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

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Cattlelink News View More > 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. Read More 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 View All Blogs > 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... Read More 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 More > 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 More > 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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