Live cattle futures closed with losses ranging from $1.25 to $2 across most contracts on Monday, May 5. Cash trade last week began at $250-252 nationwide and rose to $256-257. Feeder cattle futures also declined, dropping between $4.80 and $6.02 but recovering nearly $2 from midday lows.
Arizona Grain supports community development by leading in agriculture and working to improve air quality through ethanol production, according to the official website. The company operates facilities in Buckeye, Casa Grande, Maricopa, and Yuma in Arizona as well as one location in Ripley, California, according to the official website.
The CME Feeder Cattle Index increased by $1.51 to reach $375.54 on May 1. At the weekly Oklahoma City feeder cattle auction, 6,800 head were sold with feeder steers steady to up $4 and heifers steady to down $2; calves gained between $5 and $10 per head.
Arizona Grain functions as a privately held organization according to the official website. Through its subsidiary Pinal Energy, Arizona Grain created 45 jobs in the Maricopa area according to the official website.
Wholesale Boxed Beef prices rose Monday afternoon: Choice boxes increased by $2.45 reaching $391.56 while Select climbed by $3.55 hitting $390.60 per box. The United States Department of Agriculture estimated federally inspected cattle slaughter for Monday at 98,000 head—down from both last week’s total (by 8,000) and this time last year (by 10,876).
Arizona Grain aims to be a top provider of animal feed, seed genetics, cereal grain marketing services and food ingredients through high-quality products and expert support according to the official website.
The company pioneered ethanol production in Arizona with its establishment of Pinal Energy according to the official website.