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- Livestock Report
pull back in cattle
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- Daily Livestock Technicals & Fundamentals (10.22.18)
Will cattle continue to surge higher?
cmdty Insider - Ag Market Commentary
Live cattle futures settled Tuesday with most contracts steady to 95 cents lower. Feeder cattle futures were down 50 cents to $1.05 on the day. The CME feeder cattle index was down 31 cents on October 22 at $155.06. Wholesale boxed beef prices were mixed on Tuesday afternoon. Choice boxes were up $1 @ $210.28, with Select 80 cents lower at $196.86. USDA estimated FI cattle slaughter at 119,000 head on Tuesday, totaling 237,000 head WTD. That is 3,000 above the previous week and up 4,000 from the same date last year.Oct 18 Cattle closed at $112.775, down $0.025,Dec 18 Cattle closed at $117.150, down $0.925,Feb 19 Cattle closed at $121.925, down $0.550,Oct 18 Feeder Cattle closed at $155.075, down $0.575Nov 18 Feeder Cattle closed at $155.875, down $1.050Jan 19 Feeder Cattle closed at $150.850, down $0.875--provided by Brugler Marketing & Management, Call (402) 289-2330
Lean Hogs ended the Tuesday session with most contracts $1 to $1.80 higher. The CME Lean Hog Index was down 79 cents from the previous day @ $66.43 on October 19. The USDA pork carcass cutout value was 53 cents lower @ $77.86 in the Tuesday PM report. The national base hog carcass value was not reported due to submission issues. USDA FI hog slaughter was estimated at 477,000 head on Tuesday, bringing the weekly total to 952,000 head. That is up 16,000 from the previous week and 13,000 higher than the same week in 2017.Dec 18 Hogs closed at $54.525, up $1.350,Feb 19 Hogs closed at $61.425, up $1.125Apr 19 Hogs closed at $67.625, up $1.475--Call Brugler Marketing & Management @ (402) 289-2330 with questions or news tips.