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Austin Schroeder at Barchart.com said, “Live cattle futures saw gains of $1.30 to $2.15 across the board on Wednesday. Open interest was up 1,377 contracts. Cash trade saw some light $348-350 dressed action in the North so far this week as reported by USDA, with live sales at $219-219.50. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,586 head offered and $224/345 bids.”
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Boxed beef cutout values this afternoon were higher on Choice and higher on Select, the USDA said.
“The cattle complex finished lower after a higher start the day. Cash cattle sales in the South went unreported Friday but there was talk off …
“Pasture conditions in the southern Plains are finally set to improve with much better moisture chances moving in over the next 10 days,” the …
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