Cattle

The CattleBoard: Live Cattle Starts Week Higher, Choice/Select Spread Widens


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Live Cattle Open Interest Over 371K Contracts; Record High

Open interest up 4,100 contracts from last week; record high for the year.  Long/Short spread narrows slightly.
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Cattle Trader's Scorecard: 58.27% (Trade & Beef Up)

5-area cattle trade up $1.06 from week prior; boxed beef up 63 cents. 
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Livestock Slaughter: Cattle Record High; Hogs At 10-Week Low

Cattle slaughter hits high of the year at 673,000 head.  Hog slaughter drops 36,000 head to 10-week low.
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Meat Board: Beef & Chicken Hit New Highs: Pork Not Far Off

Meat composite finishes the week over $141; record high this year.  Beef cutout finishes the week over $171; record high this year.  Chicken breast (boneless/skinless) finishes the week over $164; record high this year.
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The CattleBoard: Feeder Cattle Ends Week Lower, Boxed Beef Increases


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Three Big Weeks For Beef Exports

Net sales of 13,300 MT were down 26 percent from the previous week and 8 percent from the prior 4-week average. Increases were reported for Mexico (3,400 MT), Japan (2,800 MT), South Korea (2,100 MT), Canada (1,700 MT), and the Netherlands (1,300 MT).
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Meat Board: Composite Price Reaches New High; Chicken Responds To Higher Beef And Pork

Meat price composite over $141.  Chicken breast hits high of the year.  Boxed beef over $170; Pork over $90.
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The CattleBoard: Live & Feeder Cattle Down, Choice/Select Spread Narrows


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The CattleBoard: Live Cattle Ends Higher, 5-Area Head Count Close To 120,000


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The CattleBoard: Boxed Beef Up, Choice/Select Spread Widens To 3.96


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