Live cattle futures are down 47 cent to $1.15 at midday. Cash trade picked up on Thursday with $230 trade across the country reported. Feeder cattle futures are down $1.80 to $2.55 so far at midday, in give back mode ahead of the weekend. The CME Feeder Cattle Index was back up $1.44 to $345.47 on December 10.
USDA Wholesale Boxed Beef prices were mixed in the Friday morning report, with the Chc/Sel spread narrowing to $12.48. Choice boxes were down 85 cents to $357.26, while Select was $1.32 higher at $344.78. USDA federally inspected cattle slaughter was estimated at 123,000 head for Thursday, with the weekly total at 484,000. That was 9,000 head above last week but 4,644 head shy of the same week last year.
Dec 25 Live Cattle are at $229.900, down $0.475,
Feb 26 Live Cattle are at $229.800, down $1.150,
Apr 26 Live Cattle are at $229.775, down $0.900,
Jan 26 Feeder Cattle are at $340.850, down $2.550
Mar 26 Feeder Cattle are at $335.750, down $1.925
Apr 26 Feeder Cattle are at $334.775, down $1.800
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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