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Wed, Jun 20th, 2018
[[ timeframe ]] futures price quotes as of Wed, Jun 20th, 2018.
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
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Agricharts Market Commentary

Wed Jun 20, 7:20AM CDT
Lean hog futures were down $1.70 to $1.85 in the nearby contracts on Turnaround Tuesday. The CME Lean Hog Index was up another $1.42 to $82.86 on June 15. The USDA pork carcass cutout value was reported at $84.71 in the Tuesday PM report, up 30 cents. The belly, picnic, and ham primal cuts were reported lower. The national base carcass price was up 34 cents on Tuesday afternoon, averaging $83.16. The USDA estimated FI hog slaughter at 863,000 head so far this week. That is down 30,000 head from last week on lower Monday slaughter but up 2,000 head from a year ago.
Wed Jun 20, 7:20AM CDT
Live cattle futures finished the day with 22.5 cent to $1.25 gains. Feeder cattle futures were up 65 to 77.5 cents. The CME feeder cattle index was up 20 cents from the previous day at $141.48 on June 18. Wholesale boxed beef values were lower on Tuesday afternoon. Choice boxes were down $1.01 to $219.70, with Select boxes $1.90 lower at $202.30. Estimated FI cattle slaughter was shown at 238,000 head through Tuesday by the USDA. That is even with last week and 3,000 head above last year. Wednesday’s FCE online auction has a total of 2,125 head for sale. A Reuters survey shows expectations ahead of Friday’s Cattle on Feed report (released at 2:00 p.m. CDT) are for May placements to be down 4.4% from last year at 2.026 million head.
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