Cattle futures spent Thursday in a tighter $0.95 range, but ultimately settled with 5 to 32 cent losses. Feeder cattle futures traded 45 to 80 cents lower on the day. USDA confirmed Southern cash trade was $2 higher to $150 on Thursday, and Northern deals were $151-$152. The Feeder Cattle Index from CME was 11 cents higher on 10/25 at $174.96.Â
USDA reported weekly beef export bookings were 14,085 MT from the week that ended 10/20. That was down from 16.6k MT last week. Weekly shipments of 17.4k MT took the accumulated total to 771k MT.Â
Wholesale Boxed Beef prices were $262.49 in Choice and $231.91 in Select in the PM quotes. That was a $1.63 cwt. boost in Choice and was a $3.31 increase for Select. USDA estimates the WTD cattle slaughter as 512k head through Thursday. That is up 3k head from last week and is 23k head above the same week last year.Â
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Oct 22 Cattle  closed at $151.400, down $0.050,
Dec 22 Cattle  closed at $153.425, down $0.150,
Feb 23 Cattle  closed at $156.850, down $0.175,
Oct 22 Feeder Cattle  closed at $175.975, down $0.450
Nov 22 Feeder Cattle  closed at $178.125, down $0.700
On the date of publication, Alan Brugler 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.
