Live Cattle Dec '18 (LEZ18)
Live Cattle Futures Market News and Commentary
Live cattle futures are up by 12 to 32 cents in the front months, while feeder cattle futures are lower by 30 to 57 cents. The Cargill plant in Dodge City is back online today after an explosion left them shutdown late last week. China has lifted the 20-year ban on British beef, the two countries have finalized a 5 year trade deal worth over £230 million. Cash cattle traded at $107-109 Friday, and $173-175 in the meat. The 10/17 CME Feeder Cattle index saw another 45 cent increase, and is up to $145.60. Wholesale boxed beef prices widen Monday’s ch/s spread to 26.52. Choice boxes are $1.50 higher to $219.54, while Select boxes are showing a 3 cent decrease to $193.01. USDA estimated FI cattle slaughter for last week @ 642,000 head. That is 10,000 head above the same week last year keeping the YTD ahead of last year’s pace by 280,000 head, at 26.5 million head. OCT 19 Cattle are at $110.800, up $0.325, DEC 19 Cattle are at $113.900, up $0.275, FEB 20 Cattle are at $119.200,... Read more
- Heartland Daily Newsletter - Grains and Cattle
Grain futures have a habit of making price turns at the end of the month/1st the month, with another minor change of course also at the midpoint of the...
- Traders Remain Quiet While Waiting for Harvest Updates
Traders Remain Quiet While Waiting for Harvest Updates
- Friday, Livestock Comments
Lots of red ink with the critters and the Dow
- Traders Look to Latest in Demand Numbers
Traders Look to Latest in Demand Numbers
- Livestock Report
Hogs and Feeders fall cattle ekes out a small gain
- Live Cattle Charts Showing Planetary Angle Lines, Time Cycles & Price Targets
Below is a daily February live cattle chart showing planetary angle lines. I used a price per degree of .08.