Tuesday, May 11, 2021

Meatless Meat Advocate Says No One Will Eat Meat by 2035; Cull Cow Tips; Rumen Troubles

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Cattlelink News

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Meatless Advocates

Replacing Food Animals by 2035

5/10/2021 | 12:48 PM CDT

The push continues to convert consumers to a meatless diet, with a timeline set of 2035.

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Cull Cows

Let Efficiency Lead

5/10/2021 | 10:57 AM CDT

Ask the Vet

Happy, Healthy Rumen

5/10/2021 | 10:37 AM CDT

Bullish Land Price Outlook

Ag Land Prices Remain Strong on High Demand, Rising Farm Income

5/10/2021 | 9:24 AM CDT

Sort & Cull

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Feeder Cattle Market Holds Breath Amid High Corn Prices

5/10/2021 | 2:29 PM CDT

High corn prices aren't necessarily a bad thing, but when high corn prices are stacked next to historically low live cattle...

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Today's Market View

CattleLink Market View

5/7/2021 | 3:30 PM CDT

Live Cattle: The live cattle contracts felt pressured to trade lower throughout the early part of the week as the cash cattle market only saw steady prices in the North, and steady to $1 higher in the South this past week.

Feeder Cattle: The feeder cattle contracts lost the battle against rallying corn prices this past week as feeder cattle buyers must continue to manage high input costs and sorry fat cattle prices.

Lean Hogs: The lean hog contracts soared past the preexisting resistance levels at $110 and drove prices higher throughout the week as market-ready hog supplies continue to be scarcely limited and consumer demand exceptional.

Soybean Meal: July soybean meal finished up $15.70 per ton this week, helped by surging veg oil markets and sharply higher soybean futures closes.

Corn: July corn futures rose sharply to a 59-cent gain for the week and the sixth higher weekly close, on continued drought in Brazil and a large China purchase of U.S. corn.

(c) Copyright 2021 DTN, LLC. All rights reserved.

Futures Overview

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Contract Month Last Chg
ELEC. LIVE CATTLE[10]
Jun-21
Aug-21
118.225s
120.350s
2.200
1.500
ELEC. FEEDER CATTLE[10]
May-21
Aug-21
135.450s
148.700s
3.725
4.425
ELEC. LEAN HOGS[10]
May-21
Jun-21
111.900s
112.100s
-0.075
-0.750
ELEC. MILK CLASS III[10]
May-21
Jun-21
---
18.97
---
0.15
ELEC. CORN[10]
May-21
Dec-21
750'0
604'6
2'0
-4'4
ELEC. SOYBEANS[10]
May-21
Nov-21
1617'2
1414'4
-2'6
0'2
ELEC. SOYBEAN MEAL[10]
May-21
Jul-21
444.4s
442.8
1.9
0.5
ELEC. WHEAT[10]
May-21
Dec-21
744'4
738'6
2'0
4'0
Tue, May 11, 2021 5:25 AM CDT
Quotes are market time
Delay is included in brackets

Local Forecast

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IL Kelsey Road (162003), IL
Today 6 AM 10 AM 2 PM 6 PM
Sky Cover
Temp 37N/A 48N/A 54N/A 50N/A
Wind Spd LV 6 7 6
Wind Dir N N NNE ENE
Precip % - - - -
Today
54N/A
36N/A
Wed
60N/A
36N/A
Thu
65N/A
38N/A
Fri
67N/A
45N/A
Sat
66N/A
50N/A
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