Front month live cattle futures are trading 10 to 60 cents higher past the December contract. Dec fats are up by $1.15. Feeders are gaining 12 to 57 cents through the midday portion of Monday. Last week’s cash price was mostly near $150 in the South and mostly near $153 in the North with $242 in the beef. The CME Feeder Cattle Index from 11/03 was down by 64 cents to $176.99.
Wholesale Boxed Beef prices firmed up on Monday morning with a 59c increase in Choice to $264.34 and a $1.94 increase in Select to $233.84. USDA estimated the week’s FI cattle slaughter at 667k head – down 1k head from the week prior but 15k head above the same week last year.
Dec 22 Cattle are at $152.725, up $1.075,
Feb 23 Cattle are at $154.925, up $0.550,
April 23 Cattle are at $158.400, up $0.400,
Nov 22 Feeder Cattle are at $178.025, up $0.200
Jan 23 Feeder Cattle are at $179.650, up $0.025
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.
