Choice Select Current Cutout Values: 227.43 213.43 Change from prior day: (0.45) (0.13) Choice/Select spread: 14.01 Total Load Count (Cuts, Trimmings, Grinds): 135 Cut Loads (Choice/Select Combined): 94.81 This post has been automatically generated, please confirm all information with the USDA before consideration as part of any market decisions.
PM Cutout
Choice Select Current Cutout Values: 227.15 213.26 Change from prior day: (0.73) (0.30) Choice/Select spread: 13.89 Total Load Count (Cuts, Trimmings, Grinds): 197 Cut Loads (Choice/Select Combined): 145.94 This post has been automatically generated, please confirm all information with the USDA before consideration as part of any market decisions.
Forage Prices Rise As Market Watches Corn
5-6-14 – While traders are concentrating on corn seeding progress, cattle producers are looking at forage potential for the summer and fall, and rising prices could thwart herd-expansion plans.\r\n\r\n Hay prices rose in April from March, although the benchmark price remains below a year ago, according to the latest USDA Agricultural Prices report. The average … Read More
AM Cutout
Choice Select Current Cutout Values: 229.29 215.54 Change from prior day: 0.39 0.09 Choice/Select spread: 13.75 Total Load Count (Cuts, Trimmings, Grinds): 96 Cut Loads (Choice/Select Combined): 62.43 This post has been automatically generated, please confirm all information with the USDA before consideration as part of any market decisions.
PM Cutout
Choice Select Current Cutout Values: 227.88 213.56 Change from prior day: (1.02) (1.89) Choice/Select spread: 14.32 Total Load Count (Cuts, Trimmings, Grinds): 178 Cut Loads (Choice/Select Combined): 128.35 This post has been automatically generated, please confirm all information with the USDA before consideration as part of any market decisions.
Cash Feeders Continue Working Higher Despite Topping Fats
5-7-14 – Cash feeder cattle prices continue to work higher, in spite of softer slaughter steer prices over the last month, squeezing the margins of cattle feeders.\r\n\r\n Weekly values for medium and large, 700- to 800-pound, No. 1 feeder steer prices in the southern Plains hit a record high last week at $180.52 per cwt, … Read More
Speculative Traders Reverse Position
5-5-14 – Speculative traders reversed their market outlook in the week ended Tuesday and began taking on long positions, according to the Commodity Futures Trading Commission’s Commitments of Traders report.\r\n\r\n The move reversed a three-week liquidation trend, and while no one knows the thought processes behind fund trading decisions, it appears renewed fears of corn … Read More