Futures Market Recap

Slaughter Cows Up In NC

Cattle:  At the livestock auctions held Monday in Siler City and Turnersburg (Canton was closed due to inclement weather) a total of 1,139 cattle, 13 goats, and 2 sheep were sold.  Compared to last week, slaughter cows were 8.00 to

NC Egg Market Higher on All Sizes

Cattle:  At the livestock auction held Friday in Siler City a total of 792 cattle, 57 goats, and 33 sheep were sold.  Compared to last week, slaughter cows were steady to 3.00 higher; while slaughter bulls were steady to 1.00

Hog Prices Hit 2017 High Water Mark

Hog futures bounced 3% on Monday, the largest single-day leap this year as packers gear up for Easter. After stagnating last week, lean hog futures for April delivery rose over 2 cents to 70.225 cents a pound on the Chicago

High Demand Drives Cattle Prices

Cattle futures advanced Friday to their highest close this month. High wholesale beef prices–a sign of strong demand–encouraged better-than-expected cash cattle sales, which came in as high as $1.30 a pound in some states. Despite the gains, live-cattle futures for

Prices for NC Beef on the Hoof on the Rise

At the livestock auction held Thursday at Smithfield a total of 662 cattle and no goats were sold. Slaughter cattle were $4.00 to $10.00 higher when compared to the previous week.  Feeder heifers were $2.00 to $4.00 higher; steers and

NC Cows, Bulls Close Higher

At the 2 weekly livestock auctions held Wednesday at North Wilkesboro and Norwood 965 cattle and no goats were sold. Slaughter cows were steady to $5.00 higher; bulls were $2.00 to $5.00 higher.  Feeder steers and heifers were $2.00 to

Oil Drops Below $50/Gallon for First Time in 2017

Live cattle futures found some strength through tight seasonal supplies in Thursday’s trading session. April futures rose 0.5% to close at $1.06725 a pound at the Chicago Mercantile Exchange, though some analysts expect a downturn soon. High wholesale beef prices

Crude Prices Experience Biggest Drop in a Year

Cattle futures rose Wednesday as the market attempted to close a wide gap between futures prices and the cash market. A weekly online auction for fed cattle failed to produce many buyers, with just 523 head sold of 3,413 head

NC Cattle Market is Hopping

Cattle:  At the livestock auction held Tuesday in Shelby a total of 528 cattle were sold.  Compared to last week, slaughter cows were 1.00 to 4.00 higher; while bulls were mixed, 3.00 lower to 5.00 higher.  Feeder steers were mixed;

NC Eggs Lower

At the 3 weekly livestock auctions held Monday at Canton, Siler City and Turnersburg a total of 2,028 cattle and 14 goats were sold. Slaughter cows were $1.00 to $4.00 higher; bulls were mostly $2.00 to $4.00 higher. Feeder steers