Cash sales closed the week mostly 122$ with 123$ in Texas, and 195$ dressed. Basis appears to be 3 over February futures. Lower cutout and higher cash has squeezed packer margins into the red.
Cash sales hit 119/120 on Wednesday and closed the week 118$ to 119, and 190$ dressed. Basis appears to be even with February futures.
Cash sales held steady this week at 118$ and 188$ dressed. Basis appears to be 3$ over February futures
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.
Cash sales ended the week at 112$ in Wyoming. Dressed prices at 175$ in Nebraska.
Cash sales ended the week at 110$ in Wyoming, Colorado, and Nebraska.
Cash sales topped midweek at 115.50$ but ended the week at 114 in Texas, 112 for heifers.
Cash sales topped last week at 110$. Dressed prices looked to be 168-170$.
The week ending Oct 29th showed steer carcass weights 2# higher at 917#, 2# below last year’s weights.
Large volumes of cash sales occurred Friday at 105$, 3 to 5$ higher than last week. Dressed prices looked to be 164$.