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Beef and pork futures end a week higher

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Beef and pork futures end a week higher

On the Chicago Mercantile Exchange, live and feeder cattle finished a week higher, with feeders leading with low corn movements. August raw cattle closed at $ 134.60, up $ 2.02, and October raw cattle closed at $ 139.97, up $ 1.20. The August feeder closed at $ 174.50, up $ .90, and the September feeder closed at $ 177.65, up $ 1.42.

The direct cash cow business quietly ended the week. There were some mild deals that took place in the middle of the week. Live trading in the South this week was nearly $ 138, about $ 1 lower than the weighted average of the previous week. Northern-dressed businesses were marked at almost $ 234, not significantly lower than last week’s weighted average base in Nebraska. Colorado’s live sales were $ 145, about the same as last week.

At the New Cambria livestock market in Missouri, steers and heifers are $ 5 to $ 10 higher and up to $ 15 higher in some spots compared to last week. Most of the cows came from a handful of large laces. Receipts have decreased from two weeks ago. The feeder supply included 44% steers and 68% of the offerings were over £ 600. Medium and Large 1 Feeder Steer £ 501-534 brought $ 201.50 to $ 212.50, and Feeder Steer £ 931 brought $ 166. Medium and large 1-feeder heifers £ 672-697 were $ 172-1575 and £ 712 feeder heifers were $ 175.75.

In Nebraska, hay prices remained strong and supply and demand were moderate, according to USDA. Hay movement is moderate to good. Most farmers are trying to buy hay because they yield less than the long-term average and continue to be concerned about drought. Alfalfa, the best and medium-sized squares brought $ 225 to $ 275. Alfalfa, the best small squares brought $ 8 to $ 12. Alfalfa, Premium and Medium Square brought $ 175 to $ 225. Alfalfa, a good, big round brought $ 120- $ 180. Alfalfa, a good, small square brought $ 5 to $ 9. Alfalfa, a fair and large round brought $ 100 to $ 125. Alfalfa / Glass, Good / Premium small squares brought $ 5 to $ 9. Mixed grass, good / premium, big rounds brought $ 80- $ 140.

Boxed beef closed weakly due to light demand for lighter commodities. Choice closed at $ 263.82, down $ .18, and Select closed at $ 240.47, down $ .10. The selection / selection spread is $ 23.35. The estimated slaughter of cattle is 121,000, a decrease of 1,000 per week and an increase of 7,000 per year. The estimated number of killings on Saturday is 16,000, a decrease of 30,000 a week and 20,000 a year.

Pork lean meat futures closed at a daily high with a signal of oversold. August lean meat closed at $ 102.97, which is $ .87 higher, and October pork lean meat closed at $ 102.97, which is $ .87 higher.

The cashhog closed lower, sharply lower, with a light negotiated run. The processor was able to move the desired number without aggressive bidding. Demand for US pork in the global market and domestically is strong, but long-term concerns are putting pressure on prices. The industry continues to monitor the availability of pigs for the market. National Daily Direct pushers and gilts closed at $ 4.69, with a base range of $ 110 to $ 123 and a weighted average of $ 114.25. Iowa / Minnesota was down $ 1.95 with a weighted average of $ 120.88. The Western Corn Belt closed at a weighted average of $ 120.86, down $ 1.59. The price of the Eastern Corn Belt was not reported at noon due to confidentiality. Early weaning pigs are $ 1 lower per pig, according to USDA’s Weekly Feeder Pig Report. All feeder pigs were stable, $ 2 higher per head. Demand for modest products was modest. The total combined cash range for early weaning pigs ranged from $ 23 to $ 47.75, with a weighted average of $ 38.02. The total composite formula for early weaning pigs ranged from $ 33.56 to $ 49.47 with a weighted average of $ 41.68. The weighted average for all early weaning pigs was $ 39.68 and the weighted average for feeder pigs was $ 68.74.

Butcher pigs in Red Oak, Iowa this week are priced at $ 78, up $ 4 to $ 5. In Illinois, the price of slaughtered sows was stable and there was modest demand for modest products of $ 40- $ 52. Barrows and gold leaf were stable and there was moderate demand for medium-sized products from $ 74 to $ 83. Wild boars ranged from $ 45 to $ 50 and $ 10 to $ 15.

Pork values ​​closed higher – up $ 1.50 at $ 108.75. The belly, ham and picnic were all high. Loin was almost stable. The ribs and bats were low and dropped sharply. The estimated slaughter of pigs is 440,000, an increase of 7,000 per week and 16,000 per year. The estimated number of killings on Saturday is 9,000, a decrease of 11,000 a week and a decrease of 4,000 a year. The pig slaughter on Thursday was revised to 463,000.



Beef and pork futures end a week higher

https://brownfieldagnews.com/market-news/cattle-hog-futures-end-the-week-higher-4/ Beef and pork futures end a week higher

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