Live cattle futures are softer on Wednesday’s midday, with contracts down 67 cents to $1.15. Cash trade has been quiet this week, with this morning’s Central Stockyards Fed Cattle Exchange showing no sales on the 1,064 head and a live bid at $187. Feeder cattle futures are down 20 to 80 cents at midday. The CME Feeder Cattle Index was down just 2 cents at $258.73 on July 29.
USDA wholesale Boxed Beef prices were back higher in the Wednesday AM report. Choice boxes were up 95 cents at $315.43, with Select products 60 cents higher @ $301.98. The Chc/Sel spread widened to $13.45. USDA estimated Tuesday’s FI slaughter at 123,000 head, taking the weekly total to 238,000 head. That is even with last week 7,843 head below the same week a year ago.
Aug 24 Live Cattle are at $187.025, down $0.675,
Oct 24 Live Cattle are at $186.300, down $1.150,
Dec 24 Live Cattle are at $187.350, down $0.825,
Aug 24 Feeder Cattle are at $256.375, down $0.600
Sep 24 Feeder Cattle are at $256.150, down $0.800
Oct 24 Feeder Cattle are at $255.175, down $0.700
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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