Tuesday, May 4, 2021

Short-Lived Inflation May Be on Horizon; One-Dose Pinkeye Treatment; Hernia or Navel Ill

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Cattlelink News

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Bullish Outlook for Ag

CoBank Forecasts Shrinking Supplies, Stronger Demand for Beef

5/3/2021 | 12:31 PM CDT

Anticipating inflation around 3% this year, CoBank analysts present a mostly positive outlook for the agricultural industry in their latest quarterly report.

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Custom Pinkeye Treatments

Adjuvant Treats Pinkeye in One Dose

5/3/2021 | 11:55 AM CDT

Ask the Vet

Dairy Bull Calves Present Problems

5/3/2021 | 11:42 AM CDT

Survey Shows Grazing Land Stewardship

Elanco Survey Shows Cattle Producers Value Environment, Beneficial Organisms

5/3/2021 | 11:30 AM CDT

Sort & Cull

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It's Time to Think About How You'll Market Your Calves in 2021

5/3/2021 | 3:25 PM CDT

It's hard to say which contributing factor will have a greater pull on the market at this point, but regardless, producers...

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Today's Market View

CattleLink Market View

4/30/2021 | 3:07 PM CDT

Live Cattle: The live cattle contracts rounded out last week on a positive note, though most of the week's trade was pressured lower. The cash cattle market again neglected to summon higher prices, and of the cattle that sold, a large majority of them sold with time.

Feeder Cattle: The feeder cattle contracts couldn't seem to muster any support while the live cattle complex traded lower and corn prices kept veering higher. Until the corn market stabilizes, the feeder cattle contracts are pressured by their rising cost of gains.

Lean Hogs: The lean hog contracts chopped sideways throughout the week, but come Friday, the contracts jumped higher and tested resistance levels as the market continues to be supported by exceptional demand amid tight supplies.

Soybean Meal: July soybean meal finished up $0.30 per ton this week, pressured by a correction in soybeans and the fall in South American meal basis levels.

Corn: July corn futures rose sharply to a 40 3/4-cent gain for the week, as the expanding drought situation in Brazil's winter corn area and a surging U.S. basis supported futures.

(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
115.300s
118.350s
-1.275
-0.275
ELEC. FEEDER CATTLE[10]
May-21
Aug-21
133.050s
146.800s
-0.550
0.050
ELEC. LEAN HOGS[10]
May-21
Jun-21
110.700s
112.650s
0.575
2.925
ELEC. MILK CLASS III[10]
Apr-21
May-21
17.64s
---
0.00
---
ELEC. CORN[10]
May-21
Dec-21
736'4
567'4
4'2
4'4
ELEC. SOYBEANS[10]
May-21
Nov-21
1571'0
1354'2
10'6
9'4
ELEC. SOYBEAN MEAL[10]
May-21
Jul-21
416.2s
416.4
-9.8
1.3
ELEC. WHEAT[10]
May-21
Dec-21
725'4s
722'0
-17'0
2'0
Tue, May 4, 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 52N/A 52N/A 56N/A 55N/A
Wind Spd 7 8 8 7
Wind Dir N NNW N N
Precip % - - - -
Today
56N/A
50N/A
Wed
60N/A
42N/A
Thu
55N/A
45N/A
Fri
57N/A
41N/A
Sat
57N/A
40N/A
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