US Direct Feeder Pigs 09/03
DTN Closing Grain Comments 09/25 13:46
DTN Closing Grain Comments 09/25 13:46 Row Crop Prices Edge Higher Monday, Defy Harvest Pressure December corn closed up 4 cents and November soybeans ended up 1 1/2 cents Monday, able to ignore harvest pressure for a day and a 2.10-cent drop in October soybean oil. December contracts of U.S. winter wheat found enough support to also close higher. Todd Hultman DTN Lead Analyst GENERAL COMMENTS: December corn closed up 4 cents and July corn was up 3 cents. November soybeans closed up 1 1/2 cents and July soybeans were up 3 1/2 cents. December KC wheat closed up 3 1/4 cents, December Chicago wheat was up 9 1/2 cents and December Minneapolis wheat was down 1 1/2 cents.
DTN Closing Livestock Comment 09/25 15:22
DTN Closing Livestock Comment 09/25 15:22 Hogs See Support While Cattle Remain Hesitant Heading into Tuesday's market cattle producers are hoping that the live cattle and feeder cattle contracts muster more support. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as cattle traders remained skeptical through Monday's close, but the lean hog complex was able to see some mild progress made. No cash cattle trade developed and it's likely that the week's volume is delayed until Wednesday or later again this week. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.05 with a weighted average price of $77.54 on 3,770 head. December corn is up 4 cents per bushel and December soybean meal is up $4.00. The Dow Jones Industrial Average is up 43.04 points.
DTN Chart Technical Points 09/25 16:30
DTN Chart Technical Points 09/25 16:30 DTN FUTURES 10 9/25/23 SLOW STOCHASTIC PRICES ARE DECIMAL MOVING AVERAGES RSI'S 5 Day 20 Day CONTRACT CLOSE 4-Day 9-Day 18-Day 45-Day 9Day 14Day 30Day %K %D %K %D CBTWT DEC 589.00 583.25 589.28 593.54 636.63 45.05 42.40 42.75 27 19 19 25 CBTWT MAR 615.50 609.75 615.47 619.74 661.37 45.14 42.47 42.99 28 19 19 25 KC WT DEC 714.50 716.31 728.78 729.90 767.08 36.87 38.47 41.70 15 15 18 33 KC WT MAR 721.25 722.81 734.22 734.82 771.56 37.47 38.77 41.92 15 15 20 35 MN WT DEC 769.00 772.63 778.64 774.99 814.65 39.96 40.02 42.26 19 31 33 39 MN WT MAR 785.75 788.94 794.64 791.72 827.28 40.29 40.44 42.75 20 32 32 40 CORN DEC 481.25 479.00 478.08 480.40 493.79 50.50 47.37 45.51 65 64 33 24 CORN MAR 495.75 493.69 492.47 495.00 507.57 50.60 47.50 45.72 67 66 33 23 CORN MAY 504.25 502.31 501.00 503.46 515.56 50.68 47.64 45.84 67 66 34 24 OATS DEC 433.50 428.31 450.39 472.50 463.76 32.30 36.73 46.00 13 9 7 13 OATS MAR 449.75 444.31 464.22 484.50 476.83 33.13 37.44 46.78 14 9 6 11 BEANS NOV1297.751301.941321.171344.141348.86 29.93 36.26 44.97 10 10 6 10 BEANS JAN1315.501319.001337.581359.391360.53 31.00 37.21 45.66 11 10 6 12 BEANS MAR1327.001330.191348.081367.381363.56 32.22 38.41 46.69 10 9 7 14 S MEAL OCT 392.00 391.93 393.28 397.78 401.30 43.92 44.89 47.37 18 23 10 14 S MEAL DEC 389.80 389.70 391.36 396.25 398.15 43.88 45.06 47.54 20 26 11 17 B OIL OCT 58.75 59.98 61.47 62.22 62.95 30.66 35.77 45.15 12 11 12 25 B OIL DEC 57.48 58.70 60.17 60.94 61.60 29.98 35.19 44.70 12 10 10 23 CATTLE OCT 186.98 186.45 185.93 184.02 181.87 63.71 62.65 60.70 60 61 86 87 CATTLE DEC 191.23 190.90 190.57 188.37 186.08 63.15 62.82 61.35 53 59 86 89 FEEDER SEP 253.88 253.86 254.36 254.11 251.66 50.36 52.48 55.28 23 20 56 67 FEEDER OCT 258.83 259.08 260.23 258.86 254.78 50.52 53.41 56.40 20 18 58 71 HOGS OCT 81.53 82.94 83.37 83.15 82.41 42.80 46.47 49.30 13 39 64 72 HOGS DEC 72.53 74.35 74.96 74.97 74.64 40.39 43.50 46.39 10 34 50 63 COTTON OCT 86.42 85.18 85.54 86.24 86.28 53.40 51.93 51.99 36 22 28 31 COTTON DEC 88.17 86.85 87.01 87.32 86.21 57.67 56.14 55.34 43 32 43 48 RICE NOV 15.85 15.86 15.98 16.16 16.08 41.34 44.48 48.83 10 17 22 31 RICE JAN 16.15 16.15 16.27 16.42 16.31 42.42 45.57 49.89 9 17 24 33
