Live cattle futures are up $1.35 to $1.55 so far on Friday. The Friday morning Central Stockyards Fed Cattle Exchange online auction showed $228-230 sales on 160 of the 1,228 head offered. Outside of that, Northern sales have been reported at $230-230.50, with $232 Southern sales this week. Feeder cattle futures are trading with gains on Friday, with contracts 45 cents to $1.65. 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 Friday AM report, with the Chc/Sel spread narrowing to $15.23. Choice boxes were down 54 cents to $377.43, while Select was $1.44 higher at $362.20. 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 are at $220.300, up $1.525,
Feb 26 Live Cattle are at $218.125, up $1.375,
Apr 26 Live Cattle are at $218.050, up $1.350,
Nov 25 Feeder Cattle are at $323.675, up $1.625
Jan 26 Feeder Cattle are at $316.475, up $0.875
Mar 26 Feeder Cattle are at $311.450, up $0.450
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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