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FRIDAY OPENING CALLS: Class III Milk Futures: 10 to 15 Higher Class IV Milk Futures: 4 to 8 Higher Butter Futures: 1 to 2 Higher More: https://ow.ly/WOW450TOpeY Corn Futures: 2 to 3 Higher Soybean Futures: 2 to 4 Higher Soybean Meal Futures: $2 to $4 Higher Wheat Futures: Mixed Cattle: Steady Futures: Higher Live Equiv: $231.16 +$0.31 Hogs: Higher Futures: Higher Lean Equiv: $102.41 +$1.56 More: https://ow.ly/uoS450TOpf0 https://ow.ly/rrnK50TOpeV #dashboardreport #excellallnatural #excellsb

Thursday Market Watch - Southern Cattle Trade $1.00 Higher, Dressed Cattle Trade Steady; Grain Futures Shake Off Early Weakness The cattle complex traded mostly lower into Thursday's close while the hog complex rallied. Sales developed Thursday afternoon in the cash cattle market and Southern live cattle traded at mostly $188 ($1.00 higher than last week's weighted average) and Northern dressed sales were marked at mostly $296 (steady with last week's weighted average). More: https://ow.ly/V9IS50TO1pX December corn closed up 2 cents and March corn was up 3/4 cents. November soybeans closed up 8 3/4 cents and March soybeans were up 2 cents. December KC wheat closed up 7 1/4 cents, December Chicago wheat was up 4 1/2 cents and December Minneapolis wheat was up 8 cents. The U.S. Dollar Index is up 0.22 at 103.81. November crude oil is up $0.32 per barrel at $70.71. The Dow Jones Industrial Average is up 161 points at 43,239 with the NASDAQ up 7 points at 18,374. December gold is up $16.00 at $2,707.30, December silver is down $0.10 at $31.87 and December copper is down $0.0370. November ultra-low sulfur diesel is up $0.0202, December RBOB gasoline is up $0.0043 and November natural gas is down $0.020. November and December Class III futures moved near the mid-$21.00 range after falling back from that level on Friday. There is a strong potential for further gains on Friday as there were quite a few unfilled bids that remained at the close of spot trading for butter and barrel cheese. At the worst, the market may move in a sideways pattern for a time. More aggressive buying interest in cheese and butter would further support milk futures. However, traders will be cautious as the upside price potential may be limited due to available supplies. California continues to struggle with increasing cases of bird flu in dairy cattle. It is uncertain how the impact it will have on milk supply and milk prices. High temperatures are likely to have a greater impact on milk production. The cattle infected with bird flu may have a greater risk of dying due to the flu virus combined with the hot weather. The virus itself usually does not kill the cows. More: https://ow.ly/6yya50TO1pW https://ow.ly/mpkg50TO1pY #dashboardreport #excellallnatural #excellsb

Fluid Milk and Cream - Western U.S. Report 42 https://lnkd.in/gXhcpm6t #fluidmilk #completecalfcare #excellallnatural #excellproallnatural

Thursday Midday Markets - Corn, Soybean, Wheat Futures Lower A weaker undertone is noted throughout the livestock complex as once again; traders are tapping their toes waiting to see what develops in a fundamental sense. Bids are currently on the table for the cash cattle market, but there's been very little trade report yet. Feedlot managers are hoping to keep the market at least steady this week but asking prices in the South are noted at $189 to $190 and in the North at $298 plus. More: https://ow.ly/eRWj50TNTy4 Corn futures are 3 to 4 cents lower at midday with flat to firmer spread action with broad selling in ags as harvest rolls on and outside markets limit enthusiasm. Soybean futures are 5 to 7 cents lower at midday with firmer spread action as trade comes back from the early day-session lows. Meal is flat to 1.00 higher and oil is 40 to 50 points higher. Warm and dry weather should help harvest wrap up in many areas with long-season varieties and double crop most of what is remaining. South American planting should continue to advance with rains becoming more widespread in Brazil as well as Argentina seeing some near-term relief. Wheat futures are 1 to 6 cents lower with spring wheat leading as we consolidate more of a range after the recent pullback along with negative spillover from row crops. Warm and dry weather should ease a bit in the western Plains with better rains expected into the weekend while Black Sea area seeding should play some catch up. DOW JONES: 203 Points Higher NASDAQ: 109 Points Higher CRUDE OIL: $0.07 Lower The block cheese price declined 1.75 cents closing at $1.9250 with four loads traded. The barrel cheese price gained 8 cents closing at $2.01 with one load traded. There were no unfilled bids or uncovered offers remaining for blocks with three unfilled bids for barrels remaining. This may indicate further strength in barrels as buyers become more aggressive. The dry whey price remained unchanged at 59.50 cents with no loads traded. Class III futures are 2 cents lower to 35 cents higher. The butter price gained 4.50 cents closing at $2.68 with 33 loads traded. There were 15 unfilled bids and two uncovered offers remaining at the close. There have been 160 loads traded so far this week More: https://ow.ly/LqKJ50TNTy8 https://ow.ly/oIl750TNTy9 #dashboardreport #excellallnatural #replacmentheifers

