Feeder Cattle May '19 (GFK19)
Feeder Cattle Futures Market News and Commentary
Live cattle Oct futures were down by $1.925 at Friday’s close, however that couldn’t erase a wk/wk gain, as future contracts finished $1.025 higher on the week. Feeder cattle futures finish Friday down by $0.70 to $1.475 in the nearby contracts, Nov futures lost $0.60 over the week. Cash cattle traded at $107-108 today, and $173 in the meat. That was down $1-2. Managed money grew their CFTC net long position by 79.34% for cattle to 21,543 contracts. In feeder cattle futures managed money was net short 1,277 contracts as of 10/15. The 10/17 CME Feeder Cattle index saw another 45 cent increase, and is up to $145.60. USDA’s weekly export sales report showed a 7.7% decrease in wk/wk beef exports with 15,124 MT shipped. Net sales are on par, 0.27% lower, than the same week last year at 13,045 sales. Wholesale boxed beef prices narrow the ch/s spread to 25.00 at Friday’s closing. Choice boxes finished 7 cents lower to $218.04, with Select boxes showing a gain of $0.44 up to $193.04. USDA es... Read more
- 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
- Livestock Report
Hogs and Feeders fall cattle ekes out a small gain
- Live Cattle Charts Showing Planetary Angle Lines, Time Cycles & Price Targets
Below is a daily February live cattle chart showing planetary angle lines. I used a price per degree of .08.
- China Headlines News Supportive
Headline news that China is prepared to do some commodity buying ahead of another round of negotiations for phase one lifted the grains overnight. If its...