| CattleLink Market View 4/16/2021 | 2:31 PM CDT Live Cattle: Last week was a strenuous week in the live cattle market, as feedlots were hopeful that cash prices would be fully higher again and that the boxed beef market's strong trade would help encourage such trade. Nevertheless, the board's weaker progression took a bigger toll on the market, and cash cattle traded steady to $1 higher in both the North and the South. Feeder Cattle: With cash cattle trade merely steady and corn prices shooting higher, the feeder cattle contracts moved lower without much positive incentive to help pull the contracts higher. Lean Hogs: Out of all the livestock contracts, the lean hog market faired the best last week even though, late in the week, the complex closed considerably lower. Thursday's weaker export report sent contracts trading lower amid tight hog supplies and strong demand. Soybean Meal: May soybean meal finished up $1 per ton last week in slow trade, as soybean oil rose sharply. Corn: May corn finished 8 1/4 cents higher for the week and eclipsed $6 for the first time in eight years on tight stocks and dryness in Brazil. (c) Copyright 2021 DTN, LLC. All rights reserved. | 
No comments:
Post a Comment