Live Cattle Aug '24 (LEQ24)
Live Cattle Futures Market News and Commentary
Live cattle futures are kicking off Monday with losses of $2.47 to $3.12. Cash trade from last week started at $250-252 across the country and worked up to $256-257. Feeder cattle futures are falling $6.07 to $7.50 at midday. The CME Feeder Cattle Index was up $1.56 to $374.03 on April 30. The weekly OKC feeder cattle auction has an estimated 7,000 head for sale.
Managed money increased their net long in live cattle futures and options by 1,796 contracts in the week ending on April 28, taking it to 136,591 contracts. In feeder cattle futures/options spec funds cut back 1,676 contracts from their net long to 17,089 contracts.
Wholesale Boxed Beef prices were higher in the Monday morning report, with the Chc/Sel at $2.77. Choice boxes were up $2.54 to $390.65, while Select was $1.83 higher at $388.88. USDA estimated federally inspected cattle slaughter for last week at 534,000 head. That is up 5,000 head from last week and 28,668 head below the same week last year. Â
Barchart · 1 hour ago
Lean hog futures are trading with contracts 97 cents to $1.50 lower at midday. USDA’s national base hog price was not reported on Monday morning due...
Barchart · 1 hour ago
Live cattle futures are kicking off Monday with losses of $2.47 to $3.12. Cash trade from last week started at $250-252 across the country and worked up...
Barchart · Mon May 4, 10:13AM CDT
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Live cattle futures closed the Friday session with contracts down 40 cents to $1.02, as June was still up $7.77 on the week. Open interest on Friday suggested...
Barchart · Mon May 4, 7:28AM CDT
Lean hog futures posted losses of 62 cents to $1.67 at the Friday close, with June slipping 62 cents on the week. USDA’s national base hog price was...
Sidwell Strategies · Sat May 2, 11:32AM CDT
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