1/28/2024 0 Comments Feeder cattle prices![]() ![]() The Dow Jones Industrial Average closed 2 points higher. That was 18,000 less than the previous week’s level, which was revised 48,000 higher. The advance figure for seasonally adjusted initial claims was 228,000 the week ending April 1, according to the U.S. financial indices mostly edged higher Thursday with initial weekly unemployment insurance claims higher than expected, another potential sign of a slowing economy. Soybean futures closed 6¢ to 18¢ lower through Jan ‘24 and then mostly 2¢ to 5¢ lower. KC HRW Wheat closed 1¢ to 3¢ higher through May ‘24 and then mostly fractionally lower to 1¢ lower. Select was $1.53 lower at $276.63/cwt.Ĭorn futures closed 3¢ to 9¢ lower through Jly ‘24, and then mostly fractionally higher, with pressure including a more favorable weather outlook. ![]() Dressed prices are $5-$8 higher at $275-$280.Ĭhoice boxed beef cutout value was $1.03 higher Thursday afternoon at $289.65/cwt. So far this week, live prices are $3-$5 higher in the Texas Panhandle at $170/cwt., $4-$5 higher in Nebraska at $172-$177 and $2-$7 higher in the western Corn Belt at $172-$177. Negotiated cash fed cattle trade ranged from slow to moderate on moderate demand to a standstill through Thursday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service. Live Cattle futures closed an average of $1.76 higher (85¢ to $2.80 higher) with added support from recently higher wholesale beef prices. Cattle futures took another strong step higher Thursday, buoyed by another week of significant cash gains.įeeder Cattle futures closed an average of $2.96 higher, also helped along by a break in Corn futures
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