Live Cattle Apr '23 (LEJ23)
Live Cattle Futures Market News and Commentary
Live cattle futures closed the Wednesday session with losses of 90 cents to $2.52. Â Cash trade has been limited so far this week with a few $260 sales in KS and $265 in the North. The Wednesday Fed Cattle Exchange online auction showed no sales on the 652 head offered, with bids of $259-260. Feeder cattle futures rallied late into the Wednesday close, as contracts were up 52 cents to $2.125 on the day. The CME Feeder Cattle Index was down $2.98 to $372.44 on May 19.Â
Cargill’s Fort Morgan, CO, beef plant has initiated a lockout of employees following months of bargaining and negotiations. While the 4,700 capacity plant being offline does limit kill capacity, most affect will likely see cattle shifted around to other plants. Slaughter ready cattle supplies still remain tight.
Wholesale Boxed Beef prices were lower in the Wednesday afternoon report, with the Chc/Sel spread at $2.49. Choice boxes were down $2.13 to $393.62, while Select was $2.45 lower at $394.86. USDA esti... Read more
Barchart · Wed May 20, 5:02PM CDT
Live cattle futures closed the Wednesday session with losses of 90 cents to $2.52. Cash trade has been limited so far this week with a few $260 sales...
Barchart · Wed May 20, 5:02PM CDT
Lean hog futures closed the Wednesday session with contracts 17 cents to $1 lower across most months. USDA’s national base hog price was reported at...
Blue Line Futures · Wed May 20, 3:30PM CDT
If you came in this morning looking for a quiet Wednesday, the market had other plans. Grains got taken to the woodshed, and the fingerprints all over...
Swift Trading Company · Wed May 20, 3:24PM CDT
If I thought Tuesday was odd, what am I thinking today? I am in awe of the dynamic price movement, both higher and lower reflecting how discombobbled...
Barchart · Wed May 20, 1:13PM CDT
Barchart Senior Market Analyst Darin Newsom breaks down the morning's downward trend in grain and livestock futures, advising market participants to look...
Barchart · Wed May 20, 12:25PM CDT
Live cattle futures are falling on Wednesday, with contracts down $1.52 to $4.10 at midday. Cash trade has been limited so far this week after $260-265...
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