Live cattle futures are trading $0.55 to $1.05 in the black through midday. Feeder cattle are $1.05 to $1.70 higher at midday. Cash sales for the week were mainly near $181, a $4 drop from last week. The CME Feeder Cattle Index for 11/09 was $235.42 after another $1.59 drop. Â
Wholesale Boxed Beef prices were mixed in the AM report with a 48c drop Choice and a $1.74 increase in Select. USDA reported the week’s beef output at 514.2 million lbs, down by 2.1% for the week and 8.3% below the same week last year. YTD beef production was tallied at 22.976 billion lbs. Slaughter for the week was estimated at 618k head, from 632k last week and 670k during the same week last year. The YTD total trails last year’s pace by 4.7%.Â
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Dec 23 Cattle  are at $175.175, up $1.000,
Feb 24 Cattle  are at $175.225, up $0.575,
April 24 Cattle  are at $177.625, up $0.700,
Cash Cattle Index was $180.080, from $185.00 last week
Nov 23 Feeder Cattle  are at $230.850, up $1.125
Jan 24 Feeder Cattle  are at $227.900, up $1.475
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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