Tuesday, May 21, 2019  
 
Weather |  Markets Page |  Futures Markets |  Ag News |  DTN Renewable Fuels |  Farm Life |  Portfolio |  Quotes |  Charts 
Home
Heron Lake Plant
HLBE News Items
Board of Governors
Our People
Cash Bids
USDA and Weather Forecasts
Discount Schedules
Corn Route Map
Trading Capital Units
SEC Filings
History
Ethanol Industry
Calendar
Careers
Contact Us
Newsletters
Terms and Conditions
Nomination Questionnaire
 
 
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Opening Livestock       05/21 06:31
   Mixed Trade Expected Early Tuesday

   Activity levels through livestock markets should remain sluggish Tuesday as
limited new information is available, which should keep markets within the
current trading range.

By Rick Kment
DTN Analyst



Cattle: Steady   Futures: Mixed   Live Equiv: $144.44 +0.37*
Hogs:   Steady   Futures: Mixed   Lean Equiv: $ 91.54 +1.26**

*   based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue

GENERAL COMMENTS:

   Tight corn supply is expected to bring light-to-moderate pressure in feeder
cattle trade Tuesday. The latest Crop Progress report released Monday posted
total corn planted acres at 49%. This is the lowest level at this date on
record. The uncertainty of how this will impact overall production is causing
concern by cattle feeders, and directly impacting prices paid for feeder
cattle. Live cattle is expected mixed in a narrow-to-moderate range with
limited livestock market direction expected in the next couple of days with the
main focus on outside market moves. Cash cattle trade is undeveloped at this
point and likely will not show significant activity until midweek or later. A
few token bids may start to develop, but asking prices may not show up until
Wednesday or later.
For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN