Live cattle futures bulls got back to work after the holiday with triple digit gains of as much as $2. That led to new contract highs and had the June contract within $6 of where April expired. Feeders closed the session nearly $1 off the daily highs, but were still up $3.37 to $3.85 at the close. USDA had the cash market unestablished through Tuesday. Last week’s bulk was near $171 in the South and $180-182 in the North. USDA reported 9.6k head of feeders were sold in the OKC feeder cattle auction review. Prices were $4-$10 stronger. The CME Feeder Cattle Index was $207.61 on 5/29, down 1 penny. Â
USDA’s Wholesale Boxed Beef report had Choice up $1.03 to $304.96, and Select up $2.85 to $287.77. USDA estimated The week’s FI cattle slaughter at 128k head through Tuesday, down 2,000 head from the same week last year.Â
Jun 23 Cattle  closed at $168.875, up $1.525,
Aug 23 Cattle  closed at $167.175, up $2.000,
Oct 23 Cattle  closed at $171.325, up $1.725,
Aug 23 Feeder Cattle  closed at $237.775, up $3.850
Sep 23 Feeder Cattle  closed at $240.675, up $3.575
Oct 23 Feeder Cattle  closed at $242.475, up $3.450
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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