|
|
Cattle Today
|
|
9.27 Markets
Cattle
- October LC: day 3 of a sell signal. February LC day 3 of a sell signal. November feeders: day 5 of a sell signal.
- Trends are negative cattle.
- Feeder cattle 1x oversold.
- Cattle unable to hold early gains and fell with the rest of the commodities on economic concern
- Futures still holding a premium to cash.
- October feeders lowest since July.
- Cash bids are steady.
- Boxed beef mixed.
- Choice hit lowest price this year, support $240.
- Seasonally beef prices bottom next 2 weeks.
- acker margins $20/head.
- Good export inspections yesterday.
- Beef demand over the week was again, good.
- COF report seen as neutral.
- Placements were negative for December and February live cattle
- Marketings seen as support for cash cattle and October.
- More cattle moved in August vs estimates.
- Production may increase 4th to 1st quarters.
- Live weights: 1,360 lbs, 1,355 last week, 1,370 yr ago.
- Dressed weights: 826 lbs, 823 last week, 831 yr ago.
- Production: 548.9 mln lbs, 546.5 last week, 831 yr ago.
- Feeder Cattle Index: 178.71 vs 180.15 prior.
- Slaughter 125,000, 127,000 wk ago, 119,000 prior.
- Boxed Beef: Choice 247.84, -0.79, Select 223.35, 4.04, Ch/Se spread 24.49, on 110 loads.
|
|
Cattle News Headlines
Barchart
|
|
Cattle Futures Down .05 to 1 Percent
Drovers
|
|
Billion Dollar Beef Plant Searches For Home
Visit with your cattle rep for the latest on how to sell now.
BEEF
|
|
Cattle Contract Library Becoming Reality
Feedstuffs
|
|
White House Targets Livestock Concentration
|
|
The Newly Updated Nexus Cattle Calculator is Live In the Apple App Store and Google Play!