Schwieterman Cattle Comments

Cash trade became active on Wednesday, with more than 36,000 head reported and some northern sales listed as high as $127.

Schwieterman Cattle   Sales as high as $127

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

Live cattle futures posted moderately higher closes on Wednesday, with the lead October contract reaching 7 week highs. Cutouts were mixed, with choice -.85 and select +1.27. Cash trade became active on Wednesday, with more than 36,000 head reported and some northern sales listed as high as $127. Equities are moderately lower overnight and the Dollar recovering about .15 for the session.

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

Feeder cattle futures closed moderately higher on Wednesday, with an inside day and quiet session. The higher close came in spite of higher corn values and a modestly lower cash index. Overnight corn prices are currently 3 cents lower. The October feeders are due to expire a week from today and are currently 1.90 premium to the cash index.

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

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