Feeder Cattle Mar '18 (GFH18)
Feeder Cattle Futures Market News and Commentary
Live cattle futures were up by 15 to 47 cents in the front months, while feeder cattle futures were lower by 35 to 75 cents. The Cargill plant in Dodge City is back online today after an explosion left them shutdown late last week. China has lifted the 20-year ban on British beef, the two countries have finalized a 5 year trade deal worth over £230 million. Cash cattle traded at $107-109 Friday, and $173-175 in the meat. The 10/18 CME Feeder Cattle index saw another 37 cent increase, and is up to $145.96. Wholesale boxed beef prices are higher after Monday, but the Chc/Sel spread was widened to 25.69. Choice boxes finished Monday $2.09 higher to $220.13, while Select boxes increased $1.40 to $194.44. USDA estimated FI cattle slaughter for Monday was 118,000 head, up 1,000 head from last week and even with the same Monday last year. OCT 19 Cattle closed at $110.950, up $0.475, DEC 19 Cattle closed at $113.875, up $0.25, FEB 20 Cattle closed at $119.225, up $0.15, OCT 19... Read more
- Livestock Roundup
Cattle on Feed report this Friday
- MARKET UPDATE - GRAINS, MEATS, SOFTS
ARE HOGS FINALLY GOING TO FILL THEIR GAP? Twice they have started to fill the gap made in September and twice they abruptly stopped and........
- Heartland Daily Newsletter - Grains and Cattle
Grain futures have a habit of making price turns at the end of the month/1st the month, with another minor change of course also at the midpoint of the...
- Traders Remain Quiet While Waiting for Harvest Updates
Traders Remain Quiet While Waiting for Harvest Updates
- Friday, Livestock Comments
Lots of red ink with the critters and the Dow
- Traders Look to Latest in Demand Numbers
Traders Look to Latest in Demand Numbers