USA: Live cattle higher to start the week

Published 2022년 12월 12일

Tridge summary

The article reports on the closing prices for cattle and hogs at the Chicago Mercantile Exchange and Oklahoma National Stockyards. Cattle prices were higher for live cattle and lower for feeders, with mixed trade volumes and demand. Boxed beef prices also increased due to strong demand. Hog prices were mixed with lower cash hog prices and steady butcher hog prices at Midwest cash markets. Pork values, including specific cuts, were mixed with some lower and others higher. Estimated cattle and hog slaughter numbers were reported to be down and up respectively from the previous week.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the Chicago Mercantile Exchange, live cattle closed higher, and feeders were mixed ahead of widespread direct cash business. February live cattle closed $.55 higher at $156.10 and April live cattle closed $.55 higher at $159.90. January feeder cattle closed $.27 lower at $183.65 and March feeder cattle closed $.12 higher at $185.22. It was a typically quiet Monday for direct cash cattle trade activity. Bids and asking prices weren’t established. Showlists this week are higher in Texas and Nebraska/Colorado, but somewhat lower in Kansas. Significant trade volume will likely hold out until midweek or later. At the Oklahoma National Stockyards, compared to last week feeder steers and heifers were unevenly steady. Steer calves were unevenly steady and heifer calves were $3 to $5 lower. The USDA says demand was moderate to good and quality was average to attractive. Receipts were down on the week and the year. Feeder supply included 59% steers and 46% of the offering was ...

Source: Brownfield Ag