Latest news with #FeederCattle
Yahoo
5 hours ago
- Business
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Cattle Futures Sneak Into New Life of Contract Highs
Live cattle futures are up $.95 to $1.35 per cwt. as we head into midday on Monday. Nearby August has traded above last week's high of $224.55, setting a new all time high on the continuation charts as well as the daily. August was still up $1.35 last week despite a Friday pullback. Friday's preliminary open interest suggested some long liquidation, down 2,335 contracts. Cash trade on Friday saw KS at $230-231 and $240-242 northern action. Feeder cattle posted losses of $1 to $1.50 on Friday, with August down $1.32 on the week. Like the cattle, they are higher at midday on Monday, by $1.60 to $1.67 in the active front months. CME Feeder Cattle Index was back up 11 cents to $322.28 on July 17. Commitment of Traders data from CFTC showed managed money increasing their record net long in feeder cattle futures and options as of July 15 by just 79 contracts to 37,569 contracts. Spec funds added back another 4,063 contracts to their net long in live cattle by July 15 to 132,486 contracts. More News from Barchart What is Watson Watching in the Grains Sector this Week? Soybean Meal Prices Are Rebounding. How Much Higher Can They Go? Brazil Coffee Harvest Pressures Hammer Prices Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. USDA Wholesale Boxed Beef prices were mixed in the Monday AM report. Choice boxes were quoted $1.42 lower at $372.13, while Select was quoted $0.04 higher than Friday at $351.53. Cattle supplies are still limited, so the main question continues to be whether consumers will pay up. USDA estimated cattle slaughter last week at 563,000 head. That was down 5,000 head from last week and 26,374 head lower vs. the same week in 2024. Aug 25 Live Cattle are at $224.925, up $1.375, Oct 25 Live Cattle are at $221.350, up $1.525, Dec 25 Live Cattle are at $221.575, up $1.775, Aug 25 Feeder Cattle are at $326.750, up $2.750 Sep 25 Feeder Cattle are at $327.000, up $2.800 Oct 25 Feeder Cattle are at $325.100, up $2.800 On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Cattle Fade Lower into the Weekend
Live cattle were lower on Friday as contracts pulled off midday lows to close with 12 to 70 cent losses. August was still up $1.35 this week. Cash trade was light this week, with trade picked up in KS at $230-231 and $240-242 northern action. Feeder cattle posted losses of $1 to $1.50 on Friday, with August down $1.32 on the week. CME Feeder Cattle Index was back up 11 cents to $322.28 on July 17. Commitment of Traders data from CFTC showed managed money increasing their record net long in feeder cattle futures and options as of July 15 by just 79 contracts to 37,569 contracts. Spec funds added back another 4,063 contracts to their net long in live cattle by July 15 to 132,486 contracts. More News from Barchart Coffee Prices Retreat Due to a Stronger Dollar Cocoa Prices Finish Sharply Lower as Global Cocoa Demand Craters Cocoa Prices Plunge as Global Cocoa Demand Wanes Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! USDA Wholesale Boxed Beef prices were mixed in the Friday afternoon report. Choice boxes were up $0.27 to $375, while Select was quoted $2.35 lower at $351.49/cwt. USDA estimated cattle slaughter this week at 563,000 head. That was down 5,000 head from last week and 26,374 head lower vs. the same week in 2024. Aug 25 Live Cattle closed at $223.550, down $0.125, Oct 25 Live Cattle closed at $219.825, down $0.500, Dec 25 Live Cattle closed at $219.800, down $0.700, Aug 25 Feeder Cattle closed at $324.000, down $1.000, Sep 25 Feeder Cattle closed at $324.200, down $1.225, Oct 25 Feeder Cattle closed at $322.300, down $1.375, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
3 days ago
- Business
- Yahoo
Cattle Fading onto the Weekend
