Live cattle futures are rebounding on Friday, with contracts up to $ 1.32 by 85 cents. Cash action stopped on Thursday, with $ 218–220, stable and $ 229 in the north. Feeder cattle futures are showing a profit of $ 1.20 to $ 2.20 in the afternoon. The CME Feeder Cattle Index was 24 cents below May 14, the average price of $ 302.17.
The USDA’s national wholesale boxing beef report was more than Friday morning, with CHC/SEL spread by $ 10.04. The choice box was up to $ 3.18 $ 353.08, while the selection was quoted at $ 3.86 in $ 343.04 per hundred pounds. For Thursday, 120,000 heads of USDA cattle cattle were estimated to be 120,000 heads, with a weekly total of 459,000 heads. It is 10,000 heads from the same week before the same week of last year and 26,449 heads below.
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June 25 Live Cattle $ 212.325, $ 1.150,
25 August live cattle $ 206.700 is at $ 0.850,
25 October live cattle $ 204.000 is at $ 1.325,
25 May feeder cattle $ 297.375 is at $ 1.200
August 25 feeder cattle $ 298.025 is at $ 2.200
25 September feeder cattle $ 296.575, $ 1.950
On the date of publication, the Austin Shroder did not have the positions mentioned in any securities mentioned in this article (either direct or indirectly). All information and data in this article is only for informative purposes. For more information, please see the Barkart Disclosure Policy here.
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