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
Feedyards across all regions sold cattle higher last week and are looking to push the market even further this week. Last week sales volumes were called light to moderate with packers chasing a tightening supply.
The reopening of restaurant and foodservice is driving beef demand to pre-pandemic levels and beyond, spiking wholesale beef prices $20 per cwt. higher this week, and more than $34 per cwt. higher over two weeks.
Demand for spring and summer grazing cattle remains high with prices reflecting good buyer competition. Agricultural Marketing Service reporters called last week’s prices for steers and heifers steady to $4 higher.
Cash cattle traded in light to moderate volumes last week, with the strongest prices in the North. Wholesale beef prices continued marching higher as demand continues strong.
Negotiated cash cattle slipped $1 to $2 lower last week, yet wholesale beef prices marched higher. USDA’s cattle on feed report found aggressive March placements.
Stocker and feeder cattle saw significant price reductions last week as grain markets continued marching higher in rapid fashion.
U.S. farmers are facing a changing scenario this year. From wet conditions impeding planting in 2020, to now drought concerns creeping in, one analyst thinks weather could be a major market mover in 2021.
Stocker and feeder cattle sold higher at auctions last week, but pressure on prices may develop as a result of the the WASDE report which projects smaller corn and soybean acres and higher grains prices.
The first hint of green grass was evident throughout much of the Midwest last week, and moisture across the High Plains was welcome with warmer weather on the way. Demand for grass cattle was high.
Cash-traded feeder pig reported volume was below average this past week, with 4,800 head reported. Cash feeder pig reported prices were $97.36, down $2.81 per head from last week.