Wholesale pork prices hit their highest since mid-November, with the carcass cutout jumping $8.06 to $92.78 per cwt, according to USDA data. This study provides an estimate of feeder cattle hedge ratios associated with the new cash-settled feeder cattle futures contract and compares the levels of. Prices for select cuts jumped $5.16 to $296.09 per cwt. Department of Agriculture priced choice cuts on Monday morning at $313.69 per CWT, up $3.76 from Friday afternoon. ![]() August feeder cattle (FCQ3) finished up 0.7 cent at 242.6 cents per pound.ĬME July lean hog futures (LHN3) settled down 0.5 cent at 84.15 cents per pound. There are separate contracts for different months in the future. Live cattle contracts have risen for eight straight sessions and feeder cattle contracts have posted gains for five sessions in a row.īut hog futures closed weaker even as pork prices surged higher, as traders cited overbought technical conditions for a pause in the rally that had pushed prices to a two-week high on Friday.īenchmark CME August live cattle futures (LCQ3) settled up 0.375 cent at 173.275 cents per pound after posting a fresh contract high of 174.425 cents. The CME Feeder Cattle futures contracts reflect expected prices per hundred weight (CWT) for 700-899 pound feeder cattle within a 12 state region that includes the bulk of feeder cattle sales. ![]() Insurance Period: LRP-Feeder Cattle insurance is offered for 13, 17, 21, 26, 30, 34, 39, 43, 47 or 52-week periods. Chicago Mercantile Exchange extended their rally on Monday, with strong cash prices and technical buyers pushing the market higher. Basic Principles Protection Offered: LRP-Feeder Cattle insurance protects feeder cattle producers against a decline in prices below the established coverage price.
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