Reside cattle futures are down 85 to 95 cents on Friday, with October up 72 cents. There have been no deliveries once more for October stay cattle once more on Thursday, with the oldest lengthy dated June 26. Money commerce has but to choose up this week throughout the nation, with just a few $230-231 gross sales within the North. The Friday Fed Cattle Change on-line public sale confirmed no gross sales 1,586 head provided, with bids of $232. Feeder cattle futures are pulling again $1.60 to $2.35 at noon. The CME Feeder Cattle Index was up one other $1.84 at $367.35 on October 8.
USDA Wholesale Boxed Beef costs had been increased within the Friday morning report, with the Chc/Sel unfold at $19.27. Selection containers had been up $1.05 to $366.27, whereas Choose was $2.67 increased at $347.00. USDA federally inspected cattle slaughter for Thursday was estimated at 111,000 head, with the weekly whole at 446,000 head. That’s 12,000 head under final week and 29,807 shy of the identical week final yr.
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Oct 25 Reside Cattle are at $235.750, up $0.725,
Dec 25 Reside Cattle are at $239.050, down $0.850,
Feb 26 Reside Cattle are at $242.475, down $0.925,
Oct 25 Feeder Cattle are at $371.975, down $2.050
Nov 25 Feeder Cattle are at $371.700, down $2.350
Jan 26 Feeder Cattle are at $367.450, down $1.600
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 data and knowledge on this article is solely for informational functions.
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