Live cattle futures fell 85 cents to $1.75 in the nearbys on Thursday. The Thursday morning Central Stockyards Fed Cattle online auction showed no sales on the 1,228 head offered, with bids at $226-228. Outside of that, Northern sales have been reported at $230-230.50, with $232 Southern sales this week. Feeder cattle fell lower by $3 to $4.75 on the Thursday session following Wednesday’s limit losses. The CME Feeder Cattle Index was back down $1.66 to $347.82 on November 5.
USDA Wholesale Boxed Beef prices were mixed in the Thursday PM report, with the Chc/Sel spread narrowing to $17.21. Choice boxes were down 29 cents to $377.97, while Select was 51 cents higher at $360.76. USDA federally inspected cattle slaughter for Thursday at 112,000 head, taking the week’s total to 456,000. That is 1,000 head above last week but 39,701 head shy of the same week last year.
Dec 25 Live Cattle closed at $218.775, down $1.750,
Feb 26 Live Cattle closed at $216.750, down $1.375,
Apr 26 Live Cattle closed at $216.700, down $0.875,
Nov 25 Feeder Cattle closed at $322.050, down $3.675,
Jan 26 Feeder Cattle closed at $315.600, down $4.375,
Mar 26 Feeder Cattle closed at $311.000, down $4.675,
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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