After a brutal start to the week the cattle market recovered 40 cents to $1.12 on the session. Feeders also bounced back by $0.55 to $2.62 on the day. Dec fats are still at a net $5.20 loss for the week, and Nov feeders are down by a net $4.17 Friday to Friday. USDA had some more light cash action for Wednesday, mostly near $290 in the Northern dressed market – down by $4 from last week. The CME Feeder Cattle Index dropped 49 cents on 10/24 to $241.63.Â
USDA’s Wholesale Boxed Beef prices were mixed on Wednesday as Choice was $1.52 stronger and Select was $2.34 weaker. FI cattle slaughter was listed as 377k head for the week through Wednesday. That is even with last week and is 8k head behind the same week last year.Â
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Oct 23 Cattle  closed at $181.125, up $1.125,
Dec 23 Cattle  closed at $179.425, up $0.800,
Feb 24 Cattle  closed at $181.500, up $0.650,
Oct 23 Feeder Cattle  closed at $239.975, up $0.550
Nov 23 Feeder Cattle  closed at $238.050, up $2.625
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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