Cattle Finished Higher on Tuesday
Live cattle futures were $0.67 to $1.75 higher across the front months and feeders were $097 to $1.27 stronger on Tuesday. Cash trade remained light this week, with some 6500 sales added on Friday near $172-$173. The weekly OKC auction was closed this week citing winter storms. The 1/15 CME Feeder Cattle Index was 82 cents stronger to $226.43.
USDA’s Wholesale Boxed Beef prices were higher on Tuesday with a $3.57 increase in Choice and a $7.42 stronger Select. Tuesday’s cattle slaughter was reported at 114k head, bringing the week to date total to 226k head.
Feb 24 Cattle closed at $173.125, up $1.750,
Apr 24 Cattle closed at $175.175, up $1.000,
Jun 24 Cattle closed at $172.175, up $0.550,
Jan 24 Feeder Cattle closed at $227.550, up $0.975
Mar 24 Feeder Cattle closed at $228.825, up $1.125
On the date of publication, Alan Brugler 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.
