Live cattle futures are trading ~50 cents off their daily highs, but still 72 to 92 cents in the black. Feeders are back up by as much as $1.40 across the front months. USDA had minimal cash activity for Monday. USDA’s OKC Feeder Auction review showed prices were $3 to $8 higher for the 6.5k head sold. The 3/8 CME Feeder Cattle Index was 50 cents lower to $248.24.
USDA’s Wholesale Boxed Beef prices increased another $3.63 in Choice this morning and were up by 90 cents in Select. Federally inspected cattle slaughter was estimated at 111,000 head for Monday. That is 5k head behind last week and is nearly 11k head under the same week last year.
April 24 Cattle are at $188.100, up $0.500,
Jun 24 Cattle are at $183.900, up $0.875,
Aug 24 Cattle are at $183.025, up $0.975,
Cash Cattle Index was $184.630, from $181.84 last week
Mar 24 Feeder Cattle are at $248.950, up $0.700
April 24 Feeder Cattle are at $253.700, up $0.600
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