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

AM Cutout

Choice Select Current Cutout Values: 229.02 217.05 Change from prior day: 0.64 (0.42) Choice/Select spread: 11.97 Total Load Count (Cuts, Trimmings, Grinds): 71 Cut Loads (Choice/Select Combined): 39.28 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: 228.90 215.45 Change from prior day: 0.52 (2.02) Choice/Select spread: 13.46 Total Load Count (Cuts, Trimmings, Grinds): 123 Cut Loads (Choice/Select Combined): 83.57 This post has been automatically generated, please confirm all information with the USDA before consideration as part of any market decisions.

Cash Cattle Prices Seen About Steady

5-2-14 – Cash cattle trading is expected in the Central and Southern Plains today at roughly steady prices. Early bids of $143 per cwt on a live basis were rebuffed by feedlot managers, and there were reports of some $145 bids in Nebraska being turned away.\r\n\r\n Cattle traded last week at $145 to $146 live … Read More

AM Cutout

Choice Select Current Cutout Values: 229.24 218.26 Change from prior day: (1.10) (2.72) Choice/Select spread: 10.98 Total Load Count (Cuts, Trimmings, Grinds): 122 Cut Loads (Choice/Select Combined): 97.14 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: 228.38 217.47 Change from prior day: (1.96) (3.51) Choice/Select spread: 10.91 Total Load Count (Cuts, Trimmings, Grinds): 171 Cut Loads (Choice/Select Combined): 124.83 This post has been automatically generated, please confirm all information with the USDA before consideration as part of any market decisions.

Beef Cutout Reverses, But Trend Remains Bullish

5-1-14 – The USDA’s boxed-beef cutout values reversed Tuesday’s direction Wednesday, with choice prices dropping and select moving higher, reflecting the differing agendas of major buyers.\r\n\r\n Wednesday’s choice boxed-beef prices were up only $0.46 per cwt from a week earlier after dropping $1.26 from Tuesday to land at $233.10. The select cutout rose $1.87 Wednesday … Read More