Live cattle futures are 5 to 22 cents lower through midday on the last trade day of the week. April futures are the exception with the last trade day boosting the contract to $176.92. USDA confirmed some light cash trade near $178 in NE on Thursday. They had the last established market as last week from $175 in the South and $180 in the North. Feeder cattle futures are $0.60 to $1.10 in the red. The CME Feeder Cattle Index was 5 cents higher on 4/25 to $201.31.
USDA’s weekly Boxed Beef prices were mixed in the AM report. Choice was up 6 cents to $311.13, while Select was down by 62 cents. USDA estimated the week’s FI cattle slaughter at 496k head through Thursday. That is 6,000 head less than last week’s pace.
April 23 Cattle are at $176.900, up $1.450,
Jun 23 Cattle are at $165.125, down $0.075,
Aug 23 Cattle are at $163.575, down $0.275,
Cash Cattle Index was $175.000, from $175.00 last week
May 23 Feeder Cattle are at $210.800, down $0.725
Aug 23 Feeder Cattle are at $230.725, down $0.850
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.
