December cattle are trading a nickel higher and Nov feeders are down by 40 cents so far. But they are each counter to the rest of the contracts, as the other nearby fats are 52 to 75 cents red and the other nearby feeders are up 2 to 37 cents for a mixed midday. USDA mentioned the week’s bulk price was mostly $150 in the South and $153 in the North. The CME Feeder Cattle Index was $175.46 on 11/10, down by another 5 cents.   Â
Wholesale Boxed Beef prices from the AM report were $1.04 lower in Choice and $1.44 weaker in Select, for a $24.07 spread. USDA estimated last week’s FI cattle slaughter at 671k head through Saturday. That set the yearly total as 29.378m head – a 1.6% increase from the same week last year. Â
Dec 22 Cattle  are at $151.550, up $0.025,
Feb 23 Cattle  are at $152.550, down $0.700,
April 23 Cattle  are at $156.500, down $0.550,
Nov 22 Feeder Cattle  are at $176.625, down $0.325
Jan 23 Feeder Cattle  are at $179.150, up $0.575
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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