Fat cattle futures are 25 to 32 cents lower in most of the nearby contracts. April is the exception with a 95 cent loss through midday. Feeder cattle are mixed so far with a 95 cent drop in the April and a 22 cent loss in the May; as the deferred contracts are 22 to 35 cents higher. USDA has the bulk of activity near $175 for the South and $182 for the North. The CME Feeder Cattle Index was $203.91, down by $2.32 on 4/19.
USDA’s Wholesale Boxed Beef prices for Friday morning were 22 cents lower in Choice but 42 cents higher in Select. were mixed on Thursday, with Choice back up by $1.07 and Select another $2.72 weaker. USDA estimated the week’s cattle slaughter as 502k head through Thursday. That is up from 489k head last week and 482k during the same week last year.
April 23 Cattle are at $173.025, down $1.075,
Jun 23 Cattle are at $164.025, down $0.325,
Aug 23 Cattle are at $163.200, down $0.225,
Cash Cattle Index was $175.000, from $175.00 last week
April 23 Feeder Cattle are at $204.100, down $0.925
May 23 Feeder Cattle are at $212.175, down $0.175
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.
/Berskshire%20Hathaway%20Warren%20Buffett%20image%20by%20QubixStudio%20via%20Shutterstock.jpg)
/AI%20(artificial%20intelligence)/Artificial%20intelligence%20and%20machine%20learning%20concept%20-%20by%20amgun%20via%20iStock.jpg)
/Quantum%20Computing/A%20concept%20image%20with%20a%20brain%20on%20top%20of%20a%20blue%20circuit%20board_%20Image%20by%20Gorodenkoff%20via%20Shutterstock_.jpg)
/EV%20in%20showroom%20by%20Robert%20Way%20via%20Shutterstock.jpg)
/Berkshire%20Hathaway%20Inc_%20logo%20on%20phone-by%20FelloeNeko%20via%20Shutterstock.jpg)