Live Cattle Feb '20 (LEG20)
Live Cattle Futures Market News and Commentary
Live cattle futures are lower on Wednesday, with nearby contracts down triple digits at midday. Feeder cattle futures are sharply lower at midday, with Jan futures flirting with limit losses. The CME Feeder Cattle index gained $0.72 on 11/11 to $147.24. Wholesale boxed beef prices gained on the day to widen the Chc/Sel spread to 24.76. Choice boxes are $1.75 higher to $242.25. Select boxes have gained $1.26 so far, at $217.26. Today’s FCE auction didn’t accrue any sales; there were offers of $115 in Texas and $15.50 in KS, which were both passed on. USDA estimated WTD cattle slaughter under federal inspection from Tuesday was 231,000 head, which matches the same week last year’s pace.
DEC 19 Cattle are at $118.175, down $1.575,
FEB 19 Cattle are at $123.950, down $1.625,
APR 20 Cattle are at $125.525, down $1.525,
NOV 19 Feeder Cattle are at $145.775, down $2.025
JAN 19 Feeder Cattle are at $143.200, down $3.925... Read more
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