Feeder Cattle Oct '24 (GFV24)
Feeder Cattle Futures Market News and Commentary
Live cattle futures started Wednesday with losses, but is slowly pulling off to post midday losses of just 17 to 85 cents. Cash trade started to creep in this week at $255 this week, with $256 bids reported this morning. The Wednesday Fed Cattle Exchange showed sales of $257 on 70 of the 1,256 head offered, with other bids of $250-254. Feeder cattle futures are down $2 to $2.60 in the nearby contracts, after facing early sharp losses. The CME Feeder Cattle Index was down $2.88 on June 1 to $364.26.
The Tuesday APHIS update on the New World Screwworm showed a total of 1,981 active cases of in Mexico as of Monday. There were 181 active cases in the bordering state of Tamaulipas (15 within a range of 74-98 miles of the US border), 96 active in Nuevo Leon (28 within a range of 52-98 miles of the US border), and 31 in Coahuila (18 within 25-97 miles of the US border).
Wholesale Boxed Beef prices were mixed in the Tuesday afternoon report, with the Chc/Sel spread at $11.59. C... Read more
Blue Line Futures · 48 minutes ago
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Barchart · Wed Jun 3, 12:32PM CDT
Lean hog futures are up 25 to 80 cents in the front months on Wednesday. USDA’s national base hog price was reported at $94.37 on Wednesday afternoon,...
Barchart · Wed Jun 3, 12:32PM CDT
Live cattle futures started Wednesday with losses, but is slowly pulling off to post midday losses of just 17 to 85 cents. Cash trade started to creep...
Barchart · Wed Jun 3, 7:27AM CDT
Lean hog futures closed the Tuesday session with contracts 35 cents to $1.80 higher. Open interest was up just 358 contracts on the day. USDA’s national...
Barchart · Wed Jun 3, 7:27AM CDT
Live cattle futures were down 95 cents to $1.80 across the board on Tuesday. Open interest suggested a rotation of ownership, up just 40 contracts. Cash...
Barchart · Tue Jun 2, 5:26PM CDT
Live cattle futures were down 95 cents to $1.80 across the board on Tuesday. Cash trade started to creep in this week a $255 in the south this week, near...
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