In a broadly weak Monday for ag, live cattle futures are down by 47 to 92 cents through midday. The feeders are giving back a full percentage so far with triple digit losses of as much as $3.15. USDA reported cash trade on Friday near $182-$183 in the South. The Northern cash market was mostly steady near $185 for the week. The CME Feeder Cattle Index from 9/12 was up another 28 cents to $251.16.Â
Wholesale Boxed Beef prices were stronger on Monday morning, with Choice quoted 82 cents higher and Select up by $1.47. USDA estimated last week’s cattle slaughter under federal inspection at 502k head.Â
Oct 23 Cattle  are at $186.475, down $0.450,
Dec 23 Cattle  are at $191.000, down $0.825,
Feb 24 Cattle  are at $195.875, down $0.450,
Cash Cattle Index was $179.000, from $179.00 last week
Sep 23 Feeder Cattle  are at $254.825, down $2.550
Oct 23 Feeder Cattle  are at $261.550, down $2.925
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.
/Super%20Micro%20Computer%20Inc%20logo%20on%20building-by%20Poetra_RH%20via%20Shutterstock.jpg)
