Live cattle futures posted 60 cent to $1.55 losses on the day. Last week’s cash trade was mostly $220-222 late across the country. Nothing has been reported for this week. Feeder cattle futures were $1.10 to $1.97 lower at the close. The CME Feeder Cattle Index was down another 17 cents on August 31 to $329.14.
Monday’s Crop Progress report showed the US pasture rating at 18% gd/ex, down 3 with the week prior. The Brugler500 index fell 7 points to 245.
Wholesale Boxed Beef prices were higher in the Tuesday afternoon report, with the Chc/Sel at $19.30. Choice boxes were up $3.93 at $379.75, with Select $1.96 higher to $360.45. USDA estimated the Tuesday Federally inspected cattle slaughter at 106,000 head, with the weekly total at 207,000 head. That is up 2,000 head from the previous week.
Oct 26 Live Cattle closed at $212.075, down $0.600,
Dec 26 Live Cattle closed at $213.375, down $1.200,
Feb 27 Live Cattle closed at $214.925, down $1.550,
Sep 26 Feeder Cattle closed at $320.350, down $1.100,
Oct 26 Feeder Cattle closed at $315.400, down $1.625,
Nov 26 Feeder Cattle closed at $308.525, down $1.900,
On the date of publication, Austin Schroeder 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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