A solid end to the week for cash cattle business

 

By Meghan Grebner, Brownfield

April 2, 2021

 

At the Chicago Mercantile Exchange on Thursday, live cattle ended the day mostly lower and feeder cattle closed mostly higher...

 

A light to moderate direct cash cattle trade developed on Friday.  The majority of deals in the North were at $190, $5 higher than the prior week’s weighted average basis in Nebraska.  There was a little cleanup trade in the South at $118 live, fully steady with Thursday business...

At the New Cambria Livestock Market...

 

... Boxed beef closed sharply higher on good demand for moderate offerings.  Choice closed $2.88 higher at $252.85 and Select closed $2.27 higher at $246.97.  The Choice/Select spread is $5.88.  Estimated cattle slaughter 105,000 head – down 10,000 on the week and down 2,000 on the year.  Saturday’s estimated kill is 33,000 head – down 26,000 on the week and down 20,000 on the year. ..

 

... Cash hogs closed mixed with a very light negotiated run.  Packers continue to monitor the availability of market-ready barrows and gilts.  It looks like...

 

... Pork values ended the day higher – up $.65 at $109.51...

 

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