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Turkey hatchery numbers fall sharply

Turkey hatchery numbers dropped during June. The USDA says there were 22.798 million turkey eggs in incubation at the start of July, a decrease of 15% on the year, partially due to producers trying to improve their bottom lines and the discovery of Highly... Read More.

Cash hogs close sharply lower Friday

Chicago Mercantile Exchange live cattle futures were up with most contracts at a discount to the week’s direct business, while feeders were supported by cash demand expectations. August live was $.12 higher at $182.37 and October was up $.57 at $184.07. August feeders were... Read More.

Cash hogs sharply lower Wednesday

Chicago Mercantile Exchange live cattle futures were down and feeders were sharply lower, watching the direct cash markets. There’s also some talk boxed beef has put in its seasonal high. August live was $.10 lower at $182.25 and October was down $.10 at $183.20.... Read More.

Cattle futures sharply lower Tuesday

Chicago Mercantile Exchange live and feeder cattle futures were sharply lower, with boxed beef down sharply at midday, waiting for direct business to get better defined. August live cattle were $2.00 lower at $182.35 and October was down $2.00 at $18.30. August feeder were... Read More.

Global Dairy Trade index falls sharply

The Global Dairy Trade index dropped 6.9% in Tuesday’s trading session.  Only lactose had a small price increase, while all other dairy product values fell. Overall, 113 winning bidders purchased 24,138 metric tons of dairy products during 16 rounds of bidding. Anhydrous milk fat... Read More.

Grain stocks mostly up sharply on year

U.S. grain stocks on June 1st, 2024 were mostly up sharply on the year. The USDA says quarterly grain stocks were 4.993 billion bushels, up 22% from June 1st, 2023, with a larger supply following 2023’s record crop more than canceling out better third... Read More.

Old crop soybean export sales up sharply on week

U.S. export sales were mixed during the week ending June 6th. The USDA says old crop soybean sales were up sharply thanks to renewed interest from China, but new crop sales remain to slow because of relatively high U.S. prices and a big... Read More.

Cattle futures drop sharply

At the Chicago Mercantile Exchange, live and feeder cattle were sharply lower on speculative and technical selling. April live cattle closed $3.10 lower at $183.10 and June live cattle closed $3.22 lower at $178.37.  April feeder cattle closed $5.00 lower at $245.45 and... Read More.

Cattle placements up sharply in February

Placements of cattle into U.S. feedlots surged in February. The USDA says February placements were larger than expected, up 10% on the year at 1.793 million head, due to generally better weather in the major U.S. feeding areas than in January and the extra... Read More.

Cattle futures close week sharply higher

Chicago Mercantile Exchange live and feeder cattle futures were sharply higher on technical buying and the higher midday move in beef. Feeder saw additional support from the modest losses in corn. April live cattle were up $3.10 at $188.45 and June was $2.77... Read More.

Pork export sales, shipments up sharply on week

The week ending February 8th was a big week for pork export sales. The USDA says pork sales were up sharply on the week, with strong demand from two key trading partners – Mexico and China. Physical shipments of pork were also strong.... Read More.

Cash hogs sharply higher on Wednesday

Chicago Mercantile Exchange live and feeder cattle futures were mostly lower ahead of widespread direct business and the USDA’s semi-annual Cattle Inventory report, which was out after the close. February live was down $.67 at $117.35 and April was $1.05 lower at $180.70.... Read More.