Welcome to
  Mid-America Feed Yard  
Ohiowa NE

'Finishing First'
 
 

HIGH INTEREST RATES GOT YOU DOWN? OUR 5% FEED FINANCING PUTS MONEY BACK WHERE IT BELONGS! IN YOUR POCKET! CALL 800-228-4532 & FEED YOUR NEXT PEN @ MAFY!

 

(800) 228-4532

Saturday, November 2, 2024  
 
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 Livestock   Return to Menu - Page 1 2 3 4 5 7 8 10 11 12 13
 
 
DTN Midday Livestock Comments          11/01 11:39

   Lean Hogs and Feeders Trade Higher into Friday's Noon Hour

   There have been a few more live sales reported in the South at $190, but 
otherwise the cash market is silent.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex is trading mixed into Friday's noon hour as the hog 
and feeder cattle markets are rallying, but the live cattle complex isn't as 
easily motivated. A few more light sales have been reported in the South at 
$190, but it looks like the week's trade is done. December corn is up 1 cent 
per bushel and December soybean meal is down $5.20. The Dow Jones Industrial 
Average is up 457.80 points.

LIVE CATTLE:

   The live cattle complex is again trading mixed into Friday's noon hour as 
the nearby contracts remain cautious while the deferred contracts continue to 
rally mildly. December live cattle are down $0.52 at $185.77, February live 
cattle are down $0.22 at $186.52 and April live cattle are up $0.12 at $187.47. 
The futures complex continues to remain uncertain about the market's immediate 
direction as traders continue to battle concerns that the market is technically 
overbought. With boxed beef prices trading slightly lower and cash prices this 
week being marked at steady to $3.00 lower -- the fundamental support, which 
could have eased some of the technical burden, didn't come to fruition. There 
have been a few more sales noted in Kansas at $190 which is fully steady with 
the rest of the week's business, but otherwise, the market sits idle as overall 
the vast majority of the week's trade seems to be done with. This week Southern 
live deals have been marked at mostly $190, generally steady with last week's 
weighted averages. Northern dressed sales have been mostly $296 to $298, steady 
to $3 lower than last week's weighted averages.

   Boxed beef prices are lower: choice down $0.25 ($317.35) and select down 
$0.22 ($285.15) with a movement of 47 loads (23.44 loads of choice, 8.84 loads 
of select, 5.24 loads of trim and 9.96 loads of ground beef).

FEEDER CATTLE:

   Although the live cattle complex is continuing to trade lower, the feeder 
cattle market is finding some late-week support as its market is trading fully 
higher into the noon hour. November feeders are up $1.10 at $246.47, January 
feeders are up $1.57 at $242.90 and March feeders are up $2.17 at $241.25. The 
spot January contract did at one point today run up and touch the market's 
100-day moving average, but traders quickly backed the contract back below that 
threshold as there isn't quite enough support to in the market to boldly take 
on that resistance point just yet.

LEAN HOGS:

   With the help of continued support from consumers, the lean hog complex is 
yet again rallying into the day's noon hour as traders maintain their efforts 
in advancing the complex. Yet again the market is reaching new contract highs 
in most of the nearby contracts as support remains incredible. Pork cutout 
values are higher on the morning report, but that's largely because of a $5.90 
price jump in the belly. December lean hogs are up $0.90 at $84.70, February 
lean hogs are up $1.15 at $86.35 and April lean hogs are up $0.87 at $88.97.

   The projected lean hog index is delayed from the source. Hog prices on the 
Daily Direct Morning Hog Report average $79.25, ranging from $75.00 to $83.00 
on 637 head and a five-day rolling average of $85.15. Pork cutouts total 167.34 
loads with 136.77 loads of pork cuts and 30.58 loads of trim. Pork cutout 
values: up $0.31, $103.46.

   ShayLe Stewart can be reached shayle.stewart@dtn.com

    




(c) Copyright 2024 DTN, LLC. All rights reserved.

No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN