The cattle market is down by 15 cents in June and UNCH in August so far through Tuesday. The deferred months ae up by 5 to 12 cents at midday. Feeders are trading 60 to 77 cents higher at midday. The Tuesday FCE auction listed 1,987 head but got no sales between $168-$169 bids and $170-$172 asks. Cash trade for the week was unestablished so far through Tuesday. USDA’s weekly FCE Feeder Cattle Auction Review showed 4.3k head were sold with prices steady to $2 higher. The CME Feeder Cattle Index was $1.53 higher to $202.11 on 5/12. Â
USDA reported Choice boxes were $1.81 weaker this morning to $300.17, and Select boxes were 4 cents lower at $284.67. USDA estimated Monday’s FI cattle slaughter at 126k head. That matches last week and is 3,000 more than the same Monday last year.Â
Jun 23 Cattle  are at $164.175, down $0.150,
Aug 23 Cattle  are at $162.775, up $0.025,
Oct 23 Cattle  are at $167.175, up $0.050,
Cash Cattle Index was $170.000, from $172.00 last week
May 23 Feeder Cattle  are at $206.150, down $0.350
Aug 23 Feeder Cattle  are at $231.725, up $0.675
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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