- Cash Hog Prices Call Higher to Sharply Higher
The advances in the cash hog market seem to be accelerating instead of slowing. Weekly beef export sales were sluggish, down 16% from the 4-week average....
- Daily Livestock Technicals and Fundamentals (9.20.18)
Will cattle move before the Cattle on Feed report?
- Grain Markets Rebound While Trade Troubles Escalate
Grain Markets Rebound While Trade Troubles Escalate
cmdty Insider - Ag Market Commentary
Lean hog futures closed with the front months up 37.5 cents to $1.25 on Thursday and deferred contracts lower. The CME Lean Hog Index was up $1.41 on September 18 to $55.99. The USDA pork carcass cutout value was 56 cents higher at $78.95 in the this afternoon’s FOB plant report. The national base hog carcass value was up $2.17 @ $58.40 on Thursday afternoon. Week to date FI hog slaughter through Thursday was estimated at 1.709 million head. That is down 40,000 head from last week and 108,000 head from the same week last year. Pork export sales during the week that ended on 9/13 were reported at 22,856 MT. Shipments in that week were at 20,761 MT.OCT 18 Hogs closed at $61.250, up $1.250,DEC 18 Hogs closed at $58.275, up $0.375FEB 19 Hogs closed at $65.625, down $0.325
Live cattle futures ended Thursday with most contracts steady to 65 cents in the red. Feeder cattle futures were down 10 to 60 cents, with nearby Sept up 50 cents. The CME feeder cattle index on September 19 was up $1.38 at $154.46. Wholesale boxed beef values were higher on Thursday afternoon. Choice boxes were up 27 cents to $204.52, while Select boxes were 73 cents higher at $194.91. USDA estimated FI cattle slaughter at 473,000 head through Thursday. That is down 3,000 from last week but 7,000 head above the same week in 2017. Analysts are expecting (Reuters survey) that the USDA will show September 1 Cattle on Feed at 11.067 million head, up 5.4% from last year. Export sales of 15,894 MT for beef in the week of 9/13 were reported this morning. Weekly exports were shown at 17,336 MT. A few dressed sales of $175 in the North were reported on Thursday.OCT 18 Cattle closed at $112.450, down $0.650,DEC 18 Cattle closed at $117.900, down $0.075,FEB 19 Cattle closed at $121.600, down $0.250,SEP 18 Feeder Cattle closed at $156.025, up $0.500OCT 18 Feeder Cattle closed at $157.725, down $0.150NOV 18 Feeder Cattle closed at $157.600, down $0.125