Cattle Combined on Friday | Nasdaq | U.S. Finance Information
Stay cattle futures are posting $1.50 to $2.50 losses throughout the entrance month on Friday . February futures expire right now, as there have but to be any deliveries. Money gross sales have been reported at $197 within the south and light-weight $198 trade within the North. The Friday morning Central Stockyards Fed Cattle Change online public sale noticed gross sales on 152 head of the 1,826 head supplied at $198. Feeder cattle proceed are combined with March up 55 cents and different contracts weaker at noon. The CME Feeder Cattle Index was back up 91 cents on February 26, with the average price at $279.64.
The Friday morning Nationwide Wholesale Boxed Beef report from USDA confirmed costs combined, with the Chc/Sel unfold back up to $9.76. Selection bins had been up 64 cents at $311.82/cwt, with Choose 7 cents decrease to $302.06. The Thursday Federally inspected cattle slaughter was estimated at 118,000 however the USDA, with the weekly whole at 457,000 head. That’s 10,000 head above the earlier week however nonetheless down 33,155 head from the identical week final yr.
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Feb 25 Stay Cattle are at $197.725, down $1.675,
Apr 25 Stay Cattle are at $193.625, down $2.500,
Jun 25 Stay Cattle are at $189.925, down $2.400,
Mar 25 Feeder Cattle are at $277.000, up $0.550
Apr 25 Feeder Cattle are at $275.175, down $0.375
Could 25 Feeder Cattle are at $273.100, down $0.875
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 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 replicate these of Nasdaq, Inc.
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