Cattle Pull Off Lows, Nonetheless Begin the Week with | U.S. Finance Information
Dwell cattle futures posted some Monday weak spot, with losses of 40 to 75 cents throughout the entrance months. Money trade was quiet on Monday, with some Northern cleanup trade at $310 within the beef. Final week’s gross sales had been reported at $197 within the south and lightweight $198-199 trade within the North. Feeder cattle futures had been 90 to 95 cents within the pink on the Monday close. The CME Feeder Cattle Index was back down 4 cents on Friday, with the average price at $280.58. The weekly OKC feeder cattle public sale confirmed 11,500 head for sale, nicely above final week. Gross sales had been regular to $3 for feeder cattle, with lighter weight steers $10-15 greater and heifers regular.
USDA’s Nationwide Wholesale Boxed Beef report was greater on Monday afternoon, with the Chc/Sel unfold up to $11.52. Selection containers had been up $2.10 at $313.93/cwt, with Choose back up 36 cents to $302.41. The Monday Federally inspected cattle slaughter from USDA was estimated at 102,000 head. That’s 7,000 head above the earlier Monday, however nonetheless down 15,485 head from the identical week final 12 months.
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Apr 25 Dwell Cattle closed at $192.250, down $0.400,
Jun 25 Dwell Cattle closed at $188.100, down $0.675,
Aug 25 Dwell Cattle closed at $187.175, down $0.750,
Mar 25 Feeder Cattle closed at $274.025, down $0.950,
Apr 25 Feeder Cattle closed at $272.050, down $0.950,
Could 25 Feeder Cattle closed at $270.200, down $0.925,
On the date of publication,
Austin Schroeder
didn’t have (both straight 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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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
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