DTN Early Word Grains 09/26 05:49
DTN Early Word Grains 09/26 05:49 Grain Prices Mixed on Black Sea Military Escalation, Some Technical Short Covering December corn is down 1/4 cent per bushel, November soybeans are up 5 1/4 cents, December KC wheat is up 1 1/4 cents, December Chicago wheat is up 3 3/4 cents and December Minneapolis wheat is up 4 1/2 cents. By Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 1/4 cent per bushel, November soybeans are up 5 1/4 cents, December KC wheat is up 1 1/4 cents, December Chicago wheat is up 3 3/4 cents and December Minneapolis wheat is up 4 1/2 cents. CME GLOBEX RECAP: U.S. and world equity markets mixed Tuesday morning, as Monday's small rally in U.S. equities has given way to lower trade Tuesday morning. Traders are still concerned about the impact of "higher for longer" interest rates on corporate earnings. There was little movement on the government shutdown that looms with an October 1st deadline. Tuesday, we will get New Home Sales and Consumer Confidence Data. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 43.04 at 34,006.88 and the S&P 500 up 17.38 at 4,337.44, The 10-Year Treasury yield ended at 4.54%. Early Tuesday, the December Dow Jones Futures are down 139 points. European markets are mixed with the spot futures of London's FTSE 100 trading up 0.01%, spot futures of Germany's DAX is trading down 0.65% and the spot futures of France's CAC 40 Index down 0.78%. Asian markets are lower with Japan's Nikkei 225 Index down 1.11% and China's Shanghai Composite Index down 0.43%.
DTN Early Word Livestock Comments 09/26 06:15
DTN Early Word Livestock Comments 09/26 06:15 Hogs and Pigs Report Estimates Cattle struggled most of Monday with some contracts closing slightly higher at the end. The Cattle on Feed report did not provide enough support to push futures higher, but it did provide support. Hog futures spent time on both sides of the market but closed higher supported by stronger cutouts. Robin Schmahl DTN Contributing Analyst Cattle: Steady Futures: Mixed Live Equiv: $221.96 -$0.91* Hogs: Higher Futures: Higher Lean Equiv: $105.94 +$1.60** *Based on formula estimating live cattle equivalent of gross packer revenue. (The Live Cattle Equiv. Index has been updated to depict recent changes in live cattle weights and grading percentages.) ** based on formula estimating lean hog equivalent of gross packer revenue. GENERAL COMMENTS: Cattle futures traded the neutral to slightly negative Cattle on Feed report Monday, resulting in mixed live cattle and lower feeder cattle futures. The report was positive compared to the previous year with tighter cattle numbers, but slightly negative due to actual numbers compared to estimates. The numbers compared to a year ago are what is more important, longer term. Packers may not be too aggressive this week as they bought quite a few last week, but they will need to try and keep ahead. No less than steady cash is expected. Boxed beef prices were mixed with choice down $1.85 and select up $0.02. The storage report showed total beef supply at 421.6 million pounds, up 11.2 million pounds from July, but 18% below a year ago.
