The cattle complex ended Monday lower. Front month fat cattle were down $0.40 to $1.12 at the close, while feeders went home $0.62 to $1.27 lower. Cash trade was unestablished on Monday. USDA said the bulk of last week’s cash trade was $2 lower for the South near $173, and $2-$5 lower for the North near $178. USDA’s OKC Feeder Cattle Auction Review mentioned 56% of the sale was heifers and 40% of the sale was over 600#s for the 7,200 head sold. The CME Feeder Cattle Index was $1.39 lower on 4/28 to $201.81.
USDA’s Wholesale Boxed Beef prices were shown at $310.02 cwt. for Choice and $291 flat for Select. That was a $1.42 drop in Choice and a $2.66 increase for Select. USDA estimated FI cattle slaughter at 123k head for Monday. That was 1k below last week but was up 10k from the same week last year.
Jun 23 Cattle closed at $164.875, down $0.600,
Aug 23 Cattle closed at $162.650, down $1.125,
Oct 23 Cattle closed at $167.000, down $0.625,
May 23 Feeder Cattle closed at $209.700, down $1.275
Aug 23 Feeder Cattle closed at $230.100, down $0.625
Oct 23 Feeder Cattle closed at $234.650, down $0.875
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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