Live Cattle Oct '23 (LEV23)
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 · 1 minute ago
Live cattle futures are $3 to $4.90 across most contracts on Thursday. Cash trade has been limited so far this week with a few $260 sales in KS and $265...
Barchart · 1 minute ago
Lean hog futures are down $1.65 to $1.92 across most contracts on Thursday. USDA’s national base hog price was not reported on Thursday morning due to...
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...
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...
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 · 1 minute ago
Cotton futures are trading with contracts down 300 to 366 points on the Thursday session. The US dollar index was $0.306 higher at $99.320. Crude oil is...
Barchart · 1 minute ago
Corn futures are trading with contracts steady to fractionally higher on Thursday. The CmdtyView national average Cash Corn price is up 3/4 cent to $4.26...
Barchart · 1 minute ago
Live cattle futures are $3 to $4.90 across most contracts on Thursday. Cash trade has been limited so far this week with a few $260 sales in KS and $265...
Barchart · 1 minute ago
Lean hog futures are down $1.65 to $1.92 across most contracts on Thursday. USDA’s national base hog price was not reported on Thursday morning due to...
Barchart · 1 minute ago
Soybeans are trading with 2 to 4 cent losses in most contracts on Thursday. The cmdtyView national average Cash Bean price is down 3 1/4 cents at $11.34...
Barchart · 1 minute ago
The wheat complex is trading with weakness on Thursday. Chicago SRW futures are down 8 to 9 cents at midday. KC HRW futures are showing 5 to 6 ½ cent...
Barchart · 41 minutes ago
T1 Energy stock experiences a powerful short squeeze following Fuzzy Panda’s short report. Roth Capital and Situational Awareness are also bullish on...
Barchart · 56 minutes ago
The layoffs will represent about 17% of its personnel.
