Both the fats and the feeders were firm on Tuesday. Futures were mostly weaker but stayed in a tighter range for the turnaround session. For the feeders, that followed new LoC highs set in the non-Aug contracts on Monday, which will be a new ATH after Aug expires tomorrow. Fat cattle closed within 30 cents of UNCH, Dec stronger. USDA had no cash trade to report for the week. Friday cash sales mainly near $178-$179 for TX, and Northern business near $185. The CME Feeder Cattle Index was another $2.24 stronger on 8/25 to  cents on 8/23 to $245.14. Â
Wholesale Boxed Beef prices weakened on Tuesday morning by $1.71 in Choice and $1.90 in Select. USDA estimated Monday’s slaughter at 125k head. That is up from 122k last week and from 123k during the same week last year.Â
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Aug 23 Cattle  closed at $181.000, up $0.300,
Oct 23 Cattle  closed at $181.475, down $0.075,
Dec 23 Cattle  closed at $185.875, up $0.225,
Aug 23 Feeder Cattle  closed at $250.700, up $0.450
Sep 23 Feeder Cattle  closed at $254.025, down $0.250
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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