Reside cattle futures closed out the Monday session with contracts 15 cents to 47 cents decrease. Money commerce has but to get kicked off with Monday compiling showlists. Final week settled in at $232-235 within the North, with Southern motion at $235-237. Feeder cattle futures had been 30 to 80 cents within the purple on Monday. The CME Feeder Cattle Index was up $2.57 at $367.61 on September 26. The weekly OKC public sale had an estimated 4,800 head on the market, above final week. Gross sales had been listed at regular to $3 decrease for feeders and calves down $5 to $10.
USDA’s Chilly Storage report from Friday confirmed beef shares on August 31 at 393.802 million lbs. That was a 1.01% drop from July however was 1.52% above the identical interval final 12 months.
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USDA Wholesale Boxed Beef costs had been decrease on Monday afternoon, with the Chc/Sel unfold widening to $21.79. Selection bins had been down 75 cents at $370.68, whereas Choose was $3.55 decrease to $348.89. USDA federally inspected cattle slaughter on Monday at 113,000 head. That was 3,000 head above final week however 6,928 head under the identical week in 2024.
Oct 25 Reside Cattle closed at $231.325, down $0.475,
Dec 25 Reside Cattle closed at $233.825, down $0.475,
Feb 26 Reside Cattle closed at $236.225, down $0.275,
Oct 25 Feeder Cattle closed at $356.200, down $0.800,
Nov 25 Feeder Cattle closed at $353.875, down $0.600,
Jan 26 Feeder Cattle closed at $347.350, down $0.475,
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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