Live cattle futures are posting 12 to 75 cent gains at midday. Cash trade saw sales of $183 in the South last week, up $2-3 on the week. Northern sales improved $2-3 to $184-185. Monday was mostly compiling showlists.
Feeder cattle futures are mostly 50 to 85 cents higher at midday, with nearby September down 45 cents. The CME Feeder Cattle Index was back up 24 cents at $243.50 on September 20. The weekly OKC feeder cattle auction showed 6,300 head of calves estimated for today’s sale, down from last week and down from the same week last year. Feeder steers and calves were steady, with heifers steady to down $5. There was notable interest in 4 weight calves.
USDA wholesale Boxed Beef prices were higher in the Tuesday AM report. Choice boxes were up 98 ce ts to $302.79/cwt, with Select 77 cents higher @ $288.56. The Chc/Select spread widened to $14.23. USDA estimated Monday’s federally inspected cattle slaughter at 107,000. That is 14,000 head below the previous Monday and 18,592 head below the same Monday last year.
Oct 24 Live Cattle are at $183.375, up $0.125,
Dec 24 Live Cattle are at $184.500, up $0.675,
Feb 25 Live Cattle are at $185.575, up $0.725,
Sep 24 Feeder Cattle are at $244.650, down $0.450
Oct 24 Feeder Cattle are at $245.300, up $0.825
Nov 24 Feeder Cattle are at $243.400, up $0.650
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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