Live Cattle Dec '16 (LEZ16)
Live Cattle Futures Market News and Commentary
Live cattle futures saw gains of 75 cents to $2.05 across the board on Monday. Cash trade felt softer last week to $255-258 across the country. Feeder cattle futures were $3.12 to $3.625 higher on the Monday session. The CME Feeder Cattle Index was back down $6.26 on May 29 to $367.14. Late Friday a new world screwworm case in Mexico was reported within 25 miles of the US border. The weekly OKC auction has an estimated 5,500 head for sale, with feeders noted $5-15 lower, as calves were down $10-20.
The weekly NASS Crop Progress report showed the US pasture rating at 30% gd/ex, up 1% from the week prior. The Brugler500 index was up 5 points to 272.
Wholesale Boxed Beef prices were mixed in the Monday PM report, with the Chc/Sel spread at $9.74. Choice boxes were up $1.36 cents to $392.83, while Select was 9 cents lower at $383.09. USDA estimated federally inspected cattle slaughter for Monday at 104,000 head, which was down 10,635 head from the same Monday last year.
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Barchart · Tue Jun 2, 7:22AM CDT
Lean hog futures are trading with losses of 75 cents to $1.12 at the close, with July 35 cents higher. Open interest suggested modest new selling interest,...
Barchart · Tue Jun 2, 7:22AM CDT
Live cattle futures saw gains of 75 cents to $2.05 across the board on Monday. Cash trade felt softer last week to $255-258 across the country. Feeder...
Barchart · Mon Jun 1, 5:24PM CDT
Lean hog futures are trading with losses of 75 cents to $1.12 at the close, with July 35 cents higher. USDA’s national base hog price was reported at...
Barchart · Mon Jun 1, 5:24PM CDT
Live cattle futures saw gains of 75 cents to $2.05 across the board on Monday. Cash trade felt softer last week to $255-258 across the country. Feeder...
Walsh Trading · Mon Jun 1, 3:51PM CDT
Hogs Fail at resistance close near thelow
Swift Trading Company · Mon Jun 1, 2:57PM CDT
After a few short flurries of price action, traders settled down into a narrower trading range to finish the day.
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