Fat cattle futures are rallying by $1.32 to $2.42 so far, as the feeders are up by as much as $2.27. Cash cattle sales are mostly unestablished for the week, from mostly $181 last week. USDA reported 9,169 head of feeder cattle were sold in the OKC Feeder Auction Review. Sales were mostly $5-10 lower for the steers and were $8-12 lower in the few heifers that sold (59% steer/38% heifer, and 44% +600lbs). The CME Feeder Cattle Index for 11/09 was $235.42 after another $1.59 drop. Â
Wholesale Boxed Beef fell on Tuesday with Choice down by $1.86 to $295.99 and Select $1.50 weaker to $267.74. Monday’s FI cattle slaughter was estimated at 125k head, compared to 122k last week and 127k head during the same week last year.Â
Dec 23 Cattle  are at $177.575, up $2.650,
Feb 24 Cattle  are at $178.725, up $3.475,
April 24 Cattle  are at $180.625, up $3.175,
Cash Cattle Index was $180.080, from $185.00 last week
Nov 23 Feeder Cattle  are at $230.600, down $0.125
Jan 24 Feeder Cattle  are at $230.250, up $1.950
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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