News

Ag Partners News

    Ag Partners Recognized as Founding Member of IAEP
    Ag Partners Recognized as Founding Member of IAEP
    Oct 15, 2018 |
    CEO, Troy Upah accepts IAEP award on behalf of Ag Partners, LLC.  
    Seed Daze
    Seed Daze
    Aug 29, 2018 |
    It’s all about seed. And the deals and discounts will never be this good. Take advantage during Seed Daze!
    Boost your Bean Yields
    Boost your Bean Yields
    May 25, 2018 |
    Consider the combination of Viathon and CoRoN for soybeans.   Viathon® is a broad-spectrum fungicide using three modes of action for cost-effective disease control. CoRoN® is a well-known, controlled-release foliar fertilizer that provides weeks of steady nutrition.
    Alceco approves $1.3 million to be revolved to members
    Alceco approves $1.3 million to be revolved to members
    Feb 20, 2018 |
    The Alceco board of Directors is pleased to authorize a cash revolvement of $1.3 million to its members.   This revolvement represents a payout in three categories: Class B Preferred Stock and Regional Equity to all patronage age 85 and over, 25 percent of Class B Preferred...

DTN News

DTN Grain News

DTN Market Commentary

DTN Early Word Opening Livestock 03/20 05:53

3/20/2019 - 06:24:00

DTN Early Word Opening Livestock       03/20 05:53
   Firm Buying Draws Feeder Cattle Trade

   Triple-digit gains Tuesday in feeder cattle has the potential to spark
additional interest midweek in all cattle markets. Hog futures are focused on
maintaining stability at recent high prices.

By Rick Kment
DTN Analyst



Cattle: Steady      Futures: Mixed   Live Equiv: $151.07 +0.69*
Hogs:   $1 Higher   Futures: Mixed   Lean Equiv: $ 78.60 +1.75**


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

GENERAL COMMENTS:

   Feeder cattle futures broke through technical support Tuesday with April
contracts moving above early-March levels. The move to $147.80 per cwt is the
highest contract price since November 2018 and may create additional underlying
support through all cattle trade. Live cattle futures remain stuck in the
current market range of $126 to $130 per cwt, but with April contracts moving
above $129 per cwt Tuesday, the focus on underlying fundamental support could
spark additional buying activity in the next couple of weeks. Cash trade
remains undeveloped early Wednesday morning as bids are still unavailable while
asking prices are likely to redevelop at $130 and higher live and $210 dressed.
Active trade is likely to be pushed off until late in the week, with another
Friday trade becoming a strong possibility.