Cattle Mixed at Midday
Live cattle futures are showing mixed action in Tuesday with nearby Dec up 25 cents and other contracts down 7 to 12 cents. Cash action was at $191-192 trade in the South last week, with trade up to $195-196 in the North. No trade was reported on Monday, with most compiling showlists.
Feeder cattle futures are up $1.15 to $1.45 at midday. The CME Feeder Cattle Index was back down 86 cents from the day prior at $261.73 on December 13. The weekly OKC feeder cattle auction showed 7,342 head for Monday’s sale. Sales were $5-10 higher for feeder steers, with calves $8-13 higher. Feeder heifers and heifer calves were steady.
USDA wholesale Boxed Beef prices were mixed in the Tuesday morning report. Choice boxes were up 43 cents to $317.80/cwt, with Select 53 cents lower @ $289.04. USDA estimated Monday’s federally inspected cattle slaughter at 118,000 head. That is 1,000 head below the previous Monday and down 5,745 from the same Monday last year.
Dec 24 Live Cattle are at $192.275, up $0.250,
Feb 25 Live Cattle are at $189.850, down $0.125,
Apr 25 Live Cattle are at $191.675, down $0.075,
Jan 25 Feeder Cattle are at $257.000, up $1.450
Mar 25 Feeder Cattle are at $257.575, up $1.200
Apr 25 Feeder Cattle are at $258.575, up $1.150
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.