DTN Midday Grain Comments 09/26 10:50
DTN Midday Grain Comments 09/26 10:50 Grain, Bean Trade Lower at Midday; Wheat Mixed Corn trade is 1 cent to 2 cents lower and beans are 1 cent to 2 cents lower at midday trade; wheat trade is narrowly mixed. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: The U.S. stock market is weaker with the S&P off 55. The dollar index is 15 points higher. Interest-rate products are mostly weaker. Energies are mixed with crude .50 higher and natural gas .02 lower. Livestock trade is mostly lower with cattle the downside leader. Precious metals are weaker with gold 15 lower. CORN: Corn trade is 1 cent to 2 cents lower at midday with light two-sided action so far as we stall near resistance levels yet again with further harvest progress this week to keep pressure on. Ethanol margins should remain stable in the near term with signs of driving demand picking up a bit into the end of the month. The daily wire was quiet after the sale to Mexico yesterday. Weekly crop progress showed the crop 70% mature vs. 60% on average, and 15% harvested vs. 13% on average, with 53% good to excellent, +2% and 18% poor to very poor. Basis should resume a drift lower for early harvest. On the December chart, the 20-day at $4.81 3/4 remains as resistance which we are just below at midday, with the fresh low at $4.67 3/4 as support. SOYBEANS: Soybean trade is 1 cent to 2 cents lower with trade pressing back to the $13.00 area before fading again with oil trying to lead the product complex. Meal is $1 to $2 lower and oil is 10 to 20 points higher. The daily wire remained quiet. Basis will likely stay flat as harvest slows a bit with the river system still declining in flows. Weekly crop progress showed 73% dropping leaves vs. 62% on average, and 12% harvested vs. 11% on average with 50% good to excellent, and 18% poor to very poor. South American weather is keeping rains to southern Brazil and northern Argentina so far with planting to expand into the end of the month with better rains to the north potentially this week. November chart support is the fresh low at $12.84 1/2, with resistance at the 20-day at $13.44. WHEAT: after the solid start to the week with little fresh news to drive action as we stay at the lower end of the range. Matif wheat is flat with the dollar near the highs still. Winter wheat planting was pegged at 26% vs. 29% on average, and 7% emerged vs. 6% on average with spring wheat 96% harvested, same as average. Weekly export inspections remain soft at 451,004 metric tons. On the KC December Chart, the 20-day at $7.28 is resistance with support in the lower Bollinger Band at $7.07 with the fresh low at $7.03 just below that. David Fiala can be reached at [email protected] Follow him on X, formerly Twitter, @davidfiala (c) Copyright 2023 DTN, LLC. All rights reserved.
DTN Midday Livestock Comments 09/26 11:33
DTN Midday Livestock Comments 09/26 11:33 Outside Economic Pressure Sends Cattle Lower It's been a tough day for the cattle complex as both the live cattle and feeder cattle contracts trade sharply lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle contracts are enduring a tough day as the market can't seem to gather any interest from traders. The lean hog contracts are trading lower too but aren't seeing near the pressure that the cattle contracts currently are. December corn is down 3 cents per bushel and December soybean meal is down $1.10. The Dow Jones Industrial Average is down 299.10 points. LIVE CATTLE: The live cattle complex is seeing significant losses across the futures complex this morning as its contracts can't seem to attract traders' interest whatsoever. Right now, the spot December contract is being pressured to the point where support levels in the current sideways trading range are being pressured and closing below support could alarming to traders. The biggest bear seeming to add pressure to the market at this point continues to be our economy's weakened state and the looming concern and likelihood that interest rates will continue to creep higher. October live cattle are down $2.10 at $184.87, December live cattle are down $2.60 at $188.62, and February live cattle are down $2.52 at $193.35. NO cash cattle trade has developed yet and it's likely that the market won't see much interest until Wednesday or later. Boxed beef prices are lower: choice down $0.28 ($301.20) and select down $0.72 ($279.73) with a movement of 77 loads (41.21 loads of choice, 21.72 loads of select, 3.46 loads of trim and 10.83 loads of ground beef). FEEDER CATTLE: The feeder cattle complex is trading anywhere from $1.00 to $4.00 lower as the market comes up short of finding any support thus far in Tuesday's complex. October feeders are down $3.82 at $255.00, November feeders are down $4.60 at $258.10 and January feeders are down $4.22 at $261.37. Even though corn prices are trending lower too, it's unlikely that the market closes higher as there's simply too much outside pressure hovering over the cattle complex at this point to expect anything different. LEAN HOGS: The lean hog complex was more aggressive at the day's start than what it's currently being as the market nears Tuesday's noon hour, but without virtually any support from the cash market it's hard for traders to turn the contracts higher on just support from cutouts. Also adding a little pressure to the market is the fact that on Thursday another Quarterly Hogs and Pigs report is set to be released. The report should add clarity to the market long term in regard to what to expect after Prop 12, but with big changes coming to the market, it does feel like a big elephant in the room. October lean hogs are down $0.02 at $81.50, December lean hogs are down $0.40 at $72.12, and February lean hogs are down $0.40 at $75.70. The projected lean hog index for 9/25/2023 is down $0.39 at $86.31, and the actual index for 9/22/2023 is down $0.38 at $86.70. Hog prices are unavailable on the Daily Direct Morning Hog Report due to confidentiality. However, we can see that only 405 head have traded this morning and that the five-day rolling average now sits at $78.50. Pork cutouts total 192.10 loads with 169.27 loads of pork cuts and 22.82 loads of trim. Pork cutout values: up $0.95, $99.81. ShayLe Stewart can be reached shayle.stewart@dtn.com (c) Copyright 2023 DTN, LLC. All rights reserved.
