Live Cattle End Mixed, Lean Hogs Mostly Lower

Hog markets fell while cattle prices were mixed. ( freeimages.com )

Chicago Mercantile Exchange live cattle futures ended mixed on Tuesday, with nearby contracts weighed down by expectations for increased supplies of market-ready cattle beginning next month.

Declines were limited by concerns that harsh winter weather last week in northern areas of the U.S. Plains and western Midwest slowed cattle weight gains, which could force packers in the region to pay higher prices for fewer market-ready cattle in the near term.

"The numbers of slaughter-ready animals in the north will be tighter this week and next. Iowa's snowstorm last week has taken the top off and definitely affected weights," said Jeff French, a broker with Top Third Ag Marketing in Chicago.

"But from mid-March, we're going to be running into plenty of slaughter-ready cattle. It's going to be tough to work through these numbers," he said.

Investors waited on packer bids to develop following trades last week in the southern Plains at $125 to $126 per cwt. The tighter supplies in the north could have packers paying higher prices for cattle than in the south, where cattle weight gains have been strong.

CME February live cattle closed down 0.300 cent per pound at 126.825 cents. April ended 0.225 cent lower at 124.775 cents and June finished down 0.075 cent at 116.650 cents. The August through February 2019 contracts closed higher.

Feeder cattle futures were also mixed, with nearby contracts anchored by profit-taking following strong gains the previous day.

March feeders ended down 0.400 cent per pound at 147.275 cents while April futures settled 0.025 cent lower at 149.500 cents.

Lean hog futures were mostly lower in a profit-taking setback following a 2-percent rally on Monday, pressured by ample supplies of hogs and pork.

February futures , which expire on Friday, shrugged off the weakness and ended up 0.275 cent at 73.350 cents. The actively-traded April contract settled down 1.100 cents per pound at 69.425 cents.

 

Comments

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
Submitted by Floyd V. Arthur on Wed, 02/28/2018 - 05:58

For all the stock market, your article is the best option to read and get all downs and falls information. But I appreciate your category of farming and you well described each of things and www.aussiewritingreviews.com website always share good instruction. Keep it up!

Submitted by nfl jerseys on Fri, 04/13/2018 - 21:23

The NFL jersesys shop scene of the postseason Saints's regrettable exit last year is still vivid. Defensive end-user Cameron Jordan believes that if the defense team is stronger then the SaintsShop NFL Jerseys By Team may get the Super Bowl. Into the offseason, Jordan has been trying very hard to recruit Endem Kong Su, but he was disappointed that Sue eventuallyBuy Custom NFL Jerseys chose the Lost and Lost Los Angeles, he chatted endlessly in the interview complained that Su could not wear the black shirt. "The ability Shop NFL Hatsto introduce players like Su is definitely a huge improvement, but it's clear he's more interested in Los Angeles." Jordan said in a live interview: "I'mShop NFL T-Shirts not saying I'm disappointed but just feel a bit sorry. The experience of the past year has given I know a lot, I think we had a chance to recruit him, butShop NFL Hoodie
I didn't succeed.San Francisco 49ers Jerseys I think we can go fishing in the weekend in Louisiana, we can do everything and we can take him everywhere. The Super Bowl is even Philadelphia Eagles Jerseysmore eager to go further in the playoffs. The Rams have done a lot of big things during the offseason and will be our strongest Customized New England Patriots Jerseysopponents." It's a partnership with a defensive beast like Su that I believe is a dream for any player. Cameron JordanCustomized Cincinnati Bengals Jerseys also used to make a double-ghost match with Su, but in the twinkling of an eye, Su chose the league's best defensiveLos Angeles Rams Hats player, Aaron Donald, and turned from a teammate to an opponent. "I want to say that our defense was very good last year, but he needs aAtlanta Falcons Hats strong core. I just want more powerful teammates." Although he did not win the Soviet Union, the biggest thing the Saints team did during Jacksonville Jaguars Hoodiethe offseason was Renewed quarterback Drew Bliss, considering that Brisbane is 39 years old, the team has to find his successor.Washington Redskins Hoodie Judging from the team’s 27th pick, they have only two excellent quarterbacks. One is Lamar Jackson of the University of LouisvilleTennessee Titans Hoodie and the other is Mason-Lu of Oklahoma State. Astoria. If you are the Saint General Manager, then who would you choose? Cameron JordanDenver Broncos T-shirts gives such an answer. "If I'm looking for a future quarterback, then I'll give him the same treatment as Aaron Rogers. Let him learn aChicago Bears T-shirts few years behind Brisbane, and then let him play." Jordan pulled in the screen Mar-Jackson said that he clearly pointed out that the reporterArizona Cardinals T-shirts soon realized this: "Are you talking about Lamar Jackson?" Jordan joked: "No, no, no. I mean Sheldon-Jenkins of Louisville. "We Kansas City Chiefs Hatsknow that a few months of predictions may become meaningless in the hours of the NFL draft show. I don't know how Lamar Jackson willCustomized Jacksonville Jaguars Jerseys feel when he hears Cameron Jordan's remarks. Lang has a good intention, and the Saints also want to prevent the otherPittsburgh Steelers Jerseys team from winning.