Livestock and Grain Markets, Prices & Futures
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Latest News from Markets
AgriTalk host Chip Flory and Drovers editor Greg Henderson discuss the impact of the fire at Tyson’s facility in Kansas and the impact on cattle markets.
Cattle markets continued reeling Tuesday as both CME Live Cattle and Feeder Cattle set contract lows following Monday’s locked limit-down performance.
Packer participation in the cattle market was an issue even before Friday night’s fire at Tyson’s Holcomb, Kan., beef packing facility.
Fed cattle trade was slow to develop in the southern plains with packer bids falling $2 short of steady. Feeder cattle traded at uneven prices across the nation.
The indefinite closure of Tyson’s Holcomb, Kan., facility creates the potential the cattle “marketing pace will slow down and carcass weights will increase.”
For his leadership to the beef industry and dedication to raising quality cattle, Jerry Bohn will receive the 2019 Feeding Quality Forum (FQF) Industry Achievement Award later this month.
Feeder steers sold steady to $2 higher, with instances of heavier cattle selling $6 to $7 higher in special sales in the Southern Plains.
Packers enjoyed a comfortable inventory last week, and many have stopped Saturday harvests, which helped push cash cattle prices $1 per cwt. lower.
Cattle feeders’ perseverance paid dividends as they held out for steady to higher cash trade in all feeding regions.
Providing shade and cool water, and only feeding or working cattle in the cool of the day can prevent solar radiation and the damaging effects from an elevated heat load.