- 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
- Lean Hogs August 2018
Market Research of Consistent Accuracy
- Planted Acreage Data Next Week Could Provide Surprises
Planted Acreage Data Next Week Could Provide Surprises
- Livestock Report
Hogs limit down Cattle making new highs
Agricharts Market Commentary
Live cattle futures are down 15 to 27.5 cents in the front months at midday. Feeder cattle are mostly down 32.5 to 72.5 cents. The CME feeder cattle index was down 7 cents from the previous day on June 19 at $141.41. Wholesale boxed beef values were mixed on Thursday morning. Choice boxes were down 89 cents to $217.40, with Select boxes 37 cents higher at $201.42. Estimated FI cattle slaughter was shown at 357,000 head through Wednesday by the USDA. That is 5,000 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. Yesterday's FCE auction saw sales of $110, with bids still reported in the $108 area so far on Thursday.Jun 18 Cattle are at $108.875, down $0.150,Aug 18 Cattle are at $106.375, down $0.275,Oct 18 Cattle are at $109.125, down $0.150,Aug 18 Feeder Cattle are at $148.700, down $0.725Sep 18 Feeder Cattle are at $149.450, down $0.500Oct 18 Feeder Cattle are at $149.300, down $0.325
Lean hog futures are trading 15 top 37.5 cents higher in the nearby contracts on Thursday, with back months lower. 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 $84.70 in the Thursday AM report, down 18 cents. The loin and butt were the only primal cuts reported lower. The national base carcass price was down 47 cents on Thursday morning, averaging $82.08. The USDA estimated FI hog slaughter at 1.306 million head so far this week. That is down 33,000 head from last week on lower Monday slaughter but up 8,000 head from a year ago. Export sales of pork were reported at 9,562 MT this morning.Jul 18 Hogs are at $80.400, up $0.375,Aug 18 Hogs are at $75.300, up $0.150Oct 18 Hogs are at $61.050, down $0.225