Ag Market News, LLC
Agricultural Markets At A Glance
Wednesday May 8 , 2013
| PA Market Prices | Lows | Highs |
|---|---|---|
| Cattle | cwt | |
| Choice Steers | 120.00 | 125.00 |
| Choice Holstein Steers | 99.00 | 103.00 |
| Choice Heifers | 118.00 | 123.00 |
| Cows | cwt | |
| Breakers | 76.50 | 80.25 |
| Boners | 76.00 | 80.25 |
| Lean | 72.25 | 76.75 |
| Holstein Calves | cwt | |
| # 1 Bulls | 161.00 | 188.00 |
| # 2 Bulls | 149.50 | 172.50 |
| Hogs | cwt | |
| 49-54% lean | 53.00 | 57.00 |
| Lambs | cwt | |
|
40-60# Choice |
135.00 | 160.00 |
| 60-80# Choice | 130.00 | 140.00 |
| Goats | per | Head |
| Kids Sel 1 40-60# | 105.00 | 128.33 |
| Kids Sel 2 40-60# | 70.83 | 88.33 |
| Nannies Sel 1 80-130# | 115.00 | 132.00 |
| Billies Sel 1 150-250# | 178.50 | 182.50 |
* * * * *
| US Market Prices | $ | +/- |
|---|---|---|
| Boxed Beef Value | ||
| Choice | 200.42 | +.16 |
| Select | 190.30 | +.69 |
| Spread |
+10.12 |
|
| Cow Carcass Value | ||
| Current | 159.21 | -1.66 |
| Pork Carcass Value | ||
| Current | 88.80 | +1.15 |
* * * * *
| Futures | May 2013 | June 2013 | July 2013 |
Aug 2013 |
|---|---|---|---|---|
| Live Cattle | 120.82 -.47 | 121.05 -.35 | ||
| Lean Hogs | 91.45 +.40 | 91.30 -.02 | ||
| Feeder Cattle | 136.87 -1.52 |
146.55 -.90 |
||
| Corn | 6.76 1/2 -2.25 | 6.40 +3 1/2 | ||
| Wheat | 6.99 1/2 +6 1/2 | 7.09 +6 1/4 | ||
| Soybeans | 14.63 1/2 +19.00 | 13.82 1/4 +13.00 |
Todays News Brief
DTN Closing Grain Comments 05/07 13:48
Light Rains Bring Some Help to Winter Wheat
Tuesday saw quieter trading after Monday's big sell-off in grains. The one
exception was in old-crop soybeans where supplies remain tight. Friday's USDA
report is likely to show a forecast for larger corn and soybean supplies in
2013-2014 and that kept a lid on Tuesday's new-crop prices. Light to modest
rain amounts will help the winter wheat crop somewhat this week, but the
forecast turns drier again next week.
Light Rains Bring Some Help to Winter Wheat
Tuesday saw quieter trading after Monday's big sell-off in grains. The one
exception was in old-crop soybeans where supplies remain tight. Friday's USDA
report is likely to show a forecast for larger corn and soybean supplies in
2013-2014 and that kept a lid on Tuesday's new-crop prices. Light to modest
rain amounts will help the winter wheat crop somewhat this week, but the
forecast turns drier again next week.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.