At the Chicago
Mercantile Exchange, live cattle ended the day mixed on position squaring ahead
of Friday’s Cattle on Feed report. Feeder
cattle were mostly lower on technical selling.
December live cattle closed $.52 higher at $119.30 and February live
cattle closed $.42 higher at $125.47. November
feeder cattle were unchanged at $146.60 and January feeder cattle closed $.05
higher at $144.07.
A solid day for direct
cash cattle trade and it didn’t even need to wait for Friday’s Cattle on Feed
report. A light to moderate live trade
developed in the South at mostly $116, $1 higher than last week’s weighted
averages. Dressed deals in the North were
at mostly $184, $2 higher than last week’s weighted average basis. Asking prices remain firm for cattle left on
showlists at $117 to $118 live in the South and $188 dressed in the North.
At the Kingsville Livestock Auction, compared to last week steer calves under 600 pounds were $3 to $5 lower and steers over 600 pounds were steady to firm.
Continue reading Cattle futures waiting for On Feed numbers at Brownfield Ag News.
