Business & Investment

Raw cows are low and feeders are high towards Friday

Market news

Raw cows are low and feeders are high towards Friday

On the Chicago Mercantile Exchange, live cattle fell while looking directly at the market, and corn fell and feeders rose. Raw beef in August closed at $ 133.87, down $ 1.05, and raw beef in October closed at $ 140, down $ 1.07. The feeder cow in August closed at $ 174.85, up $ 1.70, and the feeder cow in September closed at $ 176.85, up $ 1.55.

Thursday was a relatively active day for direct cash trading of cattle. Trading was primarily $ 234, $ 4 higher than last week’s weighted average base in Nebraska. Some regional transactions have been recorded at $ 238. Many of them are marked for delivery in July. Some live deals in the north were marked at $ 145- $ 147 and $ 150. After light trading on Tuesday and Wednesday, the South was quiet, at $ 138, about $ 2 lower than last week’s weighted average.

At the Mitchell Livestock Auction in South Dakota, feeder steers of £ 850-1000 were stable, $ 1 higher than last week, and steers above £ 1000 showed higher undertones. Feeder heifers of £ 800 to £ 1000 were stable, $ 4 higher. USDA states that the demand for most cattle to enter large cargo lots was good. Receipts have decreased weekly and yearly. The feeder supply included 57% steers and the 98% discount was over £ 600. Medium and large 1 feeder steer £ 920 was $ 163.25 to $ 164.60, and feeder steer £ 956 to $ 997 was $ 157.50 to $ 165.75. Medium and large 1-feeder heifers from £ 874 to $ 888 ranged from $ 153.85 to $ 154.25, and feeder heifers from £ 901 to $ 932 ranged from $ 147.75 to $ 151.85.

Boxed beef was low at noon due to low demand for modest products. The choice is $ 1.91 lower at $ 264.66 and the choice is $ 1.05 lower at $ 244.94. The selection / selection spread is $ 19.72. The estimated number of cattle slaughtered is 122,000, a decrease of 5,000 per week and an increase of 4,000 per year.

Pork lean meat futures finished the day ahead of refrigerated numbers. July lean meat closed at $ 108.55, down $ 3.30, and August pork lean meat closed at $ 103.67, down $ 4.65.

Cashhog closed mixed with the execution of solid negotiations. Processors started the day a little more aggressively in their procurement activities. Demand for US pork is relatively strong in the global market and domestically, helping to provide price support. The industry continues to monitor the availability of pigs for the market. National Daily Direct wheelbarrows and gilts closed at $ 1.63 lower, with a base range of $ 110 to $ 126 and a weighted average of $ 120.82. Iowa / Minnesota was $ 0.04 higher and the weighted average was $ 124.39. The Western Corn Belt closed at a weighted average of $ 124.24, up $ 0.02. Due to confidentiality, the price of the Eastern Corn Belt has not been reported.

Butcher pig prices in the Midwestern cash market were stable at $ 76. In Illinois, sows for slaughter were priced $ 1 lower, and demand for lighter products ranged from $ 40 to $ 52. Barrows and gold leaf were stable, with demand for light products ranging from $ 71 to $ 80. Wild boars ranged from $ 45 to $ 50 and $ 10 to $ 15.

Pork prices fell one day, down $ 1.38 to $ 109.77. Belize has dropped over $ 14. The picnic and ribs were low. Bats, loins and hams ranged from higher to sharply higher. The estimated slaughter of pigs is 465,000, a decrease of 1,000 per week and 7,000 per year.



Raw cows are low and feeders are high towards Friday

https://brownfieldagnews.com/market-news/live-cattle-lower-feeders-higher-heading-to-friday/ Raw cows are low and feeders are high towards Friday

Back to top button