Nearby feeder cattle futures are printing 5 to 30 cent gains through Friday’s midday. Fat cattle on the other hand are down 35 to 45 cents through the front months. 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.
Wholesale Boxed Beef prices were stronger again on Friday morning, with Choice up $0.73 and Select $2.66 stronger. 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.
Oct 22 Cattle are at $151.025, down $0.375,
Dec 22 Cattle are at $152.975, down $0.450,
Feb 23 Cattle are at $156.325, down $0.525,
Nov 22 Feeder Cattle are at $178.075, down $0.050
Jan 23 Feeder Cattle are at $180.450, up $0.000
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.
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