Cattle Posting Mixed Trade at Midday
Live cattle futures are closing out the week with $1.22 to $2 losses on Friday. Cash trade has picked up this week at $235 live and $370 dressed (North) across the country. Feeder cattle futures are trading with $1.17 gains to 95 cent losses at midday. The CME Feeder Cattle Index was back up $4.28 on August 5 to $352.93.
Wholesale Boxed Beef prices were higher in the Friday morning report. Choice boxes were down $0.36 at $364.22, with Select $1.35 higher to $349.78. The Chc/Sel spread narrowed to $13.09. USDA’s Federally inspected cattle slaughter for Thursday was estimated at 107,000 head, with the week to date total at 413,000 head. That is up 6,000 head from the previous week but 36,284 head below the same week last year.
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Aug 26 Live Cattle are at $230.000, down $1.225,
Oct 26 Live Cattle are at $223.500, down $1.425,
Dec 26 Live Cattle are at $222.400, down $1.975,
Aug 26 Feeder Cattle are at $349.225, up $1.175
Sep 26 Feeder Cattle are at $341.800, up $0.225
Oct 26 Feeder Cattle are at $331.000, down $0.950
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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