This Week's Drought Summary (10/17) https://ow.ly/NzbI50TNAkq #dashboardreport #droughtmonitor #excellallnatural #feedlotreceiving

THURSDAY OPENING CALLS: Class III Milk Futures: Mixed Class IV Milk Futures: Mixed Butter Futures: Steady to 1 higher More: https://ow.ly/VSBe50TNzFS Corn Futures: 2 to 3 Lower Soybean Futures: 7 to 9 Lower Soybean Meal Futures: $2 to $3 Lower Wheat Futures: 2 to 3 Lower Cattle: Higher Futures: Mixed Live Equiv: $230.85 +$1.19 Hogs: Lower Futures: Higher Lean Equiv: $100.85 +$0.45 More: https://ow.ly/VvMP50TNzFT https://ow.ly/JFIV50TNzFW #dashboardreport #excellallnatural #feedlotreceiving

Wednesday Market Watch - Cattle Close Mostly Lower; Hogs Rally; Grain Mixed as Market Attempts to Catch Itself Both the live cattle and feeder cattle contracts remained mostly lower throughout Wednesday's trade, but the lean hog complex was able to rally throughout the day. No cash cattle trade was noted but packer interest could improve on Thursday. The week's export report will be released on Friday. More: https://ow.ly/9vCp50TN9mR December corn closed up 3 1/2 cents and March corn was up 3 cents. November soybeans closed down 11 cents and March soybeans were down 9 cents. December KC wheat closed up 5 3/4 cents, December Chicago wheat was up 5 1/2 cents and December Minneapolis wheat was up 4 1/4 cents. The U.S. Dollar Index is up 0.30 at 103.56. November crude oil is down $0.19 per barrel at $70.39. The Dow Jones Industrial Average is up 337 points at 43,078 with the NASDAQ up 51 points at 18,367. December gold is up $13.80 at $2,692.70, December silver is up $0.22 at $31.98 and December copper is up $0.0355. November ultra-low sulfur diesel is down $0.0088, December RBOB gasoline is up $0.0019 and November natural gas is down $0.139. Milk production across the country is steady even though a contraction in farm numbers continues. Culling has been running below the previous year so far as farms have retained cows that would have been culled due to lower milk prices, higher replacement prices and higher milk prices. The higher milk prices lowered the bar for cows to remain in the herd. Milk futures have increased in the past two days as underlying cash prices have increased. The underlying cash prices are trying to find a level at which the market may be balanced between supply and demand. This may bring some of the Class III futures contracts back up to $20.00 in the first half of the year and Class IV contracts remaining over $21.00. More: https://ow.ly/TahC50TN9mO https://ow.ly/wjwb50TN9mQ #dashboardreport #excellallnatural #feedlotreceiving

USDA Crop Progress - Corn Harvest 47% Complete, Soybean Harvest 67% Finished as of Oct. 13 https://ow.ly/JVwN50TMa71 #cropprogress #dashboardreport #excellallnatural #equinehealth #excellequine

Wednesday Midday Markets - Lackadaisical Tones Leave Livestock Complex Mixed; Corn, Wheat Futures are Higher; Soybeans Lower Thus far it's been a mixed day for the livestock complex as traders seem somewhat interested in supporting the livestock contracts but are yearning to see better fundamental support before aggressively doing so. Still no cash cattle trade has developed and no bids are currently on the table. More: https://ow.ly/IOKl50TN286 Corn futures are 3 to 4 cents higher with firmer spread action as trade works to bounce back off the $4.00 area with little fresh news to drive action. Soybean futures are 1 to 2 cents lower at midday with early gains fading as harvest pressure continues and early product strength fades again. Meal 1.50 to 2.50 higher and oil is 15 to 25 points lower. NOPA crush showed better gains in September as further capacity comes online. Warm and dry weather should push remaining harvest along. Wheat futures are 5 to 6 cents higher at midday with trade working back from early weakness to ease the oversold conditions that developed in recent days. Warm and dry weather should ease a bit in the western Plains. DOW JONES: 263 Points Higher NASDAQ: 32 Points Higher CRUDE OIL: $0.15 Lower The block cheese price increased 0.50 cent closing at $1.9425 with six loads traded. The price initially declined before buyers became more aggressive supporting the price. The barrel cheese price increased 4 cents closing at $1.93 with four loads traded. This provided the support milk futures needed to continue to move higher. The dry whey price slipped 0.25 cent ending at 59.50 cents with nine loads traded. Class III futures are 3 cents lower to 30 cents higher. The butter price increased 2 cents losing at $2.6350 with 48 loads traded. For the first three days of this week, 127 loads of butter have been traded. More: https://ow.ly/unuj50TN285 https://ow.ly/RsPB50TN284 #dashboardreport #excellallnatural #excellsb

Regional Hay Prices https://lnkd.in/g28C4FzF #hayprices #organicforage #dynacure