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Cattle futures fall prior to holiday weekends

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Cattle futures fall prior to holiday weekends

Raw cattle futures on the Chicago Mercantile Exchange were almost low before the summer weekend, but feeders were pressured by a corn rally. Live in June was down $ .22 to $ 132.17 and August was down $ .20 to $ 132.40. The feeder in August was down $ .35 to $ 166.32 and in September it was down $ .42 to $ 169.30.

Trading for cash cows on Friday was quiet and most trading was already closed after trading on Tuesday. This week’s southern trade was nearly $ 1 lower than last week’s weighted average of $ 137, and the northern outfit trade was at $ 223, $ 3 lower than last week’s weighted average base in Nebraska.

Boxed beef closed on Friday. Choice increased by $ 1.45 at $ 265.42 and Select increased by $ 2.07 at $ 246.50. The selection / selection spread is $ 18.92.

In the MO-Kan livestock market in Butler, Missouri, steers were down $ 5 and sold steadily, while heifers traded almost steadily compared to previous tests. USDA focuses on quality cattle and states that with moderate supply and moderate demand. Receipts decreased weekly and yearly. The feeder supply included 52% steers and 22% of the offerings were over £ 600. A medium and large feeder steer weighing 550 to 587 pounds brought $ 166.50 to $ 180, and a feeder steer from 628 pounds to 629 pounds brought $ 162.50 to $ 164. Medium and large 1-feeder heifers weighing 475 to 485 pounds went from $ 163.50 to $ 178, and feeder heifers weighing 554 to 590 pounds went from $ 149 to $ 156. ..

The estimated cattle slaughter on Friday was 120,000, a decrease of 3,000 in the week but an increase of 3,000 in the year.

Pork lean futures were mixed with spread trading and mixed cash during the session. In June it was down $ .70 to $ 110.40 and in July it was down $ .10 to $ 111.72.

Cashhog closed on Friday. Overall, the demand for US pork in the global market is very strong, helping to provide price support. However, there are long-term concerns that create uncertainty in the market. The industry continues to monitor the availability of pigs for the market. And processors are moving the desired number without being too aggressive in procurement activities. Barrows and Gilts at National Daily Direct are $ 1.67 lower, with a base range of $ 100.00 to $ 116.50 and a weighted average of $ 109.68. The weighted average of Iowa / Minnesota was $ 113.21. The Western Cornbelt weighted average is $ 113.77. Due to confidentiality, the Eastern Corn Belt was not reported.

In Illinois, slaughtered sows are priced $ 1 lower, with mild to moderate demand ranging from $ 43 to $ 55. Barrow and gold leaf prices were stable at $ 65 to $ 74, with mild to moderate demand for mild to moderate products.

The value of pork was low, down $ 1.97 to $ 106.16.

Estimated pig slaughter on Friday decreased by 1,000 per week and increased by 31,000 annually to 456,000.



Cattle futures fall prior to holiday weekends

https://brownfieldagnews.com/market-news/cattle-futures-lower-ahead-of-holiday-weekend/ Cattle futures fall prior to holiday weekends

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