Feeder Cattle Jan '27 (GFF27)
Feeder Cattle Futures Market News and Commentary
Live cattle futures posted gains of 77 cent to $1.27 at the Thursday close. Cash trade saw some light trade at $246 in the South, steady to up $1 from last week. The Thursday morning Central Stockyards Fed Cattle Exchange online auction saw $244-244.50 bids, though no sales on the 970 head offered. Feeder cattle futures found strength into Thursday’s close, with gains of $1.85 to $2.60 across the board. The CME Feeder Cattle Index was back down 45 cents to $364.10 on April 8.
USDA’s Export Sales report showed 17,408 MT of beef sold in the week of 4/2, the third largest so far in the calendar year. South Korea and Japan were the largest buyers of 6,100 MT each. Shipments were the lowest in 4 week at 13,321 MT. The largest destination was South Korea at 4,600 MT, with 3,800 MT to Japan.
Wholesale Boxed Beef prices were mixed in the Thursday afternoon report, with the Chc/Sel still at an inverted 48 cents. Choice boxes were up $1.43 to $31.09, while Select was 70 cents lowe... Read more
Walsh Trading Thu Apr 9, 4:06PM CDT
New Contract Highs to start the week! Will it continue?
Barchart Thu Apr 9, 3:59PM CDT
Lean hog futures saw front month April up 47 cents ahead of next week’s expiration, as other contracts were down 25 to 77 cents. USDA’s national base...
Barchart Thu Apr 9, 3:59PM CDT
Live cattle futures posted gains of 77 cent to $1.27 at the Thursday close. Cash trade saw some light trade at $246 in the South, steady to up $1 from...
Barchart Thu Apr 9, 11:43AM CDT
Lean hog futures are up a quarter in soon to expire April, with other contracts steady to a dime lower. USDA’s national base hog price was reported at...
Barchart Thu Apr 9, 11:43AM CDT
Live cattle futures are showing contracts within 20 cents of unchanged at Thursday’s midday. Cash trade saw some light trade at $246 in the South, steady...
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