Feeder Cattle Mar '24 (GFH24)
Feeder Cattle Futures Market News and Commentary
Live cattle futures are mostly higher on Friday with contracts a tick to 30 cents higher, and newly appointed June down 50 cents. Cash trade got kicked off early again this week, starting at $250-252 across the country and working up to $256-257 on Wednesday. Feeder cattle futures are trading with 77 cent to $1 gains on Friday. The CME Feeder Cattle Index was up $2.67 to $372.47 on April 29.Â
The Thursday update from APHIS showed a total of 1,647 active cases of new world screwworm in Mexico as of Wednesday. There were 132 active cases in the bordering state of Tamaulipas, with 11 active in Nuevo Leon, and the first case showing up in the bordering state of Coahuila.
Wholesale Boxed Beef prices were lower in the Friday morning report, with the Chc/Sel at $2.76. Choice boxes were down 24 cents to $389.29, while Select was $1.65 lower at $386.52. USDA estimated federally inspected cattle slaughter at 110,000 head for Thursday, taking the weekly total to 434,000 head. That... Read more
Barchart · 1 hour ago
Live cattle futures are mostly higher on Friday with contracts a tick to 30 cents higher, and newly appointed June down 50 cents. Cash trade got kicked...
Barchart · 1 hour ago
Lean hog futures are falling back on Friday with losses of 45 cent to $1.60 at midday. USDA’s national base hog price was reported at $92.51 on Friday...
Barchart · 1 hour ago
Crude oil, gasoline, gasoline refining spreads, bitcoin, and cotton futures posted double-digit percentage gains in April, while Rotterdam coal, natural...
Barchart · Fri May 1, 7:35AM CDT
Live cattle futures posted mixed trade at the close, with contracts down $1.25 to $1.60 higher in the expiring April contract. Cash trade got kicked off...
Barchart · Fri May 1, 7:35AM CDT
Lean hog futures were down 25 cents to $1.65 at the Thursday close. Open interest suggested some modest long liquidation, down 3,105 contracts. USDA’s...
Barchart · Thu Apr 30, 5:00PM CDT
Live cattle futures posted mixed trade at the close, with contracts down $1.25 to $1.60 higher in the expiring April contract. Cash trade got kicked off...
Barchart · 9 minutes ago
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