Live Cattle Jun '20 (LEM20)
Live Cattle Futures Market News and Commentary
Live cattle futures posted $1.52 to $2.52 losses on Tuesday. Open interest slipped back 1,458 contracts on Tuesday. Early cash trade this week has been quiet with a few light sales of $246 floating around in KS, but not enough for a trend. Feeder cattle futures were $2.20 to $2.55 lower at the close. OI suggested new selling interest, rising 1,253 contracts. The CME Feeder Cattle Index was down $1.32 to $374.37 on April 20. The OKC feeder cattle auction had 5,867 head sold with feeders steady to $2-4 lower.Â
The Tuesday update from APHIS on the New World Screwworm showed active cases in Mexico at 1,395. There were 102 active cases in the bordering state of Tamaulipas, with 5 reported in Nuevo Leon.
Wholesale Boxed Beef prices were lower in the Tuesday afternoon report, with the Chc/Sel at $1.02 premium for select. Choice boxes were up $2.62 to $386.18, while Select was $3.59 higher at $387.20. USDA estimated federally inspected cattle slaughter at 111,000 head for Tuesda... Read more
Barchart · 1 hour ago
Consider buying a put option on June live cattle futures.
Barchart · Wed Apr 22, 7:31AM CDT
Lean hog futures saw a Tuesday recovery after gapping higher, with contracts up 12 cents to $1.47 at the close. Open interest was down 1,633 contracts....
Barchart · Wed Apr 22, 7:31AM CDT
Live cattle futures posted $1.52 to $2.52 losses on Tuesday. Open interest slipped back 1,458 contracts on Tuesday. Early cash trade this week has been...
Barchart · Tue Apr 21, 5:11PM CDT
Lean hog futures saw a Tuesday recovery after gapping higher, with contracts up 12 cents to $1.47 at the close. USDA’s national base hog price was reported...
Barchart · Tue Apr 21, 5:11PM CDT
Live cattle futures posted $1.52 to $2.52 losses on Tuesday. Early cash trade this week has been quiet with a few light sales of $246 floating around in...
Walsh Trading · Tue Apr 21, 4:14PM CDT
We could see a lower trade across the board tomorrow. Risk Off Environment
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This options trading strategy lets you profit no matter where oil prices head next.
