Live cattle futures are trading with $2 to $2.75 gains across most contracts at midday. Cash trade shifted from $230 early in the week to $232 in the north on Friday, with Southern sales near $235-237. Feeder cattle futures are posting $4 to $5.85 gains at midday. The CME Feeder Cattle Index fell $4.75 to $347.25 on October 30. The weekly OKC auction has 5,800 head for sale, with early action noted higher.
USDA Wholesale Boxed Beef prices were higher in the Monday morning report, with the Chc/Sel spread at $18.61. Choice boxes were up $1.42 to $379.55, while Select was $2.29 higher at $360.94. USDA federally inspected cattle slaughter for last week at 559,000 head. That is 14,000 head below last week and 56,990 head shy of the same week last year.
Dec 25 Live Cattle are at $232.100, up $2.425,
Feb 26 Live Cattle are at $230.425, up $2.750,
Apr 26 Live Cattle are at $229.350, up $2.625,
Nov 25 Feeder Cattle are at $342.900, up $4.025
Jan 26 Feeder Cattle are at $336.900, up $5.000
Mar 26 Feeder Cattle are at $332.950, up $5.825
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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