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Market Snapshot

Cash Cattle Trend:

                            1/22/2019

Strong pressure developed throughout the cattle trade Tuesday. Hog futures were mixed, following limited trade activity.

Fed Steers Live 


 Steady 124
Dressed Basis 
Steady 197

>> More Livestock Cash & Futures Markets 

Feeder Cattle Futures late Monday morning rallied higher with October contracts posting gains near $3 per cwt in reaction to buyers stepping back into the complex

Wheat Cash Trend

                                        1/22/2019

Back from a three-day weekend, U.S. stocks and most commodities were lower, facing the same concerns of slower world growth and lack of trade talk progress with China. March corn and soybeans were lower while the three wheats were mixed.

Local 12% Winter
+3 to 4  480 - 552
Local 14% Spring
-2  492 - 559

>> More Grain Cash & Futures - 

All three grains closed lower Thursday as mild summer temperatures blanketed the Midwest with another day of good growing weather
July soybeans fell another 21 3/4 cents Friday after President Trump approved roughly $50 billion of new tariffs against Chinese goods -- a move that may lead to retaliatory tariffs on U.S. soybeans as well as other goods. Corn and wheat ended the bearish week with small losses on Friday, while gold and crude oil saw sharp drops.

Featured Auction

    

Torrington Livestock - 1/16

4-500 lb Steers
195 - 216
5-600 lb Steers
 172 - 201
6-700 lb Steers
152 - 173
7-800 lb Steers
140 - 148

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