Live cattle are trading in the black after a slide last week. Gains are limited to 35 cents through midday in the front months. Feeder cattle are currently $0.62 to $1.05 higher. USDA had the bulk of cash activity for the week near $172 in the South and $176 in the North. USDA’s OKC Feeder Catlte Auction review had 8,200 head sold with 60% steers and 46% under 600#s. The CME Feeder Cattle Index was $2.07 lower to $199.46 on 5/4.Â
USDA’s AM Wholesale Boxed Beef report had Choice 81 cents weaker and Select $1.87 lower. USDA estimated the week’s FI cattle slaughter at 623k head through Saturday. That is 1,000 below last week but is 38k head lighter than the same week last year.Â
Jun 23 Cattle  are at $162.000, up $0.075,
Aug 23 Cattle  are at $159.725, up $0.225,
Oct 23 Cattle  are at $163.800, up $0.225,
Cash Cattle Index was $172.000, from $173.00 last week
May 23 Feeder Cattle  are at $203.150, up $0.625
Aug 23 Feeder Cattle  are at $222.525, up $1.100
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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