Through Monday’s midday, front month cattle futures are 52 to $1.55 higher, with feeders up at least $1.47. The bulk of cash trade last week was $140 with some up to $143, though a few fats also exchanged hands at $138 on Friday. The CME Feeder Cattle Index from 3/3 was $1.59 weaker at $156.19.
Wholesale Boxed Beef prices for Monday morning were $254.82 in Choice and $249.09 in Select. That was a 49 cent and 68 cent boost respectively. Cattle slaughter for the week through Saturday was estimated at 658k head. That compares to last week’s 647k head kill and to 666,000 head from the same week last year.
Apr 22 Cattle are at $137.200, up $1.425,
Aug 22 Cattle are at $134.725, up $0.575,
Mar 22 Feeder Cattle are at $155.375, up $2.250
Apr 22 Feeder Cattle are at $159.825, up $2.575
/Nvidia%20logo%20and%20sign%20on%20headquarters%20by%20Michael%20Vi%20via%20Shutterstock.jpg)
/Alphabet%20Inc_%20and%20Google%20logos%20by%20IgorGolovinov%20via%20Shutterstock.jpg)
/NVIDIA%20Corp%20logo%20on%20phone-by%20Evolf%20via%20Shutterstock.jpg)