Reside cattle futures are 22 cents to $1 larger on Wednesday. Money commerce noticed very mild $225 Southern motion reported on Tuesday. The Wednesday morning Fed Cattle Change on-line public sale from Central Stockyards, confirmed no gross sales on the 928 head, with bids of simply $220. Feeder cattle futures are up $1.05 $1.72 at noon. The CME Feeder Cattle Index was up 8 cents to $311.40 on July 7.
USDA Wholesale Boxed Beef costs had been decrease within the Wednesday AM report, with the Chc/Sel unfold narrowing to $14.55. Alternative packing containers had been down $3.55 to $389.49, whereas Choose was quoted $3.52 at $374.94/cwt. Estimated cattle slaughter for Tuesday was 118,000 head in accordance with the USDA, with the weekly complete at 232,000 head. That was 6,000 head beneath final week and a pair of,799 head decrease vs. the identical week final 12 months.
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Aug 25 Reside Cattle are at $220.200, up $0.225,
Oct 25 Reside Cattle are at $217.700, up $0.875,
Dec 25 Reside Cattle are at $217.625, up $1.000,
Aug 25 Feeder Cattle are at $320.850, up $1.725
Sep 25 Feeder Cattle are at $320.400, up $1.225
Oct 25 Feeder Cattle are at $318.300, up $1.050
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 knowledge on this article is solely for informational functions.
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