Cattle Off Lows, Nonetheless Displaying Monday Losses | U.S. Finance Information
Dwell cattle futures are falling on Monday, with losses of 5 to 55 cents. Money gross sales have been reported at $197 within the south and light-weight $198-199 trade within the North, each down $1-2 from the week prior. Feeder cattle are down $1.07 to $1.12 within the entrance months. The CME Feeder Cattle Index was back up $1.42 on February 27, with the average price at $281.06. The weekly OKC feeder cattle public sale confirmed 11,500 head for sale, nicely above final week, with a decrease undertone reported in early gross sales.
Weekly CFTC information confirmed the managed money spec funds trimming back one other 7,158 contracts from their web long within the week of 2/25, to a web long at 121,311 contracts. In feeder cattle futures and choices, spec merchants cut back their report web long by 1,925 contracts to twenty-eight,144 contracts as of Tuesday.
Commodity Bulletin: From crude oil to espresso, this FREE e-newsletter is for industry professionals and rookies alike
Monday morning’s USDA Nationwide Wholesale Boxed Beef report confirmed costs blended again, with the Chc/Sel unfold up to $11.32. Alternative bins have been up $1.30 at $313.13/cwt, with Choose down one other 24 cents to $301.81 Final week’s Federally inspected cattle slaughter was estimated at 566,000 head by the USDA. That’s 3,000 head under the earlier week however nonetheless down 28,236 head from the identical week final 12 months.
Apr 25 Dwell Cattle are at $192.600, down $0.050,
Jun 25 Dwell Cattle are at $188.225, down $0.550,
Aug 25 Dwell Cattle are at $187.375, down $0.550,
Mar 25 Feeder Cattle are at $273.850, down $1.125
Apr 25 Feeder Cattle are at $271.925, down $1.075
Could 25 Feeder Cattle are at $270.050, down $1.075
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions. For more info please view the Barchart Disclosure Coverage
right here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
Keep up to date with the latest news within the US markets! Our web site is your go-to source for cutting-edge financial news, market trends, financial insights, and updates on home trade. We offer day by day updates to make sure you have entry to the freshest info on stock market actions, commodity costs, currency fluctuations, and main financial bulletins.
Discover how these trends are shaping the longer term of the US economic system! Go to us usually for probably the most participating and informative market content material by clicking right here. Our rigorously curated articles will keep you knowledgeable on market shifts, investment methods, regulatory modifications, and pivotal moments within the US financial panorama.