>>> Reminder Producers<<<
Markets are changing particularly rapidly right now
with reaction to the COVID-19 pandemic.
Please stay in touch with your Nexus livestock rep.
Cattle
>June: day 6 of a sell signal. Dec: day 6 of a sell signal. May feeders: day 6 of a sell signal.
>Cash cattle traded $105/cwt in TX Friday.
>Production last week was up 3.2%.
>Market pricing in a massive $23/cwt break in 3 weeks.
>Extreme discounts in the market (how much is dialed in?)
>Cash could break hard this week
>Kill will be under 600,000 this week (back up ahead?)
>Lower production could support the market this week.
>Expanded limits in live cattle $4.50/cwt, and feeder cattle $6.75/cwt.
>Feeder Cattle Index: $121.07 vs $126.09 prior.
>Boxed beef: Choice down $2.20/cwt to $230.44, Select down $6.28/cwt to $215.84, C/S spread $14.60, 110 loads.
>>>At Livestock Marketing Centers<<<
Our focus is on assisting cattlemen and
facilitating the cattle movement process well.
In light of CDC and other government recommendations,
we do ask that we practice social distancing as much as
feasible through the livestock movement processes.
Give a nod instead of a handshake and proceed
with business directly— following all safe procedures
regarding cattle. You are so important to our country
and our world. Thank you for being excellent cattle producers.
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