Feeder Cattle Pit Mar '09 (FCH09)
Feeder Cattle (Pit) Futures Market News and Commentary
Live cattle futures ended the Wednesday session with contracts down $1.05 to $2.42 on the day. The market will open at 8:30 CDT. Open interest on Wednesday dropped 1,963 contracts. Cash trade started this week at $255, creeping up to $256 on Wednesday afternoon. The Wednesday Fed Cattle Exchange showed sales of $257 on 70 of the 1,256 head offered, with other bids of $250-254. Feeder cattle futures fell $4.65 to $5.85 across most contracts on Wednesday. The CME Feeder Cattle Index was down another 12 cents on June 1 to $364.14.
Late on Wednesday evening, the USDA confirmed a case of the New World Screwworm in South Texas after testing a suspected case in a 3-week old calf in Zavala county. It’s important to remember there are food safety concerns associated with the screwworm.
Wholesale Boxed Beef prices were mixed in the Wednesday afternoon report, with the Chc/Sel spread at $11.43. Choice boxes were up $1.79 to $395.86, while Select was 38 cents lower at $384.43. USDA... Read more
Blue Line Futures · Thu Jun 4, 7:56AM CDT
It's official, the New World Screwworm was detected in the United States. What does it mean for the markets?
Barchart · Thu Jun 4, 7:30AM CDT
Lean hog futures closed the midweek session with contracts up 35 cents to $1.15. Open interest was down 1,853 contracts on Wednesday, suggesting modest...
Barchart · Thu Jun 4, 7:30AM CDT
Live cattle futures ended the Wednesday session with contracts down $1.05 to $2.42 on the day. The market will open at 8:30 CDT. Open interest on Wednesday...
Barchart · Wed Jun 3, 5:12PM CDT
Live cattle futures ended the Wednesday session with contracts down $1.05 to $2.42 on the day. Cash trade started this week at $255, creeping up to $256...
Barchart · Wed Jun 3, 5:12PM CDT
Lean hog futures closed the midweek session with contracts up 35 cents to $1.15. USDA’s national base hog price was reported at $94.36 on Wednesday afternoon,...
Blue Line Futures · Wed Jun 3, 4:03PM CDT
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