Front month cattle futures are fading with $0.65 to $1.25 losses so far. Feeders are down by triple digits $1.72 to $2.25 on the board. USDA reported cash sales from $149 to $150 in the South on Thursday and at $153 in the North. The 11/8 CME Feeder Cattle Index was $176.30, down by 29 cents. Â Â
Wholesale Boxed Beef prices were lower in the AM report with a $3.72 drop in Choice and a $1.64 drop for Select. USDA estimated the week’s FI cattle slaughter through Thursday at 510k head, down 3k from last week, but 27k head above the same week last year’s pace. Â
Dec 22 Cattle  are at $152.150, down $0.925,
Feb 23 Cattle  are at $153.925, down $1.100,
April 23 Cattle  are at $157.625, down $0.875,
Nov 22 Feeder Cattle  are at $177.350, down $1.275
Jan 23 Feeder Cattle  are at $179.650, down $2.050
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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