Fat cattle futures are ~60 cents off their session highs for the midday prints with prices 38 cents to $1.10 in the black. Feeders are trading $1.60 to $2.10 higher through Thursday.  USDA reported some cash sales near $186 to $187 on Wednesday, $1 to $3 weaker than last week. CME’s Feeder Cattle index was $0.54 weaker to $247.73 for 4/2.Â
Weekly Export Sales data indicated 18,682 MT of beef sold in the week that ended on 3/28, an 8-week high. Shipments were tallied at 13,344 MT
USDA’s Wholesale Boxed Beef prices were weaker on Wednesday with Choice down by $2.86 and Select $2.07 lower. USDA’s FI cattle slaughter estimate for the week through Wednesday was 352k head, a 15k head lower pace than last week and down 17k head from the same week last year.Â
April 24 Cattle  are at $181.450, up $0.525,
Jun 24 Cattle  are at $175.750, up $0.150,
Aug 24 Cattle  are at $173.225, up $0.525,
Cash Cattle Index was $184.000, from $184.00 last week
April 24 Feeder Cattle  are at $242.500, up $1.550
May 24 Feeder Cattle  are at $243.825, up $1.250
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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