In a broadly weak Monday for ag the live cattle market ended with 57c to $1.17 losses across the front month futures. Feeders were weaker yet with triple digit losses of as much as $3.52. 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 was 64 cents weaker to $252.75 on 9/15.
Wholesale Boxed Beef prices for Monday afternoon were shown 39 cents weaker in Choice but 29 cents higher in Select. That had the Chc/Sel spread at $21.91. USDA estimated 121k head for Monday’s FI cattle slaughter. That compares to 125k head both last week and the same week last year.
Oct 23 Cattle closed at $186.325, down $0.600,
Dec 23 Cattle closed at $191.000, down $0.825,
Feb 24 Cattle closed at $195.750, down $0.575,
Sep 23 Feeder Cattle closed at $254.250, down $3.125
Oct 23 Feeder Cattle closed at $260.950, down $3.525
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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