Cattle pushed the downside further with Wednesday losses of $1.12 to $1.40. Feeders ended the session 0.9% to 1.2% losses of as much as $2.65. USDA reported Wednesday cash trades from $172 - $178, with the bulk established near $176 in NE. Tuesdays Southern trade was mostly near $172.  Wednesday’s FCE auction sold 311 of the 1,294 head listed for $172. The CME Feeder Cattle Index was $202.70 on 5/02, down by 12 cents.Â
USDA’s quoted Wholesale Boxed Beef prices at $309.09 for Choice and $287.12 for Select. For Choice, that was a 15 cent drop while Select was down by $1.54. USDA estimates the week’s federally inspected cattle slaughter at 376,000 head through Wednesday. That is 2k head more than last week and is 11k head above last week.Â
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Jun 23 Cattle  closed at $161.650, down $1.250,
Aug 23 Cattle  closed at $159.550, down $1.400,
Oct 23 Cattle  closed at $164.000, down $1.300,
May 23 Feeder Cattle  closed at $203.425, down $2.525
Aug 23 Feeder Cattle  closed at $223.525, down $2.650
Oct 23 Feeder Cattle  closed at $228.525, down $2.250
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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