![]() pork packing companies were a positive $8.15 per head on Wednesday, down from $9.10 on Tuesday and below the positive $12.35 a week ago.ĬME October lean hogs were up 1.125 cents per lb at 89.125 cents per lb and December closed up 0.875 at 85.850. USDA's wholesale pork market report on Wednesday showed pork carcasses up $1.01 per hundred pounds at $97.85 per hundred pounds.Įstimated margins for U.S. Other cash hog buying stations also reported a steady market with the exception of a $1.00 lower per hundred pound trend in Peoria. Iowa and southern Minnesota cash hog markets were steady on Wednesday and dealers said there was an adequate supply to meet the current demand. 30 was at 92.40 cents per lb and for the 2 days ending Aug. ![]() It has been some time since the market has offered that type of pricing opportunity. August through November feeder cattle futures are all trading above 180 per cwt. The CME lean hog index price for the 2 days ending on Aug. Last year, slaughter cattle prices improved by about 17 per cwt from early October to early December, but did pull back a bit as we moved through December. That and hogs are now technically strong," Clarkson said. "The spread is narrowing between the index and cash and I think some people got too short and have had to cover. Lean hog futures closed higher on technical signals and despite generally weaker cash hog markets. beef packing companies on Wednesday were a positive $17.00 per head, up from $9.50 on Tuesday but down from $20.20 a week ago, according to Denver-based livestock marketing advisory service LLC.ĬME October live cattle futures closed down 0.200 cent per lb at 126.000 cents per lb and December fell 0.200 to 129.900. Department of Agriculture's (USDA) wholesale beef market report on Wednesday showed choice beef carcasses up 38 cents per hundred pounds at $196.48 per hundred pounds.Įstimated margins for U.S. "Also, futures are carrying a premium to cash.Ĭattle slipped despite a firmer tone in the beef market. "Cattle are technically weak and cash cattle are steady at best," Clarkson said. High Plains remained at a discount to the futures price. On top of a high retail demand, the reopening of restaurants and continued brisk exports are driving the higher retail prices. The US average retail price for all beef in October set a new record of 7.55 a pound and 7.90 per pound for Choice Beef. ![]() feeding of cattle, hogs and poultry and the sliding corn price has helped buoy demand for young livestock and poultry to place on feed.ĬME September feeder cattle futures closed down 0.150 cent per lb at 157.025 cents per lb and October feedersĬattle futures closed lower as the cash markets in the U.S. US Market outlook: Rabobank believes the overall beef market outlook for 2022 is solid. Money paying this price for feeders," said Jim Clarkson, an analyst for A&A Trading Inc.Ĭhicago Board of Trade (CBOT) corn futures eased 4 cents per bushel at $4.94 by the close of trading on Wednesday, helping to limit the declines in feeder cattle futures.Ĭorn is the root foundation for U.S. I know corn prices and feed costs are lower but cattle feeders are losing "Feeders just don't work at these levels. Feeder Cattle futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. CHICAGO - Chicago Mercantile Exchange (CME) feeder cattle futures eased from a one-year high on Wednesday on overbought signals and despite another slide in corn prices that had been encouraging demand for young cattle, traders said.įeeder cattle had soared to the highest price for a spot contract (158.400 cents per lb) since June 15 last summer and underwent a downward correction on Wednesday. ![]()
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