Cattle use round bales as a wind break. (NDSU photo)

Klassen: Yearling return to the lineup on strong demand

Frigid temperatures result in limited volumes

The market hasn’t missed a beat and started the year where it left in December. The only difference is there are larger supplies of yearlings coming on stream. The benchmark levels had backgrounded steers averaging 1,000 pounds trading from $280-$285/cwt with top bids rounding at $290/cwt. Steers averaging 850-pounds were averaging $300/cwt with top-notch larger groups peaking at $305.







Photo: Thinkstock

CBOT weekly outlook: Big surprises unlikely in S/D report 

Watch out for which side of two billion bushels U.S. corn carryout lands, analyst says

Ahead of the monthly report from the United States Department of Agriculture on Jan. 12, Allendale Inc. president Steve Georgy said he’s not expecting any major surprises for U.S. corn, soybeans or wheat at this point in the 2023/24 marketing year.