Cattle Market Higher for Midday

Midday cattle prices are trading higher, with triple digit gains for Feb and April. Feeder cattle prices are 20 to 32 cents stronger as well. USDA has seen cash trade from $134 to $138 for the week calling the bulk near $136 for the South. Northern dressed trade has stayed mostly near $218 this week. The CME Feeder Cattle Index was down another 20 cents on 1/12 to $162.01.   

Wholesale Boxed Beef prices were higher in the AM report for Friday. Choice boxes are $1.92 higher to $284.78 cwt. Select prices were 48 cents higher to $273.24. USDA estimates the week’s FI cattle slaughter at 455,000 head through Thursday, that is 22,000 head below last year’s pace. 

Feb 22 Cattle  are at $138.400, up $1.400,

Jun 22 Cattle  are at $137.650, up $0.800,

Jan 22 Feeder Cattle  are at $163.200, up $0.275

Mar 22 Feeder Cattle  are at $167.350, up $0.625