Live cattle futures are posting $1.20 to $1.35 gains across most contracts on Monday. Cash trade last week was reported at $196-197 in the South and $200 in the North. Feeder cattle futures are back up $1.55 to $1.75 at midday. The CME Feeder Cattle Index was up $3.99 from the day prior at $265.76 on January 2. The weekly OKC feeder cattle auction shows an estimated 7,500 head for sale today, which is up slightly from the previous sale a couple weeks ago and well below last year.
USDA wholesale Boxed Beef prices were higher in the Monday morning report. Choice boxes were up $2 at $327.24/cwt and Select $4.40 higher @ $301.12. USDA estimated federally inspected cattle slaughter for last week at 498,000 head. That is up 54,000 head from last week but down 44,462 head from the same week last year.
Feb 25 Live Cattle are at $195.275, up $1.225,
Apr 25 Live Cattle are at $197.250, up $1.250,
Jun 25 Live Cattle are at $192.025, up $1.350,
Jan 25 Feeder Cattle are at $266.525, up $1.700
Mar 25 Feeder Cattle are at $265.725, up $1.550
Apr 25 Feeder Cattle are at $266.150, up $1.750
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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