Live Cattle Dec '17 (LEZ17)
Price PerformanceSee More
|Period||Period Low||Period High||Performance|
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+2.450 (+2.10%)since 10/20/17
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+8.975 (+8.15%)since 08/22/17
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+20.950 (+21.36%)since 11/22/16
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Live cattle futures posted gains of 72.5 cents to $1.425 on Wednesday, with feeder cattle futures $1.10 to $1.45 higher. The CME feeder cattle index on November 21 was down 10 cents to $156.58. Wholesale beef prices were mixed on Wednesday afternoon. Choice was up 38 cents at $209.01, with select boxes a penny lower at $188.64. USDA indicated FI cattle slaughter at 359,000 head through Wednesday, 6,000 larger than a week ago and 11,000 above the same week in 2016. This morning’s FCE auction showed 2 offers of $119 passed on by feedlots, as asks of $120 were passed by packers. There were no sales reported of the 955 head. Cash sales traded $120-$120.50 in the North on Wednesday. This morning’s Cold Storage report indicated frozen beef stocks of 506.931 million pounds, 2.2% larger than September but down 4.9% from last year.Dec 17 Cattle closed at $119.050, up $1.075,Feb 18 Cattle closed at $125.475, up $1.425,Apr 18 Cattle closed at $125.950, up $1.150,Jan 18 Feeder Cattle closed at $152.725, up $1.100Mar 18 Feeder Cattle closed at $151.150, up $1.325Apr 18 Feeder Cattle closed at $150.925, up $1.250
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