Livestock and Grain Markets, Prices & Futures
Use the chart below to check futures prices for commodities. Click the links for pricing on grains, livestock, and more and stay on top of what’s going on in the markets. Cash price reflects the USDA Chicago terminal.
Latest News from Markets
Brad Kooima with Kooima Kooima Varilek says the cattle futures are overbought after last week’s higher weekly closes. So this is a healthy correction.
Scott Varilek of Kooima Kooima Varilek says cattle futures are finding support from sharply higher fed cash trade. So, if that can continue he is mildly optimistic about futures continuing to push higher.
Check out the Sterling Marketing Profit Tracker for week of Dec. 6.
Brad Kooima says both live and feeder cattle futures markets struggled Monday as the huge recovery off the lows put contracts up into 50% retracement levels.
Scott Varilek with Kooima Kooima Varilek says Thursday saw the volume of live sale prices at $220, up $10 from last week but even some $222 developed in Iowa.
Check out the Sterling Marketing Profit Tracker for week of Nov. 29.
Brad Kooima of Kooima Kooima Varilek says he would be more confident about the lows holding in the cattle futures if three factors would turn positive.
The question now is was this just a correction of the oversold status in the cattle markets? While a higher weekly close is positive, Varilek says recoveries often come in three day waves.
Check out the Sterling Marketing Profit Tracker for week of Nov. 22.