Live cattle futures are trading with 12 to 40 cent gains so far on Monday. Cash trade was slow last week, with sales reported at $192-193 in the South, up $1-2, and $196-197 in the North, $1-2 higher. Feeder cattle futures are up 20 to 52 cents at Monday’s midday. The CME Feeder Cattle Index was down $2.45 from the day prior at $258.32 on December 26.
USDA wholesale Boxed Beef prices were higher in the Monday morning report. Choice boxes were up $3.00 at $325.38/cwt and Select $2.96 higher @ $294.09. USDA estimated federally inspected cattle slaughter at 434,000 head last week through Saturday. That is down 66,521 head from the same week last year.
Dec 24 Live Cattle are at $193.900, up $0.400,
Feb 25 Live Cattle are at $190.775, up $0.125,
Apr 25 Live Cattle are at $193.475, up $0.125,
Jan 25 Feeder Cattle are at $261.825, up $0.450
Mar 25 Feeder Cattle are at $261.075, up $0.525
Apr 25 Feeder Cattle are at $261.250, up $0.200
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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