- Livestock Roundup (4.19.18)
BIG Cattle on Feed report tomorrow
- Weekly Beef Export Sales Strong, Up 18 Percent
Futures volume on the rally Wednesday was reported at 52,300 with hog volume larger than that of LC cattle. Weekly beef export sales were solid, up 18%...
- Calm Before The Storm?
I expect all hell to...
- Daily Grain Market Update (4.19.18)
Price is what you pay, value is what you get
- Grain Markets Hang on Map Updates
Grain markets are keeping a close eye on extendedweather maps. As rains are added or removed from forecasts, wheat especially, responds. This mornings...
- AUDUSD Weekly MACD Trying to Positively Cross
The AUDUSD continues a week plus grind higher, nearing completion of the consolidation following the break above descending wedge resistance (on the daily...
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Lean hog futures finished Thursday with mixed trade, as nearby May was the only contract higher. The CME Lean Hog Index was up $1.03 from the previous day to $55.05. The USDA pork carcass cutout value was up 4 cents at $68.42 this afternoon. The national base hog weighted average price was $3.16 higher at $57.33 in the Thursday afternoon report. The USDA estimated week to date FI hog slaughter of 1.858 million head through Thursday. That was up 26,000 head from last week. Last week’s pork export sales totaled 17,921 MT, 17.8% lower than the previous week and just half of what was reported for the same week last year. Pork export shipments were down 29.5% from last week at 16,146 MT.May 18 Hogs closed at $70.150, up $0.300,Jun 18 Hogs closed at $78.075, down $0.450Jul 18 Hogs closed at $80.700, down $0.350
Live cattle futures posted losses of $1.175 to $2.275 on Thursday. Feeder cattle futures were down $1.525 to $2.35. The CME feeder cattle index was down 78 cents on April 18 at $137.12. Wholesale boxed beef values were lower on Thursday afternoon. Choice boxes were 30 cents lower at $211.34, with Select boxes down 9 cents at $198.48. Estimated week to date FI cattle slaughter was 470,000 head through Thursday. That is 5,000 below the previous week but up 13,000 head from the same week in 2017. Cash trade so far today has resulted in a few sales of $121 in TX and $122 in KS, with bids of $190 in the North. Export sales of beef for the week of 4/12 were shown at 19,919 MT by the USDA, down from last week but 1.4% larger than a year ago. Weekly beef export shipments totaled 15,235 MT, slightly higher than a week ago and 11.37% larger than last year.Apr 18 Cattle closed at $117.800, down $1.175,Jun 18 Cattle closed at $103.000, down $2.275,Aug 18 Cattle closed at $103.125, down $2.025,Apr 18 Feeder Cattle closed at $137.225, down $1.525May 18 Feeder Cattle closed at $138.425, down $2.250Aug 18 Feeder Cattle closed at $143.700, down $2.350