Live cattle futures closed the first trading day of the week ~$1 off their highs, but still up by 20 to 57 cents across the front months. Feeder cattle also printed gains for Monday, closing $0.82 to $1 higher. There were no cash sales reported on Monday. USDA mentioned last week’s sales were up $1 for the North from $183-$185 and steady at $178 in the South. The 7/7 CME Feeder Cattle Index was $238.66 after a $7.45 increase.Â
USDA reported Choice boxes $3.11 lower and Select boxes $3.30 lower on Monday afternoon. Federally inspected cattle slaughter was estimated at 125,000 head for Monday, 3k more than the same week last year. Â
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Aug 23 Cattle  closed at $177.200, up $0.200,
Oct 23 Cattle  closed at $179.950, up $0.575,
Dec 23 Cattle  closed at $183.750, up $0.575,
Aug 23 Feeder Cattle  closed at $246.250, up $0.825
Sep 23 Feeder Cattle  closed at $249.475, up $0.875
Oct 23 Feeder Cattle  closed at $251.225, up $1.000
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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