Stay cattle futures are buying and selling with losses of 85 cent so $1.75 within the entrance months on Thursday. Money commerce has been quiet thus far this week, with a couple of bids of $245 within the north reported and lightweight gross sales of $240-242 in KS. Thursday morning’s Fed Cattle Alternate on-line public sale confirmed a complete of 1,220 head listed with bids of $235-236 reported. Feeder cattle futures are regular to 87 cents decrease, as expiring August is up 45 cents. The CME Feeder Cattle Index was up one other $1.51 to $360.68 on August 26.
Export Gross sales knowledge confirmed a complete of 13,591 MT of beef bought within the week of August 21, a 3-week excessive. Shipments have been additionally the best within the final three weeks at 11,483 MT.
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USDA Wholesale Boxed Beef costs have been blended within the Thursday morning report, with the Chc/Sel unfold at $27.19. Selection containers have been up $1.20 at $413.04, whereas Choose was $1.86 decrease to $385.85. USDA estimated cattle slaughter for Wednesday was 119,000 head, with the weekly whole at 344,000 head. That was up 10,000 head from final week however 14,906 head decrease vs. the identical week in 2024.
Aug 25 Stay Cattle are at $241.500, down $1.750,
Oct 25 Stay Cattle are at $238.625, down $0.900,
Dec 25 Stay Cattle are at $240.050, down $0.850,
Aug 25 Feeder Cattle are at $365.900, up $0.450
Sep 25 Feeder Cattle are at $364.525, down $0.875
Oct 25 Feeder Cattle are at $364.200, down $0.000
On the date of publication,
Austin Schroeder
didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions.
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