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Cattle Market Comments - Ann Barnhardt
Today 3/9/2005 1:30:00 PM
Low-Carb Market Wrap
What a day in the cattle market. The futures opened modestly higher, and gradually strengthened throughout the session. April Cattle did touch limit-up at $92.25, but finishing at $91.45 as the Goldman Roll suppressed April and pushed June into new highs at the close. Cash trade was seen mid-morning at $150 and $92, but feedyards quickly began passing as the futures continued their steady climb. As of this writing, $94 is trading in the North, and we await trade in the South. It will take at least $93, and probably $94 to move cattle this week.
Today's Cattle Kill = 119,000
Week Ago = 118,000
Year Ago = 119,000
Week to Date = 357,000
Same Period Last Week = 356,000
A.M. Boxed Beef
Choice $153.59 up $2.33
Select $147.90 up $1.33
240 Loads Fab
109 Loads Trim & Grind
Source: Ann Barnhardt, Commodity Broker, Risk Management & Marketing Consultant, http://www.Barnhardt.biz
Today 3/9/2005 1:30:00 PM
Low-Carb Market Wrap
What a day in the cattle market. The futures opened modestly higher, and gradually strengthened throughout the session. April Cattle did touch limit-up at $92.25, but finishing at $91.45 as the Goldman Roll suppressed April and pushed June into new highs at the close. Cash trade was seen mid-morning at $150 and $92, but feedyards quickly began passing as the futures continued their steady climb. As of this writing, $94 is trading in the North, and we await trade in the South. It will take at least $93, and probably $94 to move cattle this week.
Today's Cattle Kill = 119,000
Week Ago = 118,000
Year Ago = 119,000
Week to Date = 357,000
Same Period Last Week = 356,000
A.M. Boxed Beef
Choice $153.59 up $2.33
Select $147.90 up $1.33
240 Loads Fab
109 Loads Trim & Grind
Source: Ann Barnhardt, Commodity Broker, Risk Management & Marketing Consultant, http://www.Barnhardt.biz