Live cattle futures are easing back on Friday, with contracts down 57 cents to $1.07, as August is still being held up by cash. Cash trade has been light this week, with light trade picked up in KS at $230-231 and $240-242 northern action. The Central Stockyears Fed Cattle Exchange online auction showed $230 sales on 396 of the 792 head listed. Feeder cattle are falling $1.65 to $2 at the midday part of the session. The CME Feeder Cattle Index was back up 26 cents to $322.17 on July 16. USDA Wholesale Boxed Beef prices were mixed in the Friday morning report, with the Chc/Sel spread widening back to $21.21. Choice boxes (600-900 lb) were down $0.77 to $374.05, while Select was quoted $1.00 lower at $352.84/cwt. USDA estimated cattle slaughter for Thursday at 115,000 head, with the weekly total at 458,000. That was 20,053 head lower vs. the same weekly total in 2024. More News from Barchart Coffee Prices Retreat Due to a Stronger Dollar Cocoa Prices Finish Sharply Lower as Global Cocoa Demand Craters Dollar Strength Sparks Long Liquidation Pressures in Coffee Futures Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Aug 25 Live Cattle are at $223.100, down $0.575, Oct 25 Live Cattle are at $219.300, down $1.025, Dec 25 Live Cattle are at $219.425, down $1.075, Aug 25 Feeder Cattle are at $323.350, down $1.650 Sep 25 Feeder Cattle are at $323.700, down $1.725 Oct 25 Feeder Cattle are at $321.750, down $1.925 On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
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Cattle Look to Round Out the Week After Hitting Contract Highs
Live cattle futures slipped back from Wednesday's contract highs on Thursday to close with 22 to 42 cent losses. Cash trade has been light this week, with light trade picked up in KS at $230-231 and thin $242 northern action. Feeder cattle faded 30 to 60 cents lower on Thursday. The CME Feeder Cattle Index was back up 26 cents to $322.17 on July 16. USDA reported net weekly beef export sales of 8,800 MT in Thursday morning's update for the week ending July 10. That included the July 4th weekend. Sales were down 24% from the pre-holiday week, with Japan the largest buyer. More News from Barchart Coffee Prices Retreat Due to a Stronger Dollar Cocoa Prices Finish Sharply Lower as Global Cocoa Demand Craters Dollar Strength Sparks Long Liquidation Pressures in Coffee Futures Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! USDA Wholesale Boxed Beef prices were mixed in the Thursday PM report, with the Chc/Sel spread widening back to $19.44. Choice boxes (600-900 lb) were down $0.43 to $372.28, while Select was quoted $4.07 lower at $353.84/cwt. USDA estimated cattle slaughter for Thursday at 115,000 head, with the weekly total at 458,000. That was 20,053 head lower vs. the same weekly total in 2024. Aug 25 Live Cattle closed at $223.675, down $0.225, Oct 25 Live Cattle closed at $220.325, down $0.425, Dec 25 Live Cattle closed at $220.500, down $0.525, Aug 25 Feeder Cattle closed at $325.000, down $0.575, Sep 25 Feeder Cattle closed at $325.425, down $0.425, Oct 25 Feeder Cattle closed at $323.675, down $0.300, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Cattle Rally to Contract Highs Despite Beef Losses
Live cattle futures posted contract highs on Wednesday, with contracts closing up $1.40 to $1.50. Cash trade has yet to kick off this week, with southern bids near $225-228 and the North at $235. Some light trade was picked up in KS at $2.30 Feeder cattle closed out the Wednesday trade with contracts $3 to $3.50 higher. The CME Feeder Cattle Index was back up 81 cents to $321.91 on July 15. USDA Wholesale Boxed Beef prices were lower in the Wednesday afternoon report, with the Chc/Sel spread shrinking to $14.94. Choice boxes (600-900 lb) were down $4.87 to $372.85, while Select was quoted $4.67 lower at $357.91/cwt. USDA estimated cattle slaughter for Wednesday at 117,000 head, with the weekly total at 347,000. That was 2,000 head below last week and 15,553 head lower vs. the same week last year. More News from Barchart Coffee Prices Fall Back After Monday's Surge Coffee Prices Fall Back After Monday's Surge Cocoa Prices Fall on Weak Malaysian Demand Report Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Aug 25 Live Cattle closed at $223.900, up $1.500, Oct 25 Live Cattle closed at $220.750, up $1.475, Dec 25 Live Cattle closed at $221.025, up $1.425, Aug 25 Feeder Cattle closed at $325.575, up $3.300, Sep 25 Feeder Cattle closed at $325.850, up $3.475, Oct 25 Feeder Cattle closed at $323.975, up $3.500, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
