Triple Digit Losses for Cattle

Live cattle futures closed the Monday trading session with $1.07 to $1.47 losses. Feb contracts have dropped $4.02 since 12/30 with 7 of those 8 sessions red. USDA reported the bulk of the week’s activity has been near $138. Feeder cattle futures ended with $1.17 to $1.42 losses. The 1/07 CME Feeder Cattle Index was $161.98, 19 cents higher.   

Wholesale Boxed Beef prices were higher on Monday. USDA quoted Choice boxes $4.22 higher at $276.04, with a $5.40 bump for Select to $266.50. USDA estimated Monday’s federally inspected cattle slaughter at 113,000 head. That is up 6k from last week but trails 116k from the same Monday last year. 

Feb 22 Cattle  closed at $136.250, down $1.075,

Jun 22 Cattle  closed at $136.225, down $1.475,

Jan 22 Feeder Cattle  closed at $160.925, down $1.175

Mar 22 Feeder Cattle  closed at $165.350, down $1.325