Futures Prices

Fri Apr 20, 4:53PM CDT
Lean hog futures were mostly 20 to 67.5 cents lower on Friday. The CME Lean Hog Index was up 92 cents from the previous day to $55.97. The USDA pork carcass cutout value was down 51 cents at $67.91 this afternoon. The national base hog weighted average price was 14 cents higher at $57.65 in the Friday afternoon report. The USDA estimated weekly FI hog slaughter of 2.436 million head through Saturday. That is up 64,000 head from last week and well above the same week in 2017. Spec traders in lean hog futures and options flipped their CFTC net position by 2,253 contracts back to a net long position of 758 contracts on Tuesday.May 18 Hogs closed at $69.950, down $0.200,Jun 18 Hogs closed at $77.550, down $0.525Jul 18 Hogs closed at $80.025, down $0.675

Fri Apr 20, 4:53PM CDT
Live cattle futures finished Friday trade with most contracts 50 to 72.5 cents higher. April was up $1.55 on the day, gaining 2.4% on the week. Feeder cattle futures were steady to 90 cent in the green. April was down 1.5% this week. The CME feeder cattle index was down 58 on April 19 at $136.56. Wholesale boxed beef values were higher on Friday afternoon. Choice boxes were up 64 cents at $211.98, with Select boxes $1.65 higher at $200.13. Estimated weekly FI cattle slaughter is at 624,000 head through Saturday. That would be 19,000 more than the previous week and up 23,000 head from the same week in 2017. Cash traded at $121 in TX and $122 in KS on Thursday, with sales of $122-124 live and $193-195 dressed in the North today. This afternoon’s Cattle on Feed report showed April 1 on feed numbers 7.42% larger than last year at 11.729 million head. Placements in March were 9.26% lower than last year at 1.921 mil head, with March marketings at 3.87% below a year ago at 1.84 mil head.Apr 18 Cattle closed at $119.350, up $1.550,Jun 18 Cattle closed at $103.725, up $0.725,Aug 18 Cattle closed at $103.800, up $0.675,Apr 18 Feeder Cattle closed at $137.300, up $0.075May 18 Feeder Cattle closed at $139.325, up $0.900Aug 18 Feeder Cattle closed at $144.500, up $0.800