.jpg)
Brown Cow in Field(1)
So far for Tuesday, futures are down 7 to 35 cents in the live cattle market. Feeders are trading 40 to 97 cents lower. USDA noted the bulk of last week’s cash activity was near $155. The CME Feeder Cattle Index was $177.69 on 1/20 after a 66 cent boost.
Wholesale Boxed Beef prices slid lower in the PM report with a 28 cent drop in Choice and a $1.94 weaker Select quote. USDA estimated Monday’s FI cattle slaughter at 124k head. That compares to 125k last week and 118k head during the same Monday last year.
Feb 23 Cattle is at $157.075, down $0.400,
Apr 23 Cattle is at $160.400, down $0.150,
Jun 23 Cattle is at $157.175, down $0.125,
Jan 23 Feeder Cattle is at $178.800, down $0.375
Mar 23 Feeder Cattle is at $182.800, down $0.450
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. For more information please view the Barchart Disclosure Policy here.
/AI%20(artificial%20intelligence)/Businessman%20touching%20the%20brain%20working%20of%20Artificial%20Intelligence%20(AI)%20Automation%20by%20Suttiphong%20Chandaeng%20via%20Shutterstock.jpg)
/amazon%20holiday%20delivery%20boxes%20by%20Cineberg%20via%20iStock.jpg)
