Live Cattle Futures Market News and Commentary
The nearby live cattle futures fell another triple digits, led by a $2.05 drop for Feb. Feeders were also red on Monday, closing the session with $3.65 to $3.90 losses of as much as 1.8%. There were no confirmed cash trades on Monday, though trade last week was mostly $174-$175. The 12/1 CME Feeder Cattle Index was $223.27, down by another $2.62.
Afternoon Boxed Beef prices were weaker on Monday, with a $2.47 drop in Choice and a $2.66 weaker Select. USDA reported cattle slaughter at 125k head for Monday, compared to 123k head last week and 125k during the same Monday last year.
Dec 23 Cattle closed at $167.250, down $2.025,
Feb 24 Cattle closed at $167.075, down $2.050,
Apr 24 Cattle closed at $169.700, down $1.925,
Jan 24 Feeder Cattle closed at $210.525, down $3.900
Mar 24 Feeder Cattle closed at $213.575, down $3.650On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of t... Read more
- Hogs Finished Mostly Higher on Monday
Front month lean hog futures were $0.70 to $1.17 higher at the closing bell for the first trade day of the week. Feb contracts settled more than $1 off...
- Cattle Post New Lows for the Move
The nearby live cattle futures fell another triple digits, led by a $2.05 drop for Feb. Feeders were also red on Monday, closing the session with $3.65...
- Hogs consolidate while Cattle Markets Continue Their Descent
Cattle Markets make new lows
- Pure Hedge - Livestock and Grain
Next Levels... Cattle 145? Soybeans $11.50?
- Shootin' the Bull about mounting losses
Losses on fed cattle more than doubled over the previous week. As the highest priced feeder has yet to be slaughtered, the loss projections grow. If...
- Mixed Midday for Hog Market
Monday’s lean hog trading is mostly higher by 30 to 80 cents, save for a 32 cent loss in the Dec contract. The National Average Base Hog price was 57...