Live cattle futures are 40 to 82 cents in the black so far, but are off their session highs by ~$1. Feeders are currently $1 to $1.97 higher, but April is still $1.55 in the red for the week. USDA reported live cattle traded hands from $185 to $190 on Thursday, with light and sporadic volume. The CME Feeder Cattle Index was 27 cents stronger to $248.46.
USDA’s Boxed Beef prices were 74 cents stronger in Choice and 66 cents higher in Select on Friday morning. USDA’s FI cattle slaughter estimate was at 473k head for the week through Thursday. That is down 11,000 head from last week and compares to 498k head during the same week last year.
April 24 Cattle are at $187.325, up $0.375,
Jun 24 Cattle are at $183.700, up $0.325,
Aug 24 Cattle are at $182.775, up $0.675,
Cash Cattle Index was $185.000, from $181.84 last week
Mar 24 Feeder Cattle are at $249.175, up $1.700
April 24 Feeder Cattle are at $252.075, up $0.900
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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