Live cattle futures on Thursday saw 37 percent profit on June, tried to maintain the cash market, as other contracts were below 67 cents to $ 1.07. So far this week, $ 235-238 has been reported to the south, with action prepared at $ 380 in the north. Feeder cattle futures were mixed in Thursday’s session, with August 17 cents and other nearby near 25 to 40 cents. The CME Feeder Cattle Index was $ 1.23 on June 11 with an average price of $ 315.85.
The USDA prolonged the sale of beef exports 15,337 meters a week ended on June 5. It was 8-week high and almost double the week ago. South Korea was a 6,100 Mount buyer, with 3,200 metric tons sold to Japan. Shipment was 14,542 Mount, the highest wash in 3 weeks. Out of that total, 5,300 tonnes of South Korea was led with 4,200 tonne meters to Japan in South Korea.
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The USDA national wholesale boxing beef prices were higher on Thursday afternoon, with CHC/SEL spread to $ 13.65. The choice box was another $ 1.96 at $ 376.72, while the selection was quoted at $ 2.32 high $ 363.07/CWT. The USDA’s federally inspected the cattle slaughter for Thursday, which was 115,000 heads with a total of 456,000 heads weekly. It is 21,000 heads before the week and 32,969 heads below the same week last year.
June 25 Live Cattle Closed at $ 228.200, by $ 0.375,
25 August live cattle Closed at $ 216.950, $ 1.075 below,
25 October live cattle Closed at $ 214.350, $ 0.675 below,
August 25 feeder cattle Closed at $ 311.250, by $ 0.175,
25 September feeder cattle Closed at $ 310.550, $ 0.250 below,
25 October feeder cattle Closed at $ 308.450, below $ 0.400,
On the date of publication,
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