The June fat cattle contract is trading a nickel in the red through midday, with August 5 cents in the black. The other nearbys are higher with gains of as much as 67 cents. The weekly FCE hosted by Central Stockyards had 1,477 head listed and sold 231 heifers for $174. USDA had the cash market unestablished through Tuesday. Last week’s bulk was near $171 in the South and $180-182 in the North. Midday feeder cattle futures are gaining triple digits. The CME Feeder Cattle Index was $207.61 on 5/29, down 1 penny.
USDA’s Wholesale Boxed Beef report showed prices were stronger with a 63 cent increase in Choice and a 44 cent boost for Select. USDA estimated The week’s FI cattle slaughter at 128k head through Tuesday, down 2,000 head from the same week last year.
Jun 23 Cattle are at $168.825, down $0.050,
Aug 23 Cattle are at $167.225, up $0.050,
Oct 23 Cattle are at $171.750, up $0.425,
Cash Cattle Index was $170.850, from $170.00 last week
Aug 23 Feeder Cattle are at $239.450, up $1.675
Sep 23 Feeder Cattle are at $242.450, up $1.775
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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