Front month fat cattle futures are trading 37 to 60 cents higher through midday. The Tuesday FCE auction had 1,136 head listed but no sales with $160 - $161 bids on $165 asks. USDA mentioned some light WCB trade for Monday but noted the last market as $164 from last week. Feeders are trading 62 to 87 cents higher. USDA’s OKC Feeder Auction Review showed sales were steady to $2-$5 higher. The 2/24 CME Feeder Cattle Index was $182.24, down by 53 cents. Â
Wholesale Boxed Beef prices were higher in with a $1.41 increase to Choice and a $1.71 increase for Select. USDA estimated Monday’s federally inspected cattle slaughter as 124k head, up from 104k last week but 1,000 lighter than the same week last year.Â
Feb 23 Cattle  are at $165.375, up $0.375,
April 23 Cattle  are at $165.450, up $0.475,
Jun 23 Cattle  are at $161.475, up $0.600,
Cash Cattle Index was $163.560, from $160.31 last week
Mar 23 Feeder Cattle  are at $189.950, up $0.775
April 23 Feeder Cattle  are at $195.175, up $0.950
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.
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