Hogs fill the upside gap but fail to hold it.

Mixed trade was seen for the cattle complex. Last week's cash trades were steady/lower. Wholesale beef may begin to support. Showlists, offered supplies of finished cattle for packers this week, were estimated +10,500 from last week. USDA's Friday afternoon estimate of the week's cattle kill came to 629,000 head. Our morning estimate was 624,000. This week's run comes with the prior four weeks that ran 605,000 - 626,000. Compared with the prior year it was -2.1%. The prior six weeks ran -6.6%.

This content requires a premium subscription.

Please login to your premium subscription to view this content in its entirety.

Login

Forgot your password? Reset it by clicking here.
Need an account?
Try our FREE 1 week trial, no card required.
Interested in our Free Webinar?

Sign up now! 

Post Archives

Allendale Insider

On The Go

Market Movers

Snapshots

Trader Insights

Morning Wake up Calls