News

Hog futures lower to end the week in the US

Other Frozen Pork Cuts
Meat
Published May 6, 2023

Tridge summary

At the Chicago Mercantile Exchange, live cattle were mixed, adjusting spreads and feeders were lower on the higher move in corn. June lives closed $.35 higher at $161.92 and August lives closed $.07 higher at $159.50. August feeders closed $1.72 lower at $221.42 and September feeders closed $1.62 lower at $225.05.

Original content

At the Chicago Mercantile Exchange, live cattle were mixed, adjusting spreads and feeders were lower on the higher move in corn. June lives closed $.35 higher at $161.92 and August lives closed $.07 higher at $159.50. August feeders closed $1.72 lower at $221.42 and September feeders closed $1.62 lower at $225.05. It was a quiet Friday across cattle country. For the week, Southern live deals were marked at mostly $172, $1 lower than the previous week’s weighted averages. Dressed deals in the North were at mostly $281, $3 below the prior week’s weighted average basis in Nebraska. At the Denison Livestock Feeder Cattle in Iowa, compared to two weeks ago 800 to 850 pound steers were $4.50 to $9.50 lower. The USDA says lighter steers were in limited supply, heifers 750 pounds were $6 higher. There were many load-lots of yearling cattle. Demand was good and the market was active. Receipts were down from the most recent sale. Feeder supply included 69% steers and 78% of the ...
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.