The Dec and Feb fat cattle are trading triple digits higher through midday. The back months are working 20 to 82 cents in the black. Feeders are trading 60 to 72 cents higher so far as well with the pause in the grain market rally. USDA had limited cash activity for the WCB on Wednesday, with few traded at $158, but not enough for a market test. 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 12/27 was back up by 35 cents to $176.08.Â
USDA’s Wholesale Boxed Beef prices were mixed again on Thursday morning, with Choice down by 34 cents and Select $2.30 higher. USDA’s estimate for the weekly cattle slaughter is 262k head through Wednesday.Â
Dec 22 Cattle  are at $158.500, up $1.050,
Feb 23 Cattle  are at $158.875, up $1.075,
April 23 Cattle  are at $162.500, up $0.725,
Jan 23 Feeder Cattle  are at $183.925, up $0.450
Mar 23 Feeder Cattle  are at $186.800, up $0.600
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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