Live cattle futures are $4.95 to $5.25 higher on the Friday session. There have been some cash trade picked up in the north this week at $208-210, with dressed trade at $330. Feeder cattle futures are showing near limit gains on Friday, with contracts up $8.70 to $9.225. The CME Feeder Cattle Index was down $2.09 to $329.88 on November 25.
Export Sales data from this morning showed 12,165 MT of beef sold in the week of October 16, a 4-week low. Shipments were tallied at 13,346 MT, the highest in 11 weeks.
USDA reported Wholesale Boxed Beef prices lower in the Friday AM report, with the Chc/Sel spread widening back out to $16.51. Choice boxes were down $1.39 to $366.89, while Select was $5.13 lower at $350.38. USDA federally inspected cattle slaughter for Wednesday was estimated at 124,000 head, with the week to date total at 369,000. That 12,000 head above last week but 2,509 head below the same week last year.
Dec 25 Live Cattle are at $215.975, up $4.950,
Feb 26 Live Cattle are at $218.050, up $5.125,
Apr 26 Live Cattle are at $219.425, up $5.175,
Jan 26 Feeder Cattle are at $324.300, up $9.175
Mar 26 Feeder Cattle are at $318.275, up $9.225
Apr 26 Feeder Cattle are at $316.400, up $8.700
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.
