Dwell cattle futures noticed combined commerce on Thursday with nearbys inside 15 cents of unchanged and deferred contracts greater. Money commerce has been gradual this week, with some northern dressed motion at $385 and dwell commerce at $245. The Thursday Fed Cattle Alternate on-line public sale confirmed no gross sales on the 1,264 head, with bids of $235 in KS and $237 in CO. Feeder cattle futures closed the Thursday session combined, as contracts had been 60 cents greater to a dime decrease within the nearbys. The CME Feeder Cattle Index was up $1.86 to $347.44 on August 20.
USDA will launch Cattle on Feed information this afternoon, with analysts on the lookout for July placements at 8.9% under final 12 months and marketings down 5.9% from 2024. August 1 on feed stock is estimated to be down 2%.
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Export Gross sales information confirmed a complete of 10,133 MT in beef bookings within the week ending on August 14. Japan was the biggest purchaser of two,500 MT, with 2,400 MT bought to Hong Kong. Shipments had been right down to a 5 week low at 11,055 MT. Japan was the highest vacation spot of three,700 MT, with 2,500 MT to South Korea.
USDA Wholesale Boxed Beef costs had been greater within the Thursday afternoon report, with the Chc/Sel unfold widening again to $24.26. Selection containers had been down $2.01 at $407.86, whereas Choose was 44 cents greater to $383.60. USDA estimated cattle slaughter for Thursday at 116,000 head, taking the weekly whole to 450,000 head. That was up 4,000 head from final week however 33,733 head decrease vs. the identical week in 2024.
Aug 25 Dwell Cattle closed at $238.650, up $0.125,
Oct 25 Dwell Cattle closed at $234.725, down $0.125,
Dec 25 Dwell Cattle closed at $236.400, down $0.050,
Aug 25 Feeder Cattle closed at $356.375, up $0.600,
Sep 25 Feeder Cattle closed at $358.025, down $0.075,
Oct 25 Feeder Cattle closed at $358.100, up $0.425,
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 info and information on this article is solely for informational functions.
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