Live cattle futures are trading with 22 to 42 cent gains so far. Feeders are up by $0.95 to $1.32 at midday. USDA confirmed 50k head of cash cattle trade on Thursday, with prices from $165 to $172. The bulk of TX sales were $165 - $167, while the bulk of NE business was $5-6 higher near $170. The CME Feeder Cattle Index was $192.35 on 3/29.
USDA reported Choice boxes were shown $1.04 lower for Choice and 56 cents weaker in Select. The week’s federally inspected slaughter was estimated at 505,000 head. That is up 3,000 from last week and 15,000 from the same week last year.
April 23 Cattle are at $167.875, up $0.325,
Jun 23 Cattle are at $161.500, up $0.500,
Aug 23 Cattle are at $160.750, up $0.400,
Cash Cattle Index was $163.000, from $163.00 last week
April 23 Feeder Cattle are at $200.825, up $0.925
May 23 Feeder Cattle are at $205.600, up $1.150
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.
/Intel%20Corp_%20logo%20on%20mobile%20phone-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
/Nvidia%20logo%20by%20Konstantin%20Savusia%20via%20Shutterstock.jpg)
/An%20image%20of%20a%20Tesla%20humanoid%20robot%20in%20front%20of%20the%20company%20logo%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
/Alphabet%20(Google)%20Image%20by%20Markus%20Mainka%20via%20Shutterstock.jpg)