There were $1.05 gains in Feb and Dec cattle on Thursday, with 10 to 67 cent gains in the deferred contracts. December expires today. Feb futures are a net $1.10 higher for the week with a day remaining. Feeder cattle prices settled Thursday 32 to 65 cents in the black. That has Jan feeders at a net 20 cent loss for the week. USDA reported some light to moderate cash trade on Thursday. In the South, trade went for $157, with $248-$250 for the North’s dressed market. The CME Feeder Cattle Index was $3.76 stronger to $179.84 on 12/28.Â
USDA’s Wholesale Boxed Beef prices for Thursday afternoon were $278.86 in Choice and $250.70 in Select. That was after Choice was 55 cents lower and Select was $3.42 higher. USDA’s estimate for the weekly cattle slaughter is 262k head through Wednesday.Â
Dec 22 Cattle  closed at $158.500, up $1.050,
Feb 23 Cattle  closed at $158.850, up $1.050,
Apr 23 Cattle  closed at $162.450, up $0.675,
Jan 23 Feeder Cattle  closed at $183.800, up $0.325
Mar 23 Feeder Cattle  closed at $186.775, 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.
/Technology%20abstract%20by%20TU%20IS%20via%20iStock.jpg)
/Micron%20Technology%20Inc_%20logo%20on%20building-by%20vzphotos%20vis%20iStock.jpg)
