Live Cattle Feb '23 (LEG23)
Live Cattle Futures Market News and Commentary
Live cattle futures faced Friday pressure, but bounced off the lows to close with contracts 85 cents to $2.60 lower. August was $8.07 lower on the week. There were no new deliveries issued against August futures on Friday. Cash trade rounded out the week with $225-228 sales in the North and some $228 Southern sales. Feeder cattle futures saw losses of $2 to $4.05 across the board on Friday, with August falling $10.82 on the day. The CME Feeder Cattle Index was back down $3.43 on August 13 to $348.50.
Late on Thursday, Tyson announced it will shut its Joslin, IL plant (3,000 hd/day) and sell it’s Pasco, WA plant (2,000 hd/day). They also announced the Amarillo, TX plant will ramp up production after cutting back kill last fall.
Commitment of Traders data showed managed money trimming another 1,405 contracts from their net long in live cattle futures and options to 64,662 contracts as of Tuesday. In feeder cattle futures and options specs added just 133 contracts to the... Read more
Walsh Trading · Sat Aug 15, 10:48AM CDT
Tyson to shutdown two plants and sell another
Sidwell Strategies · Sat Aug 15, 8:41AM CDT
Cattle-on-Feed next Friday
Barchart · Fri Aug 14, 4:53PM CDT
Lean hog futures slipped lower on Friday, with contracts down 7 to 62 cents, as October was down just 47 cents on the week. USDA’s national base hog...
Barchart · Fri Aug 14, 4:53PM CDT
Live cattle futures faced Friday pressure, but bounced off the lows to close with contracts 85 cents to $2.60 lower. August was $8.07 lower on the week....
Swift Trading Company · Fri Aug 14, 2:26PM CDT
In my opinion, traders started digging the Tiger trap early this week, believed in expectation of Friday's news.
Barchart · Fri Aug 14, 12:15PM CDT
Live cattle futures are falling lower on Friday pressured by weaker cash and the Tyson closure, as contracts are down $3.12 to $5. Cash trade has been...
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