Cattle Shut Decrease on Wednesday | U.S. Finance Information
Reside cattle futures settled Wednesday with losses of 67 cents to $1.10 throughout most contracts. Early money gross sales had been reported on Wednesday with gentle trade within the south at $197. Wednesday morning’s Central Stockyards Fed Cattle Change online public sale noticed no gross sales on the 1,842 head supplied, with bids of $198-199 utilizing their BidTheGrid™ methodology. Feeder cattle posted blended trade, as March was up 15 cents and different contracts within the crimson. CME’s Feeder Cattle Index was down 71 cents on February 25, with the average price at $278.73.
The Nationwide Wholesale Boxed Beef report from USD on Wednesday afternoon was decrease, with the Chc/Sel unfold back down to $9.66. Alternative containers had been $1.42 decrease at $312.90/cwt, with Choose down 89 cents to $303.24. Wednesday’s Federally inspected cattle slaughter was estimated by USDA at 122,000, taking the weekly whole to 339,000 head. That’s 9,000 head above the earlier week however nonetheless down 29,441 head from the identical week final yr.
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Feb 25 Reside Cattle closed at $198.825, down $0.675,
Apr 25 Reside Cattle closed at $194.625, down $1.100,
Jun 25 Reside Cattle closed at $191.275, down $0.975,
Mar 25 Feeder Cattle closed at $274.375, up $0.150,
Apr 25 Feeder Cattle closed at $273.525, down $0.275,
Might 25 Feeder Cattle closed at $271.825, down $0.500,
On the date of publication,
Austin Schroeder
didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions. For more data please view the Barchart Disclosure Coverage
right here.
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