Live cattle futures are mixed and within 20 cents of UNCH, save for the 35 cent gain in Dec. Central Stockyards is suspending fed cattle exchange auctions until Jan 3rd for the holidays. OKC feeder cattle auctions are also postponed through Jan 9th for the holiday season. USDA had no cash cattle sales reported for Tuesday. Feeder cattle are trading mostly higher so far, with 22 to 57 cent gains. May feeders are in the red by 10 cents at midday. The CME Feeder Cattle Index for 12/23 was 38 cents weaker to $176.37.
USDA’s wholesale Boxed Beef prices for Wednesday morning were mixed as Choice dropped 15 cents and Select was $1.88 higher. USDA’s estimate for the FI cattle slaughter is 134k head through Tuesday, as Monday was light in recognition for the holiday.
Dec 22 Cattle are at $157.150, up $0.325,
Feb 23 Cattle are at $157.725, down $0.150,
April 23 Cattle are at $161.675, down $0.150,
Jan 23 Feeder Cattle are at $183.200, up $0.100
Mar 23 Feeder Cattle are at $185.750, up $0.350
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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