Welcome to
  Mid-America Feed Yard  
Ohiowa NE

'Finishing First'
 
 

NOT HAPPY WITH THE PRICE ON YOUR FEEDERS? LOOK AT PLACING THEM ON FEED! CALL TO RUN THE NUMBERS TODAY!

 

(800) 228-4532

Tuesday, May 21, 2019  
 
DTN Ag Headlines |  Portfolio |  Options |  Feeder Cattle News |  DTN Renewable Fuels |  Swine News |  Markets Page |  Livestock 
Home
Corn Bids
National Cattle and Beef Summary
Our Team
Mid-America Feed Yard
Switchboard
Calendar
Futures Markets
Customer Login/Register
Feedback
Admin Login
Employment Opportunities
 
 
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Closing Livestock Comment 05/21 15:48
   Sharp Losses in Feeder Cattle, Lean Hog Futures Tuesday

   Sharp losses in feeder cattle and lean hog futures led to concerns of
renewed market pressure. Cattle on Feed report estimates that point to sharp
placement and on-feed growth during April also created concerns.

By Rick Kment
DTN Analyst



   GENERAL COMMENTS: Lean hog and feeder cattle futures saw sharp losses
Tuesday morning as traders found little to no support from meat values in the
morning reports. Additional strength in grains points to higher production
costs, adding even more bearishness to livestock markets. Cash cattle markets
remained quiet Tuesday with little to no additional direction seen from either
side. Bids and asking prices remain hard to pin down, which could delay overall
trade until later in the week. The recent shift toward Wednesday trade in the
South has some looking for both sides to become more aggressive Wednesday
morning. Recent weakness in futures trade is likely to limit cash market
support in the near future, although feedlot managers are not likely to fold
easily this early in the week. The National Daily Direct afternoon hog report
was $0.11 lower ($72-$83, weighted average $80.91) on 15,361 head sold. Corn
futures posted moderate gains in light trade with July up 5 1/4 cents per
bushel. The Dow Jones Index was 197 points higher with the Nasdaq up 83 points.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN