Reside cattle futures got here out of the weekend with stronger merchants early however slipping to shut with 5 to 35 cent losses. Money commerce from final week was reported at $208-210 within the South and $212-214 within the North. Feeder cattle futures posted losses of $1.25 to $1.75. The CME Feeder Cattle Index was again down $3.12 on April 18, with the common worth at $289.30. The Monday afternoon OKC feeder cattle public sale confirmed 1,582 head on the market, with gross sales listed as regular.
Thursday afternoon’s Cattle on Feed report from USDA confirmed March placements up 5.08% from final 12 months at 1.841 million head. March marketings have been up 1.05% at 1.725 million head. April 1 cattle on feed stock was down 1.59% to 11.638 million head. A breakdown on steers and heifers was launched this month, with 4.38 million head of heifers in feed, which is 37.64% of the overall and the bottom out of the final 5 years.
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CFTC knowledge confirmed spec funds in dwell cattle futures and choices trimming one other 11,980 contracts from their internet lengthy positions as of Tuesday to 106,523 contracts. Managed cash lower one other 2,122 contracts from their internet lengthy in feeder cattle futures and choices, to 25,915 contracts by April 15.
The Monday afternoon USDA Nationwide Wholesale Boxed Beef report was again greater, because the Chc/Sel was narrowed to $14.75. Alternative bins have been $2 greater at $333.52/cwt, with Choose up $3.22 to $318.77. Federally inspected cattle slaughter was estimated at 100,000 head for Monday. That was 12,000 head beneath the earlier Monday and down 12,211 head from the identical week final 12 months.
Apr 25 Reside Cattle closed at $209.775, down $0.050,
Jun 25 Reside Cattle closed at $203.750, down $0.325,
Aug 25 Reside Cattle closed at $200.000, down $0.125,
Could 25 Feeder Cattle closed at $285.525, down $1.325,
Aug 25 Feeder Cattle closed at $289.150, down $1.725,
Sep 25 Feeder Cattle closed at $288.000, down $1.575,
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