Monthly Archives: May 2024

Date: May 8, 2024 Livestock futures and grains flipped places on Tuesday with all cattle and lean hogs contracts higher while all grains and oilseeds lower except new crop corn and beans. Cattle markets are still hesitant, taking a wait and see approach not only for more cash fed cattle trade later this week but the continued headline watching in regards to Avian Flu. Only light volume cash fat cattle trade so far this week in IA at $184 to $185 live, steady to $2 lower than a week ago. A recap of last week’s cash fed cattle trade showed feedlots selling 92,693 head, 58,165 head for nearby delivery and 34,528 head for deferred delivery with a weighted average at $185.69 live and $294.90 dressed.…

Date: May 6, 2024 Livestock futures mixed on fairly quiet trading on Friday, especially compared to past few trading sessions with live cattle posting over $2 gains or losses and feeders $3 to $4. Early week losses though from Avian flu in more dairies to USDA announcing testing on ground beef, was met with positive news to end the week. No beef samples tested positive, weekly export sales shot up to 25,500 MT, a new marketing year high and cash feedlot trade was again higher. Cash fed cattle trade reported in the South at $2 higher than the week previous at mostly $184 live. Northern live trade $1 to $2 higher at $186 to $187 but dressed trade remained steady at $295. Weekly closes for…