Live cattle future are up $1.90 to $2.35 so far on Wednesday. This morning’s Central Stockyards Fed Cattle Exchange online auction saw 519 head sold of the 2,652 head offered, at $186 live in TX and $188.50 using the BidTheGrid™ method. Feeder cattle futures are up $2 to $3.30 in the front months. The CME Feeder Cattle Index was up 19 cents at $247.43 on September 30.
USDA wholesale Boxed Beef prices were higher in the Wednesday AM report. Choice boxes were up 8 cents to $300.25/cwt, with Select $1.57 lower @ $2830.73. The Chc/Select spread widened to $16.52. USDA estimated Tuesday’s federally inspected cattle slaughter at 124,000 head, taking the weekly total to 243,000 head. That is even with the previous week but 4,014 head below the same week last year.
Oct 24 Live Cattle are at $186.825, up $2.350,
Dec 24 Live Cattle are at $187.475, up $2.300,
Feb 25 Live Cattle are at $188.075, up $1.900,
Oct 24 Feeder Cattle are at $249.025, up $2.875
Nov 24 Feeder Cattle are at $247.975, up $3.300
Jan 25 Feeder Cattle are at $241.450, up $3.000
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 Disclosure Policy here.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
