Agriculture

Bigger futures to start the week

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Bigger futures to start the week

At the Chicago Mercantile Exchange, live and feed cattle ended the day above, waiting for the direct business of the week to grow with additional support from stronger canned beef during the session.

It was a quiet Monday for the direct trade of cash cattle. The requested offers and prices have not yet appeared. This week’s playlists are mixed, smaller in Kansas, slightly larger in Texas and Nebraska and Colorado. Look for more business to grow in the last half of the week.

In the middle of the session, at Oklahoma National Stockyards, compared to last week, the feeding heifers and heifers were mostly constant with $ 2 lower. The decrease was due to higher weights. Storage cattle are $ 2 to $ 6 higher. The USDA says demand has been very good, especially for cattle in good condition to return to the grass. A few cattle with light to medium meat were also offered. The supply of the feeder included 54% oxen and 56% of the supply was over 600 pounds. Medium and large joys 1 feeder 654 to 681 pounds brought $ 160 to $ 183, and 862 to 882 pounds brought $ 143.50 to $ 153. Medium and large feeding heifers 1 from 450 to 485 pounds brought in $ 177 to $ 186.50, and food heeds from 608 to 647 pounds brought in $ 154 to $ 163.

Closed-box beef mixed with light to moderate demand for light offerings. Choice closed $ 0.56 lower at $ 273.96 and Select closed $ 0.92 higher at $ 268.75. The margin of choice is $ 5.21. It is estimated that the slaughter of cattle is 121,000 head – even per week and 44,000 per year.

Weak pork futures ended the day for the most part above, supported by much higher pork values ​​during the session.

Cash hogs closed above with a moderate trading period. Demand for US pork in the global and domestic markets has been strong, and while it is expected to continue, there are some concerns about long-term demand, which adds some pressure to prices. The packers were a little more aggressive in their purchasing efforts to start the week. The industry also continues to monitor the availability of market-ready pigs, while monitoring demand. Barrows and gilts at National Daily Direct closed at $ 4.15 above, with a base range of $ 76 to $ 95 and a weighted average of $ 86.51; Iowa / Minnesota ended $ 1.36 above, with a weighted average of $ 91.74; Western Corn Belt closed up $ 1.39 above, with a weighted average of $ 91.71. Prices at Eastern Corn Belt were not reported due to confidentiality.

Butcher pig prices in the Midwest cash markets are $ 3 higher than last week at $ 60. In Illinois, slaughter sow prices were $ 3 higher, with moderate demand for light to moderate offerings ranging from $ 50 to $ 61. Barrows and gilts were steady, with moderate demand for light to moderate bids ranging from $ 52 to $ 58. Wild boars ranged from $ 25 to $ 30 and $ 13 to $ 17.

Pork prices closed at $ 1.98 to $ 107.98. The hams and bottoms were both much smaller. The wheels were firm. Picnics, ribs and bellies were bigger to much bigger. The estimated slaughter of pigs is 470,000 heads – down 11,000 a week and up 65,000 a year.



https://brownfieldagnews.com/market-news/cattle-futures-higher-to-start-the-week-11/ Bigger futures to start the week

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