Live cattle futures are showing 10 to 90 cent gains at Tuesday’s midday. Cash trade was late last week, with Southern action at $244 and Northern sales from $239-243. Nothing has been reported so far this week. Feeder cattle futures are within 15 cents of unchanged at midday, bouncing off the early session lows. The CME Feeder Cattle Index was down another 97 cents to $371.82 on February 27. The OKC feeder cattle auction on Monday showed 5,946 head sold, with feeder steers $2-8 lower and heifers down $4-10. Calves were down $5-15 for steers and 10-20 lower on heifers.
Wholesale Boxed Beef prices were higher in the Tuesday morning report, with the Chc/Sel spread widening to $8.20. Choice boxes were up $6.60 to $387.94, while Select was $1.53 higher to $379.74. USDA estimated federally inspected cattle slaughter for Monday at 102,000 head. That is 4,000 head below with the previous Monday and 2,764 head shy of the same Monday last year.
Apr 26 Live Cattle closed at $233.975, up $0.875,
Jun 26 Live Cattle closed at $230.175, up $0.525,
Aug 26 Live Cattle closed at $228.275, up $0.100,
Mar 26 Feeder Cattle closed at $357.325, up $0.050,
Apr 26 Feeder Cattle closed at $353.475, up $0.150,
May 26 Feeder Cattle closed at $349.400, down $0.075,
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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