Live cattle futures posted gains of 12 cents to $1.97 across the board. The Thursday Fed Cattle Exchange showed no sales on the 952 head offered, with $220 live bids. Feeder cattle futures closed Thursday with gains of $1.25 to $2.87 on the session. The CME Feeder Cattle Index was back up $1.53 on September 9 to $328.96.
Wholesale Boxed Beef prices were down in the Thursday afternoon report, with the Chc/Sel widening to $26.31. Choice boxes were down $2.40 at $378.37, with Select 28 cents lower to $352.06. USDA estimated the Thursday Federally inspected cattle slaughter at 109,000 head, with the weekly total at 329,000 head. That is well shy of last week’s total due to the Monday holiday.
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Oct 26 Live Cattle closed at $217.825, up $1.975,
Dec 26 Live Cattle closed at $219.600, up $1.125,
Feb 27 Live Cattle closed at $221.150, up $0.825,
Sep 26 Feeder Cattle closed at $332.575, up $2.875,
Oct 26 Feeder Cattle closed at $327.550, up $1.725,
Nov 26 Feeder Cattle closed at $322.775, up $1.425,
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.