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Cash Cattle Market Is Likely Done Rallying Until After the New Year

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Cash Cattle Market Is Likely Done Rallying Until After the New Year

What an accomplishment! Last week’s fed cash cattle market gained another substantial leg up as both Northern and Southern cattle traded higher. Feedlot managers were...

"Cash Cattle Market Is Likely Done Rallying Until After the New Year"
Cattle Complex Sits Anxious Following Last Week’s Price Rally

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Cattle Complex Sits Anxious Following Last Week’s Price Rally

Last week, the cattle complex rallied beyond what most thought was possible for the post-Thanksgiving holiday week. The sheer combination of active trader support mixed...

"Cattle Complex Sits Anxious Following Last Week’s Price Rally"
Nov. 1 Cattle on Feed Down 2% From Year Ago, Placements Down 10%

USDA Nov. 1 Cattle on Feed Report

Nov. 1 Cattle on Feed Down 2% From Year Ago, Placements Down 10%

This article was originally published at 2:03 p.m. CST on Friday, Nov. 21. It was last updated with additional information at 5:22 p.m. CST on...

"Nov. 1 Cattle on Feed Down 2% From Year Ago, Placements Down 10%"
Steer Carcass Weights Hit New All-Time High of 983 Pounds

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Steer Carcass Weights Hit New All-Time High of 983 Pounds

I hate to be the bearer of bad news given that the market has had plenty to digest lately. But sitting quietly behind the scenes...

"Steer Carcass Weights Hit New All-Time High of 983 Pounds"
Traders Yearn for More Fundamental Support in Cattle Sector

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Traders Yearn for More Fundamental Support in Cattle Sector

Last week came and went and throughout the five trading days, traders longed for one clear thing — greater fundamental support. While the market still...

"Traders Yearn for More Fundamental Support in Cattle Sector"

Weather

What DTN is Watching

Markets

Friday looks to be a quiet day for reports, with CFTC to release their weekly Commitments of Traders report at 2:30 p.m. CDT, wrapping up the week with a look into trader positions as of Tuesday, July 14. Otherwise, traders will continue to monitor the ongoing conflicts in the Black Sea and Persian Gulf, as well as U.S. weather which will remain critical for the next 30-45 days.

Weather

A large plume of wildfire smoke continues to work across the Great Lakes and into the Mid-Atlantic on Friday. In addition, isolated showers will expand across the region as a system moves through Ontario. Both should help to cut temperatures back a few degrees, but high heat continues in the Northern Plains and Upper Midwest.

Farm Credit Rates

DTN Ag Interest Rate Snapshot
TODAY- LAST YEAR
as of:7/17/267/17/25
BENCHMARKS
Prime Rate6.758.25
30-Day Libor5.19
1-Year Libor5.91
10-Yr. Treasury4.533.73
CCC Loan Rate4.8755.750