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12 May 2021
DTN Chart Technical Points 05/12 16:30 DTN FUTURES 10 5/12/21 SLOW STOCHASTIC PRICES ARE DECIMAL MOVING AVERAGES RSI'S 5 Day 20 Day CONTRACT CLOSE 4-Day 9-Day 18-Day 45-Day 9Day 14Day 30Day %K %D %K %D CBTWT MAY 754.75 757.63 750.61 727.63 669.10 62.23 64.21 62.27 42 61 90 87 CBTWT JUL 729.75 740.94 737.89 720.99 664.29 54.90 58.97 60.07 30 51 81 8...
12 May 2021
DTN Midday Livestock Comments 05/12 11:48 Cattle Feeling Confident Amid Weaker Corn Prices Weaker corn prices call for stronger cattle prices as the cattle market has long waited its turn to trade higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Even though corn prices are still plenty high for feedlots liking, any downward trade is a...
12 May 2021
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 05/12/21 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 3,157 WEEK TO DATE: 3,173 STEERS LIVE FOB 435 119.50-120.00 119.50-120.00 119.94 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 2,280 119.00-120.00 119.00-120.00 119.66 HEIFERS LIVE DELIVERED No repo...
12 May 2021
DTN Early Word Livestock Comments 05/12 06:27 Cattle Futures Will Need to See Higher Cash Cattle futures were able to perform well despite higher grain futures. There is anticipation of higher cash developing this week, which has provided support. Hogs may have run out of aggressive sellers of futures and with the jump in hog prices Tuesday, trader...
11 May 2021
DTN Closing Livestock Comment 05/11 16:25 Feeder Cattle Hold Onto Gains Amid a Higher Corn Close The feeder cattle complex stood its ground and defended its higher trade, even though the corn market closed modestly higher. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Tuesday's trade wasn't kind to the lean hog market, but the cattle contr...