Live cattle futures are up 40 to 70 cents so far on Tuesday. Cash trade saw $185-187 sales in the South last week, with northern trade down $3 to $193. This week has been mostly compiling showlists. Feeder cattle futures are trading with $1 to $2.025 gains on Tuesday. The CME Feeder Cattle Index was down $4.14 at $245.57 on August 9. Monday’s OKC auction saw sales on 5,428 head with prices up $2 to 6 on the week for feeder steers and $10 higher for steer calves. Heifer feeders were firm to up $4, with calves $7-10 higher.Â
USDA wholesale Boxed Beef were higher in the Tuesday AM report. Choice boxes were up $2.47 at $318.30, with Select product $1.15 higher @ $301.32. The Chc/Select spread widened to $16.98. USDA estimated Monday’s FI slaughter at 112,000 head. That was down 7,000 from a week ago and down 6,469 vs. the same Monday a year ago. Â
Aug 24 Live Cattle  are at $183.800, up $0.475,
Oct 24 Live Cattle  are at $180.500, up $0.475,
Dec 24 Live Cattle  are at $179.650, up $0.700,
Aug 24 Feeder Cattle  are at $246.050, up $1.650
Sep 24 Feeder Cattle  are at $241.525, up $2.025
Oct 24 Feeder Cattle  are at $238.950, up $1.225
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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