Dwell cattle futures noticed some shopping for into the Friday shut, with contracts up 50 cents to $1.025 and October down 77 cents this week. The Friday morning Fed Cattle Change confirmed no gross sales on the two,552 head listed, with a couple of bids of $230-232. Exterior of that, there was some gentle money commerce at $230 within the North, down $2-5 from final week. A number of Southern trades had been accomplished late at $233, down $4. Feeder cattle futures posted $2.55 to $3.05 good points within the entrance months on Friday, as October was 17 cents increased this week. The CME Feeder Cattle Index was again up $0.94 at $362.57 on October 2.
USDA Wholesale Boxed Beef costs had been combined within the Friday afternoon report, with the Chc/Sel unfold narrowing to $16.89. Alternative packing containers had been down 95 cents at $362.77, whereas Choose was $1.98 increased to $345.38. USDA federally inspected cattle slaughter for this week was estimated at 557,000 head. That was 2,000 head above final week however 54,571 under the identical week final 12 months.
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Oct 25 Dwell Cattle closed at $231.025, up $0.500,
Dec 25 Dwell Cattle closed at $234.500, up $1.025,
Feb 26 Dwell Cattle closed at $236.825, up $0.875,
Oct 25 Feeder Cattle closed at $357.175, up $2.875,
Nov 25 Feeder Cattle closed at $355.425, up $3.025,
Jan 26 Feeder Cattle closed at $349.725, up $2.550,
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.
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