Feeder Cattle Nov '22 (GFX22)
Feeder Cattle Futures Market News and Commentary
Live cattle futures posted $1.70 to $2.80 losses across most front months. Open interest suggested longs exiting, down 2,268 contracts Cash trade has been quiet this week, with a few bids of $260. Last week settled in at $256-260, with southern action $256-258 and northern trade at $258-260. Feeder cattle futures closed Tuesday with contracts down $2.50 to $7.30 on the session. The CME Feeder Cattle Index was back down $1.48 to $374.37 on May 11.
The Tuesday APHIS update on the New World Screwworm showed a total of 1,701 active cases of in Mexico as of Monday. There were 139 active cases in the bordering state of Tamaulipas (7 within a range of 96-97 miles of the US border), 51 active in Nuevo Leon (14 within a range of 79-99 miles of the US border), and 15 in Coahuila.
Wholesale Boxed Beef prices were higher in the Tuesday afternoon report, with the Chc/Sel spread at a 54 cent premium to Select. Choice boxes were down 49 cents to $390.73, while Select was 22 cents lower... Read more
Barchart · 1 hour ago
Lean hog futures posted losses of 75 cents to $1.80 across most contracts on Tuesday, with May up a nickel. Open interest was up 4,306 contracts. USDA’s...
Barchart · 1 hour ago
Live cattle futures posted $1.70 to $2.80 losses across most front months. Open interest suggested longs exiting, down 2,268 contracts Cash trade has been...
Barchart · Tue May 12, 5:27PM CDT
Live cattle futures posted $1.70 to $2.80 losses across most front months. Cash trade has been quiet this week, with a few bids of $260. Last week settled...
Barchart · Tue May 12, 5:27PM CDT
Lean hog futures posted losses of 75 cents to $1.80 across most contracts on Tuesday, with May up a nickel. USDA’s national base hog price was reported...
Walsh Trading · Tue May 12, 4:28PM CDT
WASDE Report Sends the Grains Higher - Nervous Livestock Markets Dive Lower
Swift Trading Company · Tue May 12, 3:30PM CDT
Today's market venue is not for the faint of heart. Massive volatility and price expanse are expected to inflict heavy casualties in the cattle industry....
Barchart · 4 minutes ago
This inverse ETF lets you profit from a major decline in the S&P 500.
Barchart · 4 minutes ago
Amid concerns about an AI bubble, Bernstein analysts think Nvidia is trading at a relatively low valuation.
Barchart · 14 minutes ago
CoreWeave posted strong first-quarter results on May 7, following which analysts have pointed toward its massive backlog as a reason to buy the stock.
Barchart · 19 minutes ago
Generative AI destroyed Chegg's business model in record time, and the education company's huge collapse is an important cautionary tale on AI disruption....
Barchart · 22 minutes ago
Cirrus Logic is up on earnings, which analysts attribute to a win with Face ID.
Barchart · 34 minutes ago
ZoomInfo stock cratered after sweeping layoffs and weak guidance reignited fears that AI could disrupt the company’s core sales-intelligence business....
Barchart · 42 minutes ago
Our senior market strategist explains why Fervo is one of the few IPOs to catch his eye, and what investors need to know now.
Barchart · 44 minutes ago
Although Goldman Sachs has exceeded the broader market over the past 52 weeks, Wall Street analysts remain cautiously optimistic about the stock's prospects....
