July 16, 2019
 
Caledonia Feed & SupplyCaledonia Feed MillCaledonia AgronomyLake Odessa Feed & GrainLake Odessa Agronomy
146 E. Main Street
Caledonia, MI 49316
Lake and Kinsey Street
Caledonia, MI 49316
290 South Street
Caledonia, MI 49316
1018 3rd Avenue
Lake Odessa, MI 48849
9260 Eaton Hwy
Lake Odessa, MI 48849
Store Line  616-891-4150 
Office Line 616-891-8108
Phone: 616-891-8108Phone: 616-891-1033Phone: 616-374-8061
Phone: 616-374-7329

 
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DTN Closing Livestock Comment 07/16 15:42
   Uptrends Remain in Place for Livestock Markets

   Cattle prices were somewhat lower across the board Tuesday, with the
front-month August live contact down $0.275, and steeper losses in feeders:
down $0.75 in the October contract. Deferred lean hog contracts enjoyed another
up day.

By Elaine Kub
DTN Contributing Analyst



   GENERAL COMMENTS: Through the quiet start of the week, sellers have kept
their offers (around $114 in the South and $187 plus in the North) firm above
last week's prices: $113 live and $182 dressed. No significant trade volume has
been noted yet, and not even a token bid was floated Tuesday. According to the
closing report, the national hog base was $0.75 higher ($57-$72, weighted
average $69.36). Corn futures closed 5 3/4 cents lower alongside steeper losses
in the soy complex (soybean meal down $3.50 per ton). The stock market dropped
10 points in the S&P 500, but the index remains above 3,000.
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