![]() ![]() "The packer is scrambling for the cattle numbers that are tight," said Don Roose, president of brokerage US Commodities.ĬME feeder cattle futures also ended higher, with the May contract rising 0.750 cent to 208.575 cents per pound.ĬME April lean hog futures fell 0.750 cent to 72.300 cents per pound. Hog Futures Faded but Closed Off Session Lows Barchart - Wed Jul 26, 5:06PM CDT. More Feeder Cattle Quotes All Futures Prices. "Even though packers are being forced to put better cash on the table to secure enough supplies, their margins are still excellent," said Dan Norcini, an independent livestock trader.Įstimated margins were $50.75 per head of cattle on Tuesday, compared to $40.45 per head on Monday and $59.15 per head a week earlier, said. Feeder Cattle stocks price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. Meatpackers, meanwhile, slaughtered an estimated 125,000 cattle, 2,000 more than a week ago, the USDA said. Prices for choice cuts of beef shipped to wholesale buyers in large boxes jumped by $3.38 to $298.48 per hundredweight on Wednesday, the US Department of Agriculture (USDA) data showed. View All companies 1:04 PM CDT 07/19/23 246.575 USc -1.425 -0.57 Volume 7,775 Open Interest 21,819 1 Day Range 244.750 - 247.275 52 Week Range 193.850 - 251. Strong demand for beef has helped lift futures and cash prices, brokers said. June cattle futures finished 0.900 cent higher at 164.850 cents per pound and touched a life-of-contract high of 165.050 cents. Before this week, the record high for a nearby contract was set in 2014.Īpril live cattle ended up 1.975 cents at 174.275 cents per pound. "The numbers are just plain tight," said Brad Kooima, president of Kooima Kooima Varilek Trading.ĬME April live cattle futures set an all-time high for a front-month contract for a second consecutive day, hitting 174.325 cents per pound. ![]() Remaining animals weigh less following cold and snowy weather in the north, brokers said. Ranchers have reduced their herds due to high feed costs and drought in the western US, forcing packers like Tyson Foods Inc and Cargill Inc to pay more for cattle. Chicago Mercantile Exchange (CME) live cattle futures stormed to an all-time high on Wednesday as meatpackers scrambled to buy livestock at a time when supplies are tightening, Reuters reported, citing brokers. ![]()
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