Cattle prices are working $0.70 to $1.75 higher at midday and are at or near the session highs. Current feeder cattle are working $1.10 to $1.37 higher so far. Cash trade remained light this week, with some 6500 sales added on Friday near $172-$173. The weekly OKC auction was closed this week citing winter storms. The 1/11 CME Feeder Cattle Index was $228 flat, up by 25 cents.Â
USDA’s Wholesale Boxed Beef prices were stronger on Tuesday morning, with Select up by $6.92. USDA’s weekly beef production data showed 465.2m lbs were produced during the week. That is 0.2% below last week’s volume and down 14.7% from the same week last year. Slaughter totaled 549k head for the week, also 0.4% below last week and down 16.9% from the same week last year.Â
Feb 24 Cattle  closed at $173.050, up $1.675,
Apr 24 Cattle  closed at $175.175, up $1.000,
Jun 24 Cattle  closed at $172.400, up $0.775,
Jan 24 Feeder Cattle  closed at $227.450, up $0.875
Mar 24 Feeder Cattle  closed at $228.800, up $1.100
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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