Feeder Cattle Jan '17 (GFF17)
Feeder Cattle Futures Market News and Commentary
Live cattle futures saw weaker midday action though futures pulled off the lows to close up 12 cents to $1.12, as June was up $1.82 this week. Cash trade crept up to $258 this week following the $256-257 earlier in the week. The Thursday Fed Cattle Exchange showed $258 sales on 194 of the 388 head offered. Feeder cattle futures ended the day with 27 to 75 cents gains, with August $5.47 higher on the week. The CME Feeder Cattle Index was up another $2.17 on June 4 to $361.38.
Friday afternoons Commitment of Traders report indicated spec funds in live cattle futures and options trimming 5,605 contracts from their net long position to 114,964 contracts as of Tuesday. In feeder cattle futures and options, managed money increased their net long by just 248,000 contracts to 10,843 contracts.
Wholesale Boxed Beef prices were mixed in the Friday PM report, with the Chc/Sel spread at $10.01. Choice boxes were up 4 cents to $392.70, while Select was 35 cents lower at $382.69. USDA... Read more
Barchart · Fri Jun 5, 5:13PM CDT
Live cattle futures saw weaker midday action though futures pulled off the lows to close up 12 cents to $1.12, as June was up $1.82 this week. Cash trade...
Barchart · Fri Jun 5, 5:13PM CDT
Lean hog futures posted Friday losses of 30 cents to $2.80, led by July, as June was down $1.55 this week. USDA’s national base hog price was reported...
Swift Trading Company · Fri Jun 5, 3:19PM CDT
I have no idea what the next most probable move will be in price for fats or feeders in the futures market.
Blue Line Futures · Fri Jun 5, 2:18PM CDT
It was a rough week for row crops and a strong one for cattle. Corn plunged to fresh contract lows with little to slow the slide, soybeans broke key support...
DeCarley Trading · Fri Jun 5, 1:29PM CDT
Wars aren’t good for ag markets, and screw worms are living up to their name.
Barchart · 1 hour ago
Dividend Aristocrats can offer income, stability, and consistency. Here are four lower-volatility names analysts still like.
Barchart · Fri Jun 5, 5:15PM CDT
Summary The Vanguard Total Stock Market ETF (VTI) serves as my primary market indicator, reflecting broad market sentiment and trends. I emphasize...
Barchart · Fri Jun 5, 5:13PM CDT
Soybeans faced more weakness to close out the week, as contracts were down 2 to 8 cents on Friday. The weekly move for July was down 65 1/4 cents, with...
Barchart · Fri Jun 5, 5:13PM CDT
Live cattle futures saw weaker midday action though futures pulled off the lows to close up 12 cents to $1.12, as June was up $1.82 this week. Cash trade...
Barchart · Fri Jun 5, 5:13PM CDT
Corn futures saw continued long liquidation heading onto the weekend, with contacts down another 2 ¼ to 7 cents. July was down 29 ½ cents (-45 cents...
Barchart · Fri Jun 5, 5:13PM CDT
Lean hog futures posted Friday losses of 30 cents to $2.80, led by July, as June was down $1.55 this week. USDA’s national base hog price was reported...
Barchart · Fri Jun 5, 5:13PM CDT
The wheat complex saw continued weakness on Friday, though a few contracts did end higher. Chicago SRW futures were 1 ¾ to 6 cents in the red on the day,...
Barchart · Fri Jun 5, 5:13PM CDT
Cotton futures faced outside pressure on Friday, with contracts down 41 to 137 points across the board, with July falling 240 points. The US dollar index...
