Plenish Premiums Announced for FALL 2023



Harvest Delivery  $ 1.95

Farm Stored        $ 2.05

Plus $ 10.00 per acre early sign up Bonus by December 8








 

 

            
Board of Trade Hours    9:30 am to 2:15 pm
                                       7:00 pm to 8:45 am                              


  Tuesday, March 28, 2023   
 Home
 Cash Bids
 USDA Reports
 Calendar
 Real Time Quotes
 Local News
 Contact Us
 QUOTES & DATA
Weather
Futures Markets
Market News
Headline News
DTN Ag Headlines
Portfolio
Crops
Options
Charts
 
 
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Livestock Comments      03/28 06:14
   Follow-Through Strength Expected

   The livestock complex came to life Monday, posting strong gains across the
board. It was as if the up-to-date Commitment of Traders report triggered
short-covering in an oversold market.

Robin Schmahl
DTN Contributing Analyst

   Cattle: Higher         Futures: Higher     Live Equiv:   $208.40 +$0.45*

   Hogs: Higher           Futures: Mixed      Lean Equiv:    $88.49 +$0.17**

   *Based on formula estimating live cattle equivalent of gross packer revenue.
(The Live Cattle Equiv. Index has been updated to depict recent changes in live
cattle weights and grading percentages.)

   ** based on formula estimating lean hog equivalent of gross packer revenue.

GENERAL COMMENTS:

   Live cattle moved higher right from the start of trading with the April
contract quickly closing the chart gap that had remained above the market. The
strong opening left a chart gap in the June and August contracts below the
market. The finally updated Commitment of Traders report and the market being
oversold might have been the catalyst to trigger buying. Boxed beef was higher
with choice up $0.48 and select up $0.97. The market is poised for further
follow-through strength as traders look ahead to the potential for possibly
stronger cash. Last week, packers were able to purchase 25% of cattle ahead for
deferred delivery even though business seemed to be light. March and April
feeder cattle futures have a chart gap under the market left after the strong
opening Monday. The March contract closed the upper gap, but now have a lower
gap with three days remaining of the contract.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN