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Thursday, March 09, 2023 1:01:44 PM
Front Month Cattle In Red At Midday
By: Barchart | March 9, 2023
Live cattle futures are trading 50 to 65 cents lower so far, with 50 to 90 cent losses in the feeders. USDA has found limited cash trade for the week. The weekly FCE auction saw no cash trade between $163-$164 and asks from $165. The 3/7 CME Feeder Cattle Index was $188.33, up by another 29 cents.
Beef export sales were 5,570 MT for the week that ended 3/2. South Korea had a 1,100 MT cancelation. Beef shipments were 13k MT for the week, bringing the season’s total to 137,667 MT.
Wholesale Boxed Beef prices were weaker in the AM report with Choice 11 cents lower and Select $1.99 weaker. USDA estimated the week’s FI cattle slaughter at 378,000 head through Wednesday. That is 2,000 more than last week’s pace and is up 7,000 from the same week last year.
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DiscoverGold
By: Barchart | March 9, 2023
Live cattle futures are trading 50 to 65 cents lower so far, with 50 to 90 cent losses in the feeders. USDA has found limited cash trade for the week. The weekly FCE auction saw no cash trade between $163-$164 and asks from $165. The 3/7 CME Feeder Cattle Index was $188.33, up by another 29 cents.
Beef export sales were 5,570 MT for the week that ended 3/2. South Korea had a 1,100 MT cancelation. Beef shipments were 13k MT for the week, bringing the season’s total to 137,667 MT.
Wholesale Boxed Beef prices were weaker in the AM report with Choice 11 cents lower and Select $1.99 weaker. USDA estimated the week’s FI cattle slaughter at 378,000 head through Wednesday. That is 2,000 more than last week’s pace and is up 7,000 from the same week last year.
Read Full Story »»»
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