Business & Investment

Mix of raw beef heading for Friday

Market news

Mix of raw beef heading for Friday

At the Chicago Mercantile Exchange, the day ended with a mix of raw cattle, the feeders were low, and they were watching the corn and cash markets directly. Raw cows in June remained unchanged at $ 131.50, while feeder cows in August fell $ 0.60 to $ 165.20.

Only a handful of transactions were reported and it was a quiet Thursday for direct cash cow trading activities. Most of this week’s business seems to be over, but cleanup transactions could take place by the end of Friday. Live trading in the South this week ranges from $ 136 to $ 138, mostly at $ 138, which is $ 2 lower than last week’s weighted average. Northern-dressed transactions range from $ 223 to $ 228, mostly $ 226, about $ 3 lower than last week’s weighted average base in Nebraska.

In Nebraska’s Hass livestock market, steers are $ 5 lower and heifers are $ 4 to $ 6 lower than last week. USDA states that the demand for calves and feeders is moderate. The demand for pairs was high. Overall, the quality wasn’t as attractive as last week’s offer. Receipts have decreased weekly and yearly. The feeder supply included 42% steers and 76% of the offerings were over £ 600. Medium and large 1 feeder steer 802 to 821 pounds brought $ 153.50 to $ 154 and feeder steer 850 to 895 pounds brought $ 145.50 to $ 149.25. Medium and large 1-feeder heifers from 753 to 798 pounds were $ 141 to $ 145.25, and feeder heifers from 802 to 840 pounds were $ 138 to 144.

Boxed beef ended in more than a day with moderate demand for lighter products. Choice closed $ 2.13 high at $ 261.70 and Select closed $ .04 high at $ 246.06. The selection / selection spread is $ 15.64. The estimated number of cattle slaughtered is 125,000, an increase of 1,000 per week and 5,000 per year.

Pork lean futures ended the day with profit taking. June lean meat closed at $ 105.30, down $ .80, and July lean meat closed at $ 106.97, down $ 1.55.

Cashhog closed mixed with the execution of solid negotiations. Processors did not have to actively engage in procurement activities to move the desired number. The industry continues to monitor the availability of pigs for the market. Demand for US pork in the global market is strong, helping to provide price support. National Daily Direct wheelbarrows and gilts closed at $ 1.18, with a base range of $ 98 to $ 117 and a weighted average of $ 110.51. Iowa / Minnesota has a weighted average of $ 113.58, which is $. 29 Closed at a high price. The Western Corn Belt has a weighted average of $ 113.59 and is $. It has fallen by 40. The Eastern Corn Belt was down $ 1.14 with a weighted average of $ 106.22.

Butcher pig prices in the Midwestern cash market are stable at $ 68. In Illinois, slaughtered sows were priced $ 3 lower, with mild to moderate demand for mild to moderate products ranging from $ 55 to $ 67. Barrows and gold leaf were stable and there was mild to moderate demand for light to moderate products of $ 65 to $ 74. Wild boars ranged from $ 40 to $ 50 and $ 5 to $ 15.

The value of pork closed weakly – $ .15 down to $ 103.46. The picnic was sharply low. The butt was low. The belly, ham, loin and ribs were all high. The estimated number of pig slaughtered was 473,000, an increase of 1,000 per week and a decrease of 6,000 per year.

Mix of raw beef heading for Friday Mix of raw beef heading for Friday

Back to top button