News

USA: Cash hogs close higher on Wednesday

Other Frozen Pork Cuts
Frozen Bone-In Beef
Meat
United States
Market & Price Trends
Published Feb 22, 2024

Tridge summary

Chicago Mercantile Exchange live cattle futures and feeder steers at the Tri-State Livestock Auction in Nebraska saw an increase, with feeder heifers also rising. However, estimated cattle slaughter was down both weekly and yearly. Boxed beef cutout values showed mixed results, with Choice increasing and Select decreasing. Lean hog futures were also mixed, with April seeing a rise and June a fall. Cash hogs remained steady to higher, despite domestic demand beginning to soften. Pork values closed lower, while estimated hog slaughter increased on both a weekly and yearly basis.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Chicago Mercantile Exchange live cattle futures were up and feeders were mostly higher, getting ready for the week’s direct business and Friday’s USDA Cattle on Feed report. April live was $.37 higher at $187.70 and June was up $.35 at $183.30. March feeders were down $.02 at $251.35 and April was up $.57 at $255.92. Cash cattle country was quiet again on Wednesday. Asking prices were around $184 to $185 in the South and $292-plus in the North. Bids remain very elusive. Significant trade volume is expected Thursday or Friday. At Tri-State Livestock Auction in Nebraska, feeder steers sold $3 to $12 higher, except 700 pounds were $8 lower, compared to the most recent sale. Feeder heifers were $1 to $11 higher. USDA says demand was good on an nice selection offered. Feeder supply included 57% steers and 80% of the offering was over 600 pounds. Medium and Large 1 feeder steers 824 to 848 pounds brought $240.50 to $251.10. Medium and Large 1 feeder heifers 655 to 676 pounds sold for ...
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