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Cattlelink News

Global Sustainability

Beef Industry Can Better Communicate Successes

4/19/2021 | 11:42 AM CDT

The Global Roundtable for Sustainable Beef outlined a 10-year plan, with one of the emphasis areas being the need for better communication of the beef...

Connections to Conservation

Women Conservationists Build Ground

4/19/2021 | 11:29 AM CDT

Ask the Vet

Puppies, Puppies Everywhere

4/19/2021 | 11:18 AM CDT

Call the Market

Drought Conditions and the Cattle Market Could Go Head to Head

4/19/2021 | 11:10 AM CDT

Sort & Cull

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The Problem With Selling Fat Cattle With Time

4/19/2021 | 3:34 PM CDT

Packers only buy cattle with time when they know that supplies are going to be short, or when they know that the cash...

Today's Market View

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.

Futures Overview

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Contract	Month	Last	Chg
ELEC. LIVE CATTLE[10]	Apr-21 Jun-21	120.350s 118.600s	-0.500 -0.575
ELEC. FEEDER CATTLE[10]	Apr-21 May-21	137.725s 142.475s	-1.900 -1.250
ELEC. LEAN HOGS[10]	May-21 Jun-21	105.650s 104.325s	3.175 2.625
ELEC. MILK CLASS III[10]	Apr-21 May-21	--- 19.05	--- -0.11
ELEC. CORN[10]	May-21 Dec-21	599'0 525'0	7'0 4'6
ELEC. SOYBEANS[10]	May-21 Nov-21	1469'0 1293'6	19'2 9'6
ELEC. SOYBEAN MEAL[10]	May-21 Jul-21	412.2 415.8	4.7 4.5
ELEC. WHEAT[10]	May-21 Dec-21	658'4 667'4	6'2 5'6