Products on the government import list included pork and beef. hams and other food, said it will waive import duties for one year on a range of household staples in a bid to curb inflation. In other news, Mexico, an importer of U.S. Find the latest Feeder Cattle Futures,Aug-2022 (GFF) stock quote, history, news and other vital information to help you with your stock trading and investing. The contract trades globally on the CME Globex electronic trading platform and has eight expiration months: January, March, April, May, August, September, October, and November. Carcasses were priced at $101.55 per cwt, up $0.38, while pork bellies climbed by $8.20 to $155.52 per cwt, the U.S. Feeder Cattle Futures The Chicago Mercantile Exchange (CME) offers a futures contract that settles into 50,000 pounds (23 metric tons) of feeder cattle. The market has rebounded after dropping on Thursday to its lowest prices since January, traders said. July lean hogs closed 3.600 cents stronger at 104.800 cents per pound. In the hog market, meanwhile, futures prices ended higher, extending gains from Friday.ĬME June lean hog futures ended up 3.075 cents at 103.825 cents per pound. Principal trading months for feeder cattle futures. Feeder cattle futures are traded electronically on the Globex ® platform Monday from 09:30 a.m. He told me yesterday that you can insure a 600 pound steer right now for 1.56. He has a pretty good understanding of the futures and insuring a market price. There is a young guy here who worked in a big feedlot for years. 0.025/cwt (0.025 cents per pound), worth 12.50 per contract. I see that feeder futures are all on the up side of 1.40. Feeder cattle futures contract specifications. Feeder cattle limits will increase to 7 cents from 6.25 cents. Here are the feeder cattle futures contract specifications. I sold some feeder cattle futures on insurance for. As feeder cattle futures fell by more than 20 per cwt (160 on an. Feeder cattle futures for next August, September and October are all from 173 to 174.80 per hundredweight. For example, since feeder steer and heifer basis is computed using the same futures contract. Starting on June 1, exchange owner CME Group will expand daily trading limits for live cattle to 5.75 cents from 5 cents as part of an annual resetting, according to a notice. These expectations made those calf purchases very expensive. Remember, anything that affects cash prices will affect basis. For a load of 60 head of 800-pound feeder steers, that amounts to a. On that date, feeder cattle prices for an 800-pound feeder steer had declined by 33 per hundredweight, or 264 per head from January 10th, when the crisis began impacting U.S. Rising futures prices for wheat and corn, used for feed, helped knock down feeder cattle, traders said. Feeder Cattle Index Price occurred on April 14th. Article contentĪugust feeder cattle slipped 0.600 cents to end at 167.425 cents per pound and touched a new low of 166.000 cents. ![]() This advertisement has not loaded yet, but your article continues below.
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