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So far for Friday the cattle complex is mixed with stronger fats and weaker feeders. The front month live cattle futures are trading 12 to 55 cents higher at midday. Nearby feeder cattle contracts are down as much as 77 cents so far, stung by the rally in corn. Thursday’s cash cattle trade settled down from yesterday, though there were still some WCB $182s reported. The week’s bulk price for the South has been $171 so far, with $180 - $182 in the North and $285 in the Northern dressed trade. The 5/24 CME Feeder Cattle Index was 78 cents higher at $208.14.
USDA’s Wholesale Boxed Beef report showed higher prices in the AM update. Choice was $3.95 higher to $303.89, and Select was up by 21 cents to $284.75. USDA estimated the week to date FI cattle slaughter at 498k head through Thursday. That is 6,000 behind last week’s pace.Â
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Jun 23 Cattle  are at $167.425, up $0.125,
Aug 23 Cattle  are at $164.850, up $0.075,
Oct 23 Cattle  are at $169.525, up $0.500,
Cash Cattle Index was $170.850, from $170.00 last week
Aug 23 Feeder Cattle  are at $233.850, down $0.850
Sep 23 Feeder Cattle  are at $237.000, down $1.075
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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