DTN Cattle Prices/Trends 09/26 11:45
DTN CATTLE PRICES/TRENDS 09/26 11:45
HEAD SOLD LIVE STEERS DRESSED LIVE HEIFERS DRESSED
KANSAS . . . . .
NEBRASKA . . . . .
TEXAS . . . . .
COLORADO . . . . .
IOWA . . . . .
*=PRIVATE SOURCES
DTN COMMENTS: The country is very quiet at midday with bids remaining very
elusive. A few early asking prices have been noted in parts of Texas at
$186-plus, but all other areas have yet to be established. Significant
trade volume will likely be delayed until Wednesday or later.
Beef cutouts are mixed at midday (choice 301.48 -1.85, select 280.45
+0.02) with moderate box movement (50.12 lds of choice cuts, 30.51 lds of
select, 3.56 lds of trim, and 9.96 lds of ground). Cattle futures at
midday are sharply lower on both live and feeder contracts generally due
to outside markets.
DAILY DIRECT SLAUGHTER CATTLE-NEGOTIATED PURCHASES-SUMMARY
**Summary includes trade from 1:30 PM the previous day through 9:30 AM
today.**
KANSAS CONFIRMED CASH SALES: 0 WEEK TO DATE: 0
STEERS - LIVE - FOB STEERS - DRESSED - DELIVERED
No reportable trade No reportable trade
STEERS - LIVE - DELIVERED STEERS - DRESSED - FOB
No reportable trade No reportable trade
HEIFERS - LIVE - FOB HEIFERS - DRESSED - DELIVERED
No reportable trade No reportable trade
HEIFERS - LIVE - DELIVERED HEIFERS - DRESSED - FOB
No reportable trade No reportable trade
NEBRASKA CONFIRMED CASH SALES: 0 WEEK TO DATE: 0
STEERS - LIVE - FOB STEERS - DRESSED - DELIVERED
No reportable trade No reportable trade
STEERS - LIVE - DELIVERED STEERS - DRESSED - FOB
No reportable trade No reportable trade
HEIFERS - LIVE - FOB HEIFERS - DRESSED - DELIVERED
No reportable trade No reportable trade
HEIFERS - LIVE - DELIVERED HEIFERS - DRESSED - FOB
No reportable trade No reportable trade
TEXAS CONFIRMED CASH SALES: 0 WEEK TO DATE: 0
STEERS - LIVE - FOB STEERS - DRESSED - DELIVERED
No reportable trade No reportable trade
STEERS - LIVE - DELIVERED STEERS - DRESSED - FOB
No reportable trade No reportable trade
HEIFERS - LIVE - FOB HEIFERS - DRESSED - DELIVERED
No reportable trade No reportable trade
HEIFERS - LIVE - DELIVERED HEIFERS - DRESSED - FOB
No reportable trade No reportable trade
COLORADO CONFIRMED CASH SALES: NA Conf WEEK TO DATE: NA Conf
STEERS - LIVE - FOB STEERS - DRESSED - DELIVERED
NA Due to Confidentiality NA Due to Confidentiality
STEERS - LIVE - DELIVERED STEERS - DRESSED - FOB
NA Due to Confidentiality NA Due to Confidentiality
HEIFERS - LIVE - FOB HEIFERS - DRESSED - DELIVERED
NA Due to Confidentiality NA Due to Confidentiality
HEIFERS - LIVE - DELIVERED HEIFERS - DRESSED - FOB
NA Due to Confidentiality NA Due to Confidentiality
IOWA CONFIRMED CASH SALES: 272 WEEK TO DATE: 272
STEERS - LIVE - FOB STEERS - DRESSED - DELIVERED
No reportable trade 293.00 80+ 293.00-293.00 78
293.00 TOTAL 293.00-293.00 78
STEERS - LIVE - DELIVERED STEERS - DRESSED - FOB
No reportable trade No reportable trade
HEIFERS - LIVE - FOB HEIFERS - DRESSED - DELIVERED
186.00 80+ 186.00-186.00 145 No reportable trade
186.00 TOTAL 186.00-186.00 145
HEIFERS - LIVE - DELIVERED HEIFERS - DRESSED - FOB
No reportable trade No reportable trade
NOTE: Feedlots are encouraged to call DTN with any cattle sales, at
1-402-461-3561. All sales will be listed anonymously and organized by
state. All live sales are FOB and set for 1-9-day delivery. A weekly
summary from this data will be posted on the Weekly Cattle Sales Reported
to DTN page and will be left up for the entire week for reference
purposes.
