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Cattle Today

7.7 Markets
>>> Reminder Producers<<<
Markets are changing particularly
rapidly right now with reaction
to the COVID-19 pandemic. We
are monitoring plant closures and
other factors that may affect you
and your cattle marketing.
Please stay in touch with your
Nexus livestock rep. 


Cattle
•August: day 9 of a buy signal. Dec: day 2 of a buy signal. November feeders: day 14 of abuy signal.
•Cash cattle traded in the Southern Plains (small volume) at $93-95/cwt.
•IA/NE traded a few cattle at $160/cwt
•Packer margins are roughly $300/head in the black
•Product has found support at $205/cwt
•Funds as of Tuesday are long 17,621 contracts, up 54 contracts, feeder cattle are long 1,953 contracts, up 955 contracts.
•Cattle are nearing the 1st level of a counter trend overbought sell zone.
•USC remains more bullish the 4th quarter into 2021.
•Feeder Cattle Index: $129.98 vs $129.88 prior.
•Boxed beef: Choice up $0.02/cwt to $205.46, Select down $1.79/cwt to $196.97, C/S spread $8.49, 156 loads.
Visit with your cattle rep for the latest on how to sell now.
The Newly Updated Nexus Cattle Calculator is Live In the Apple App Store and Google Play!

U.S. Meat Export Federation
Red Meat Exports Slow in May

Drovers
Cattle Backlog Keeps Market Heading South

Oklahoma Farm Report
Peel: Slow Recovery Ahead

Purdue University
Ag Barometer Shows Farmer Sentiment Improved

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