News

Cash hogs close mixed as buyers watch demand signals in the US

Other Frozen Pork Cuts
Frozen Bone-In Beef
Meat
United States
Market & Price Trends
Published Feb 21, 2024

Tridge summary

Chicago Mercantile Exchange live cattle futures were mostly higher, with April live down $.22 at $187.32 and June up $.12 at $182.95. Cash cattle country was quiet with no established bids or asking prices. Last week, Northern dressed deals were mostly $287 to $288, while Southern live deals were at mostly $180. The Oklahoma Weekly Cattle Auction Summary reported steady feeder steers and heifers. Boxed beef cutout values closed steady to higher. Estimated cattle slaughter was 125,000 head. Lean hog futures were modestly higher on short covering and demand expectations. Cash hogs were mixed, mostly steady to modestly higher. Pork values closed lower – down $1.34 at $92.44. Estimated hog slaughter was 490,000 head.
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 mostly higher and feeders were up, preparing for this week’s direct cash cattle business. April live was down $.22 at $187.32 and June was up $.12 at $182.95. March feeders were $.35 higher at $251.37 and April was up $1.80 at $255.35. Cash cattle country was very quiet on Monday. Bids and asking prices were not established. Significant trade volume will likely be delayed until Wednesday or later. Last week, Northern dressed deals were marked at mostly $287 to $288, steady to $1 below the previous week’s business. Southern live deals were at mostly $180, $2 lower than the prior week’s weighted averages. According to the Oklahoma Weekly Cattle Auction Summary, feeder steers and heifers were mostly steady across the state last week. USDA says demand was moderate to good cattle future took a dive midweek. Steers calves sold steady to $4 higher, heifer calves were $2 to $4 higher. Medium and Large 1 feeder steers 750 to 799 pounds ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.