Reside cattle futures are down $3.55 to $6.32 on the noon a part of the session. Money has been widespread at $240 throughout the nation. The Friday Fed Cattle change noticed 240.50-242 gross sales on 166 of the 1,184 head provided, with $236-240 bids on different tons. Feeder cattle are down $7.67 in close by October with different contracts the restrict decrease. The CME Feeder Cattle Index was up one other 63 cents at $375.10 on October 15.
In a Thursday afternoon launch, President Trump said the administration had a plan to convey down the value of beef. No specifics had been launched on any plan, although the market is taking a threat off strategy.
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USDA Wholesale Boxed Beef costs had been greater within the Thursday afternoon report, with the Chc/Sel unfold at $16.64. Selection packing containers had been up 89 cents to $367.00, whereas Choose was $1.43 greater at $350.36. USDA federally inspected cattle slaughter for Thursday was estimated at 118,000 head, with the weekly complete at 466,000. That’s 20,000 head above final week however 20,553 shy of the identical week final yr.
Oct 25 Reside Cattle are at $240.400, down $3.550,
Dec 25 Reside Cattle are at $242.125, down $5.750,
Feb 26 Reside Cattle are at $243.225, down $6.325,
Oct 25 Feeder Cattle are at $372.000, down $7.675
Nov 25 Feeder Cattle are at $371.700, down $9.250
Jan 26 Feeder Cattle are at $369.300, down $9.250
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