Schwieterman Cattle Comments

The southern cash was mostly two lower than a week ago, with most of the trade $138.

Schwieterman Cattle:   Southern cash sales mostly $2 lower

Live Cattle
Trend
Short Term: Down
Long Term: Down
Opening Calls: Mixed

Live cattle futures closed modestly lower on Tuesday, with lower cash trade in the south supporting the break. Cutouts were higher, with choice +.17 and select +2.52. The southern cash was mostly two lower than a week ago, with most of the trade $138. Overnight equities are weaker, after a strong close on Tuesday, while the Dollar is modestly higher, following two days of weakness.

Feeder Cattle
Trends
Short Term: Down
Long Term: Down
Opening Call: Mixed

Feeder cattle futures finished modestly lower on Tuesday, with technical weakness and lower cash increased the pressure. Overnight corn values are modestly lower. Cash index level slipped to 155.27, off .73 from the previous day. Fridays on feed report is expecting 101.5% on feed, 96.5% placements and 98% marketings.

Bret Crotts
620-275-4133
888-437-9131
bret@swbell.net