SD 3/29)225 - 277
Sl. Ewes (Sioux Falls, SD 3/29)+2 to 380 - 164
60-80 lb Sl. Kids (Sioux Falls, SD 3/29)
275 

Livestock Market News

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Market Commentary

Market Commentary from the Northern Ag Network:

 3/29/2017 3:00 PM

DTN reports:  

The cattle complex scored solid progress Wednesday with triple-digit gains in the feeder trade leading the way. On the other hand, lean hog contracts settled on a mixed basis with nearbys gaining in deferreds.

LIVE CATTLE:

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 CATTLE:

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.

Livestock Futures