Livestock Roundup 3/10/23
Posted: March 10, 2023, 8:57 a.m.
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April live cattle futures trade lower for a third session and sink 65 cents in Thursday’s trade. Oliver Sloup has more. |
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Cattle Summary
Weekly Export Sales
- Beef: Net sales of 5,600 MT for 2023--a marketing-year low--were down 31 percent from the previous week and 67 percent from the prior 4-week average.
Daily Cutout Values
- Choice: 284.60, Down .18 from the previous day.
- Select: 276.05, Down 2.07 from the previous day.
- Choice/Select Spread: 8.55
5 Area Average Cattle Price
- Live Steer: 164.81
- Live Heifer: 164.71
- Dressed Steer: 262.64
- Dressed Heifer: 262.63
Daily Slaughter
- Estimated at 126,000. Unchanged from last week and 1,000 more than the same week last year.
Feeder Cattle Index
- 03/08/2023: 188.72
- 03/07/2023: 188.33
Hogs Summary
Weekly Export Sales
- Pork: Net sales of 22,100 MT for 2023 were down 29 percent from the previous week and 44 percent from the prior 4-week average.
Daily Direct Hogs Plant Delivered (as of 1:30 PM CT)
Carcass Base Price
Range: 73.00-80.00
Weighted Average: 78.58
Change from Prior Day: -.44
Head Count: 8,090
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Livestock
Feeder Cattle
Lean Hogs
Live Cattle
Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.
With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500
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