- Soybeans November 2018
Market Research of Consistent Accuracy
- Be Patient
With the lean hog index at $85.79...
- Weekly Pork Export Sales Struggling
Cash hog prices are called lower for today as packers so no remorse about backing off the cash at a time of year in which this is very rare. Weekly beef...
- Grains:The Weakest of Markets
When June 15 rolls around....
- Wheat Quality Suffering
We Need Drier Conditions for a few Weeks
- Planted Acreage Data Next Week Could Provide Surprises
Planted Acreage Data Next Week Could Provide Surprises
Agricharts Market Commentary
Live cattle futures closed the Thursday session with most contracts 27.5 to 52.5 cents in the red. Feeder cattle futures were down 60 to 95 cents on the day. The CME feeder cattle index was up 80 cents from the previous day at $142.21 on June 20. Wholesale boxed beef values were mixed on Thursday afternoon. Choice boxes were down 88 cents to $217.41, with Select boxes 56 cents higher at $201.61. That tightened the Ch/SE spread to $15.80. USDA estimated FI cattle slaughter at 478,000 head through Thursday. That is 10,000 head above last week and the same time last year. June 1 cattle on feed is expected to be seen at 11.47 million head, 3.4% above last year. Beef export sales in the week of June 14 were reported at 16,716 MT. Exports totaled a MY high 18,640 MT. Yesterday's FCE auction saw sales of $110, with bids still reported in the $108 area on Thursday.Jun 18 Cattle closed at $108.650, down $0.375,Aug 18 Cattle closed at $106.125, down $0.525,Oct 18 Cattle closed at $109.000, down $0.275,Aug 18 Feeder Cattle closed at $148.475, down $0.950Sep 18 Feeder Cattle closed at $149.250, down $0.700Oct 18 Feeder Cattle closed at $149.025, down $0.600
Lean hog futures settled the day with 25 to 57.5 cent gains on Thursday. The CME Lean Hog Index was up another $1.09 to $85.14 on June 19. The USDA pork carcass cutout value was reported at $85.04 on Thursday afternoon, up 16 cents. The national base carcass price was down 81 cents in the Thursday PM report, averaging $81.74. The USDA estimated FI hog slaughter at 1.744 million head so far this week. That is down 38,000 head from last week on lower Monday slaughter but up 9,000 head from a year ago. Export sales of pork were reported at 9,562 MT this morning. Export shipments of pork in the week of 6/14 totaled 19,477 MT.Jul 18 Hogs closed at $80.475, up $0.450,Aug 18 Hogs closed at $75.725, up $0.575Oct 18 Hogs closed at $61.525, up $0.250