The live cattle futures trade ended the day near the highs, but still 20-30 cents under them. August and October contracts held on to a triple digit gain, while the nearby contracts faded to gains of 85 to 97 cents. There were no cash sales reported for Monday. USDA had Friday cash sales mostly at $157, which was $1 weaker in the North and $1 higher in the South.
Feeder cattle settled the day up by 65 cents to 97 cents across the front months. Jan closed 18 cents off its intra-day high. USDA’s OKC Auction review mentioned 17.7k head were sold, mostly $5-10 higher for the calves. Of the sale cattle, 77% were under 600 pounds. The CME Feeder Cattle Index was 14 cents higher on 1/05 to $180.46.   Â
Wholesale Boxed Beef prices were quoted $2.53 stronger in Choice and $0.76 higher in Select. USDA estimated Monday’s FI cattle slaughter at 129k head.Â
Feb 23 Cattle  closed at $157.750, up $0.975,
Apr 23 Cattle  closed at $161.525, up $0.850,
Jun 23 Cattle  closed at $157.450, up $0.900,
Jan 23 Feeder Cattle  closed at $183.625, up $0.925
Mar 23 Feeder Cattle  closed at $186.300, up $0.650
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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