03/10/2010 11:18AM
SJ_GR710
St. Joseph, MO Wed Mar 10, 2010 USDA-MO Dept Ag Market News
Kansas City Board of Trade Futures
As of
03/10/2010 08:41AM
We saw Nebraska bids today at $143. That price on a Tuesday, would
imply they are ready to buy cattle steady at last week’s $144 or maybe
even $145. Another positive thing to note here is wholesale beef posted
a moderate gain.
03/10/2010 08:19AM
Feeder cattle futures saw some profit taking and fresh hedge selling on
Tuesday, with deferred contract seeing the most pressure. The drop in
price in spite of weakness in corn futures coincides with some
developing weakness in cash feeder prices.
03/10/2010 08:07AM
The market ran buy stops shortly after the open and then continued to work its way up into the mid $94.00 area before settling down. The market will most likely try and push up to the upper momentum collar today at $94.62.
03/10/2010 08:07AM
WA_LS700
Washington, DC Wed Mar 10, 2010 USDA Market