Live Cattle Aug '18 (LEQ18)
Live Cattle Futures Market News and Commentary
Live cattle futures posted losses of 97 cents to $2.67 across most contracts on Friday. August was down $10.77 this week. Cash trade settled in at $238-240 in the north this week, with Southern trade at $237-238. Feeder cattle futures were down 65 cents to $2.20 on Friday, with August dropping back $8.65. The CME Feeder Cattle Index was down another $1.49 on July 16 to $364.03.Â
The Friday Commitment of Traders report showed managed money cutting back another 16,997 contracts from their net long in live cattle futures and options to 96,324 contracts as of Tuesday. In feeder cattle futures and options spec funds were busy slashing another 3,810 contracts from the net long as of July 14 to 9,880 contracts.
Wholesale Boxed Beef prices were quoted lower in the Friday PM report. Choice boxes were $1.57 lower at $366.81, with Select down 40 cents to $355.29. USDA’s Federally inspected cattle slaughter for the week totaled 525,000 head through Saturday. That is down 4,000 head... Read more
Walsh Trading · Fri Jul 17, 6:57PM CDT
Cattle markets sink to new lows, taking cash prices with t
Barchart · Fri Jul 17, 3:55PM CDT
Lean hog futures posted mostly higher trad on Friday, with contracts up 25 cents to $1.37 at the close. August was up $2.65 this week. USDA’s national...
Barchart · Fri Jul 17, 3:55PM CDT
Live cattle futures posted losses of 97 cents to $2.67 across most contracts on Friday. August was down $10.77 this week. Cash trade settled in at $238-240...
Swift Trading Company · Fri Jul 17, 1:52PM CDT
In my opinion, increasing imported beef is undercutting US beef production from US cattle.
DeCarley Trading · Fri Jul 17, 1:46PM CDT
Less liquidity means smaller rallies
Barchart · Fri Jul 17, 12:00PM CDT
Live cattle futures are trading with $1.77 to $2.17 losses across most contracts on Friday. Cash trade started to pick up, with a few light northern sales...
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