RIDEN FARM SUPPLY, INC.
17905 N 2300th Rd ~ Good Hope, IL  61438
(309) 772-3121 ~ rfs_1972@hotmail.com

Serving you for 50 years since 1974!!!
 
 
Home
Map to Our Location
LP Gas
Fence Supplies
Farm Chemicals
Fertilizer - Dry and Liquid
Lime Application
Application
Soybean Seed Treatment
What's Happening...
Weather
Market News
Futures
Portfolio
DTN Ag Headlines
Headline News
Crops


 
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Livestock Comments      07/10 06:12
   US/Mexico Border is Closed Again

   Follow-through buying continued on Wednesday as traders felt confident of
further gains, given the trend has turn higher. The pressure on boxed beef had
no significant impact. Technical traders seemed to provide support to the
market. There was limited support from cash or cutouts.

Robin Schmahl
DTN Contributing Analyst

   Cattle: Steady          Futures: Higher        Live Equiv: $281.57 -$4.29*

   Hogs: Higher           Futures: Mixed          Lean Equiv: $117.98 +$0.05**

   *Based on the formula estimating live cattle equivalent of gross packer
revenue. (The Live Cattle Equiv. The 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:

   Cattle futures made substantial gains over the past three days despite no
cash cattle trading and the staged reopening of cattle imports from Mexico. It
turns out that the trade seemed to know that it would be short-lived. Secretary
Rollins took action on Wednesday and closed the border to imports of cattle
from Mexico due to the discovery of the New World screwworm 370 miles south of
the U.S. border. This is closer than the previous discovery that had closed the
border. This is expected to provide further strength to the cattle market today
as traders react to the news. However, we could see some liquidation as this
may already be factored in. Traders may sell a higher opening due to the large
decline in boxed beef on Wednesday. Choice boxed beef fell $6.59 with select
down $5.19.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN