Feeder Cattle Sep '23 (GFU23)
Feeder Cattle Futures Market News and Commentary
Live cattle futures are in rally mode on Thursday, with bulls active across most contracts, up $2.80 to $5.02 Cash trade started this week at $255, with more action at $256 later in the week. The Thursday Fed Cattle Exchange showed sales of $256.50 on 284 of the 1,116 head offered and another $405-$405.50 dressed sales on another 80 head. Feeder cattle futures are buying the fact following the screwworm confirmation late on Wednesday, with contracts up $10.50 to $10.75 at midday hitting the $10.75 limit up during the session in several contracts. The CME Feeder Cattle Index was down another 12 cents on June 1 to $364.14.Â
Late on Wednesday evening, the USDA confirmed a case of the New World Screwworm in South Texas after testing a suspected case in a 3-week old calf in Zavala county. It’s important to remember there should be no food safety concerns associated with the screwworm.
The weekly Export Sales report showed 5,020 MT of beef sold for 2026 in the week ending on M... Read more
Barchart · 2 minutes ago
Live cattle futures were in rally mode on Thursday with gains of $2.55 to $4.80. Cash trade has crept up to $256-257 the week, with sales of $403-407 in...
Barchart · 2 minutes ago
Lean hog futures posted 30 to 70 cent losses on Thursday. USDA’s national base hog price was reported at $95.66 on Thursday PM, up $1.30 from the day...
Walsh Trading · 1 hour ago
What a Day! The Cattle and Grain Markets Are Not Done Yet...
Walsh Trading · 1 hour ago
WALSH PURE SPREADER - Pure Hedge Division
Blue Line Futures · 1 hour ago
Grains kept bleeding into the afternoon, with corn hitting fresh contract lows, soybeans finally cracking 30-plus cents, and wheat grinding toward key...
Swift Trading Company · Thu Jun 4, 3:00PM CDT
This is no place for the weak at heart. Few fundamentals appeared to have changed this week, leading me to anticipate more volatility and price expanse....
Barchart · 1 minute ago
Soybeans fell 20 to 27 cents across most contracts on Thursday, as product values added some pressure. The cmdtyView national average Cash Bean price...
Barchart · 1 minute ago
Corn futures continued their death spiral liquidation from the last few weeks, with contracts down another 5 to 8 1/4 cents at the close. The CmdtyView...
Barchart · 1 minute ago
Live cattle futures were in rally mode on Thursday with gains of $2.55 to $4.80. Cash trade has crept up to $256-257 the week, with sales of $403-407 in...
Barchart · 1 minute ago
Lean hog futures posted 30 to 70 cent losses on Thursday. USDA’s national base hog price was reported at $95.66 on Thursday PM, up $1.30 from the day...
Barchart · 1 minute ago
The wheat complex extended the weakness on Thursday, with losses across the three markets. Chicago SRW futures fell 5 1/2 to 7 1/2 cents on Thursday. KC...
Barchart · 1 hour ago
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Barchart · 1 hour ago
Aon has considerably underperformed the Nasdaq recently, yet analysts remain moderately optimistic about the stock’s prospects.
Barchart · 1 hour ago
Broadcom shares sank and dragged the entire chip sector with them as the company missed on Q2 revenue and left AI guidance unchanged. Jefferies recommends...
