
Midday cattle futures are gaining $0.57 to $1.47. The CME showed no delivery activity for October contracts through 10/13. The oldest long was dated May 28th. Central Stockyards’ Thursday sale was paused due to technical difficulties. Feeder cattle futures are working 42 cents to $1.15 stronger. The 10/12 CME Feeder Cattle Index bounced another 11 cents to $154.26.
Wholesale Boxed Beef prices are back up on Thursday leaving Choice at $280.69 and Select at $261.05. USDA estimated FI cattle slaughter at 361k head through Wednesday. That compares with last week’s pace of 363k head, but matched the same week last year.
Dec 21 Cattle are at $130.200, up $1.200,
Feb 22 Cattle are at $134.450, up $0.900,
Nov 21 Feeder Cattle are at $161.925, up $0.950
Nov 21 Feeder Cattle are at $161.925, up $0.950