Live cattle futures are down 45 to 55 cents at midday. Cash trade has been light with a few $234 sales. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,024 head offered, as bids were still $233-235 live and $368 in the beef. Feeder cattle futures are up 20 cents to $1.42 at midday. The CME Feeder Cattle Index was up 19 cents to $361.78 on March 24.Â
USDA’s Export Sales report from this morning showed 10,691 MT of beef sold in the week ending on 3/19, well above last week. Shipments were a 3-week high at 14,486 MT.
Wholesale Boxed Beef prices were mixed in the Thursday morning report, with the Chc/Sel still an inverted $2.70. Choice boxes were down $1.06 to $390.63, while Select was $2.16 lower at $393.33. USDA estimated federally inspected cattle slaughter on Wednesday at 103,000 head, with the weekly total at 315,000 head. That was up 7,000 head from last week but 49,954 head below the same week last year. Â
Apr 26 Live Cattle  are at $233.950, down $0.475,
Jun 26 Live Cattle  are at $233.300, down $0.550,
Aug 26 Live Cattle  are at $231.075, down $0.525,
Mar 26 Feeder Cattle  are at $363.300, up $1.425
Apr 26 Feeder Cattle  are at $353.900, up $0.550
May 26 Feeder Cattle  are at $350.275, up $0.225
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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