LIVESTOCK COMMENTS: The futures trader is necessary to provide liquidity (i.e. enough trading) for hedgers to establish a position in the market. As cattle futures price increased, there were traders who decided they could make some money so they exited their position and took new positions in some instances
NBW Market Commmentary
CATTLE WEIGHTS: Live weights reported this week at 1,399 lbs., up 1 lb. from last week, up 46 lbs. from last year (EWMP)
US Cattle Report by National Beef Wire
CME LIVESTOCK: Live Cattle: $175.675 (+0.30); Feeder Cattle: $242.00 (-0.55); Hogs: $104.825 (+2.125) (VIEW COMMODITY QUOTES)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $4.335 (+0.0675); Wheat: $5.5025 (+0.135); Soybeans: $11.505 (+0.1625); Soybean Meal: $343.70 (+5.70) (VIEW COMMODITY QUOTES)
National Corn Wire
Boxed Beef AM: $295.93 (+0.13); Select: $291.07 (+1.80); Ch/Se Spread: 4.85; Total Loads: 90
US Cattle Report by National Beef Wire
TOP SALES : The highest price paid for 6-weight steers on Thursday was $338.00 for 49 hd (636#) from Salina, KS. The National Steer Price for 6-wts on Thursday was $287.78, compared to $294.92 the prior day (WATCH LIVE SALES NOW)
US Cattle Report by National Beef Wire
REAL TIME PRICES: The largest CALF string sold in the last 7 days was 130 steers (475#) from Salina, UT at $327.50 (VIEW PRICES)
National Calf Tracker
TOP SALES: The highest price paid for 7-weight steers on Thursday was $294.00 for 62 hd (713#) from Salina, KS. The National Steer Price for 7-wts on Thursday was $260.28, compared to $263.14 the prior day. (WATCH LIVE SALES)
US Cattle Report by National Beef Wire
Don't use tanks that have been used to haul fertilizer for hauling drinking water for cattle
Cattle Network
Slow and Unsure... The open interest drop has stopped this week, an indication that the get-me-out selling is over. Yet, there seems to be waning confidence on just how much futures can regain of the $16 lost since March 14. For now, the 100-day moving average is stopping advances in most active June LC (THE BEEF)
NBW Market Commmentary
DAILY CATTLE SLAUGHTER: Thursday slaughter at 118K head, compared to 124K last week and 128K last year. WTD slaughter at 487K head, compared to 482K last week and 505K last year (U.S. CATTLE REPORT)
US Cattle Report by National Beef Wire
CATTLE OUTLOOK: The latest Cattle on Feed report, published by USDA, National Agricultural Statistics Service (NASS), showed a March 1 feedlot inventory of 11.838 million head, 1 percent above 11.685
US Cattle Report by National Beef Wire