Today's beef outlook 12-6
By Jim Cote; Dow Jones Newswires
Cattle Fundamentals
The USDA's composite value for choice beef Monday was up $1.28 at $151.95
while select was up $2.05 at $142.30. The volume of sales for fabricated loads
was about 172, while the load count for trimmings and coarse grinds was 129.
The beef packer profit margin was a minus $17.00 per head.
The CME feeder index fell 42 points to 116.44 Monday.
(Note: The operating margin index is not intended as an exact profit/loss
statement for packers, but as an indication of the general health of the
industry. The index was calculated by www.HedgersEdge.com.)
By Jim Cote; Dow Jones Newswires
Cattle Fundamentals
The USDA's composite value for choice beef Monday was up $1.28 at $151.95
while select was up $2.05 at $142.30. The volume of sales for fabricated loads
was about 172, while the load count for trimmings and coarse grinds was 129.
The beef packer profit margin was a minus $17.00 per head.
The CME feeder index fell 42 points to 116.44 Monday.
(Note: The operating margin index is not intended as an exact profit/loss
statement for packers, but as an indication of the general health of the
industry. The index was calculated by www.HedgersEdge.com.)