News

USA: Cattle futures mixed to end the week

Other Frozen Pork Cuts
Frozen Bone-In Beef
Meat
United States
Market & Price Trends
Published Feb 10, 2024

Tridge summary

At the Chicago Mercantile Exchange, live and feeder cattle saw mixed results, with some prices increasing and others decreasing. The Mobridge Livestock Exchange in South Dakota reported good demand for cattle suitable for grass or backgrounding. Hay movement in Missouri was steady, and boxed beef closed mixed. Lean hog futures increased, but cash hogs closed lower. The estimated hog slaughter was 484,000 head, down 3,000 from the previous week but up 12,000 from the previous year.
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

At the Chicago Mercantile Exchange, live and feeder cattle were mixed waiting for direct business to develop. April live cattle closed $.15 higher at $186.72 and June live cattle closed $.25 higher at $183.97. March feeder cattle closed $.30 higher at $247.15 and April feeder cattle closed $.15 lower at $251.77. It took all week for direct cash cattle trade to develop, but it was worth the wait. A light round of business developed late in the day Friday. Live deals in the South were at $182, $4 higher than the previous week’s weighted averages. There were also a handful of live deals reported in Iowa Thursday at $176 to $179. At the Mobridge Livestock Exchange in South Dakota, the USDA says there was good demand for the day’s large offerings. The best demand was for cattle suitable for grass or backgrounding. Most of the offering was home-raised, vaccinated, and long-time weaned. Flesh varied from light to moderate plus, and quality ranged from plain to attractive. The ...
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