Feeder Cattle Aug '23 (GFQ23)
Feeder Cattle Futures Market News and Commentary
Live cattle futures closed mixed on Wednesday, with front months rallying with cash. April, which expires on Thursday was up $4.20, with other contracts down 25 cents to $1.75 higher. Cash trade got kicked off early again this week, starting at $250-252 across the country and working up to $256-257 on Wednesday. The Fed cattle exchange online auction showed sales on 517 of the 1,036 head offered, at $256-258, with one dressed lot at $404. Feeder cattle futures are mixed, with front month and soon to expire (tomorrow) April up 20 cents and other contracts down 55 cents to 37 cents higher. The CME Feeder Cattle Index was up 18 cents to $369.80 on April 28.Â
Wholesale Boxed Beef prices were lower in the Wednesday afternoon report, with the Chc/Sel at $1.80. Choice boxes were down 85 cents to $388.05, while Select was $2.53 lower at $386.25. USDA estimated federally inspected cattle slaughter at 109,000 head for Wednesday, taking the weekly total to 324,000 head. That is up 5,000... Read more
Barchart · Wed Apr 29, 5:05PM CDT
Lean hog futures closed Wednesday with contracts up 25 cents to $1.85 higher. USDA’s national base hog price was reported at $93.25 on Wednesday afternoon,...
Barchart · Wed Apr 29, 5:05PM CDT
Live cattle futures closed mixed on Wednesday, with front months rallying with cash. April, which expires on Thursday was up $4.20, with other contracts...
Swift Trading Company · Wed Apr 29, 3:09PM CDT
There are multiple abnormalities taking place within the industry that are expected to continue to reshape it.
Barchart · Wed Apr 29, 12:08PM CDT
Live cattle futures are rallying in nearby April, up $3.27 to follow cash. Other contracts are 85 cents higher to 20 cents lower. Cash trade got kicked...
Barchart · Wed Apr 29, 12:08PM CDT
Lean hog futures are showing a midweek rally, up 82 cents to $1.85 at midday. USDA’s national base hog price was reported at $92.87 on Wednesday morning,...
Barchart · Wed Apr 29, 7:30AM CDT
Lean hog futures closed the Tuesday session with contracts down 20 to 77 cents. Open interest was up 608 contracts. USDA’s national base hog price was...
Barchart · 6 minutes ago
Cognizant has underperformed the broader market over the past year, and analysts remain cautiously optimistic about the stock’s prospects.
Barchart · 11 minutes ago
As Newmont has notably outperformed the broader market over the past year, Wall Street analysts maintain a highly optimistic outlook about the stock’s...
Barchart · 12 minutes ago
JPMorgan Chase has lagged the broader market over the past year, though analysts maintain a cautiously optimistic outlook on its forward performance.
Barchart · 16 minutes ago
Realty Income has lagged the broader S&P 500 Index over the past year, and Wall Street are maintaining a cautious outlook on its forward performance.
Barchart · 18 minutes ago
While Apollo Global has trailed the broader market over the past year, analysts are fairly upbeat about its future outlook.
Barchart · 24 minutes ago
Although Devon Energy has outpaced the broader market over the past year, analysts remain highly bullish about its long-term prospects.
Barchart · 28 minutes ago
While Mondelez International has lagged the broader market over the past year, analysts maintain a cautiously constructive outlook on its forward performance....
Barchart · 33 minutes ago
The UAE’s decision to exit OPEC/OPEC+ has injected new uncertainty into oil markets and pushed crude prices above $100 per barrel. Low-cost Permian operator...
