Business & Investment

Raw cattle were mainly low corn and high

Market news

Raw cattle were mainly low corn and high

On the Chicago Mercantile Exchange, raw cattle were the majority, corn-seeing feeders were higher, and the market developed directly. Raw beef in June closed at $ 132.72, down $ .05, and raw beef in August closed at $ 132.75, down $ .22. August

There was a mild to moderate direct cash cow transaction on Tuesday. Live trading in the South was $ 137, about $ 1 lower than last week’s weighted average. The bid was $ 138 live and $ 225 in Nebraska. Look for more businesses to develop in the rest of the week.

At the Callaway Livestock Center in Missouri, 400-500 pounds steers are $ 3-6 lower, 500-600 pounds steers are $ 3 higher, and 600-650 pounds steers are 2 compared to last week. It was a steer of over 650 pounds, down by ~ 4 dollars. I met a solid undertone. Feeder heifers weighing 400-500 pounds are nearly stable, 5-weight heifers with comparable sales are $ 3-5 higher, and heifers over £ 600 are well tested. I didn’t. USDA states that the demand for the highest quality calves and yearling mass supply is moderate to good. Receipts increased weekly and yearly. The feeder supply included 69% steers and 43% of the offerings were over £ 600. Medium and large 1 feeder steers ranged from £ 500 to $ 547 for $ 195.75 to $ 209, and feeder steers from £ 600 to £ 638 to $ 184 to $ 190.25. Medium and large 1-feeder heifers 504-536 pounds were $ 168-176 and feeder heifers 550-593 pounds were $ 157-168.50.

Boxed beef ended the day with a mixture of mild to moderate demand for medium products. Choice closed at $ 263.65 low at $ .63 and Select closed at $ 245.35 high at $ 1.12. The selection / selection spread is $ 18.30. The estimated slaughter of cattle is 125,000, an increase of 3,000 weekly and 3,000 annually.

Pork lean meat futures ended the day with profit taking. June lean meat closed at $ 109.02, down $ 1.35, and July pork lean meat closed at $ 109.05, down $ 1.80.

Cashhog closed, mixed with solid negotiations. 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. National Daily Direct wheelbarrows and gilts closed at $ 6.33 higher, with a base range of $ 100 to $ 116 and a weighted average of $ 112.58. Iowa / Minnesota was down $ 1 and the weighted average was $ 112.46. The Western Corn Belt closed at a weighted average of $ 112.58, up $ 0.16. Due to confidentiality, the price of the Eastern Corn Belt has not been reported.

Butcher pig prices in the Midwestern cash market are stable at $ 70. In Illinois, sows for slaughter were priced $ 1 lower, and demand for lighter products was $ 47- $ 59. Barrows and gold leaf were stable and there was mild to moderate demand for light to moderate products of $ 65 to $ 74. Wild boars range from $ 45 to $ 50 and $ 10 to $ 15.

The value of pork closed higher – up $ 1.19 at $ 108.24. The belly, ribs, and ham ranged from higher to sharply higher. The picnic was almost stable. The hips and hips were low. The estimated pig slaughter is 473,000, a decrease of 4,000 per week and 9,000 per year. Pig slaughter on Monday was revised to 464,000.

Raw cattle were mainly low corn and high Raw cattle were mainly low corn and high

Back to top button