Live cattle prices dropped 95 cents over the weekend to hit $122.13 on Monday, bringing the 27-day average price to $136.33. Feeder cattle prices fell from $179.50 on Friday to $178.13 on Monday. The $1.37 fall brought the 27-day average price to $193.75.
Live cattle prices dropped 35 cents to $73. The 27-day average price is now at $70.13.
Corn prices jumped five cents to $3.94, while wheat increased three cents to $5.16.
Grain and oilseed futures were firmer early Monday morning as markets position for the Supply/Demand report to be release by the USDA this Friday Oct 9 at 11:00 a.m. S&P futures were up .75% overnight, the dollar was lower, and crude oil was higher.
Live cattle prices increased $1.68 on Friday to hit $123.08, bringing the 27-day average price to $137.16. Feeder cattle prices jumped on from $177.40 on Thursday to $179.50 on Friday. The $2.10 increase brought the 27-day average price to $194.57.
Lean hog prices increased on Friday as well, jumping 72 cents to $73.35, bringing the 27-day average to $69.91.
Corn did not see a change, remaining at $3.89. Wheat saw a fall of five cents to $5.13.
Prices decline at most areas outside the Northeast. The Henry Hub spot price fell 12¢ from $2.59/MMBtu last Wednesday to $2.47/MMBtu yesterday. Similarly, at the Chicago Citygate, spot prices fell from $2.65/MMBtu last Wednesday to $2.56/MMBtu yesterday. Prices moved in similar patterns at most market locations other than the Northeast.
Live cattle prices fell $3.28 to $121.40, bringing the 27-day average price to $137.88. Feeder cattle prices dropped from $178.18 on Wednesday to $177.40. The 78-cent fall brought the 27-day average price to $195.71.
Lean hog prices saw a 90-cent decrease, bringing it to $72.63. The 27-day average price is now at $69.68.
Corn increased one cent to $3.89. Wheat did better, jumping five cents to $5.18.