Live cattle futures are trading with $2.32 to $4.20 gains in most contracts on Tuesday. Cash trade last week was centered around $246 across the country, with a few late sales of $248. Feeder cattle futures are up $1.30 to $4.20 in the front months on Tuesday. The CME Feeder Cattle Index was up 2 cents to $369.34 on April 24. The weekly OKC feeder cattle action showed mostly steady action on the 6,573 head sold.
Wholesale Boxed Beef prices were lower in the Tuesday morning, with the Chc/Sel at $1.89. Choice boxes were down 38 cents to $389.18, while Select was $1.31 lower at $387.29. USDA estimated federally inspected cattle slaughter at 106,000 head for Monday. That is up 9,000 head from last week and 1,733 head above the same week last year.
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Apr 26 Live Cattle are at $252.750, up $2.325,
Jun 26 Live Cattle are at $253.150, up $4.200,
Aug 26 Live Cattle are at $248.825, up $3.450,
Apr 26 Feeder Cattle are at $371.875, up $1.300
May 26 Feeder Cattle are at $371.225, up $3.775
Aug 26 Feeder Cattle are at $372.450, up $4.175
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
