Live cattle futures are up $2 to $2.50 at Wednesday’s midday trade. Cash trade has been light this week so far. The Wednesday morning Central Stockyards Fed Cattle Exchange online auction saw no sales on the 1,628 head offered, with bids running $202-205. Feeder cattle are rallying $1.37 to $2.35 on Wednesday. The CME Feeder Cattle Index was back up 91 cents on April 14, with the average price at $288.07.
The National Wholesale Boxed Beef prices were lower on Wednesday morning, as the Chc/Sel was narrowed to $19.27. Choice boxes were $1.37 lower at $334.06/cwt, with Select down 45 cents to $314.79. Tuesday’s Federally inspected cattle slaughter was estimated at 122,000 head, with the weekly total at 234,000. That was 8,000 head above the previous week but down 9,928 head from the same week last year.
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Apr 25 Live Cattle are at $207.300, up $2.500,
Jun 25 Live Cattle are at $202.325, up $2.525,
Aug 25 Live Cattle are at $199.125, up $2.275,
Apr 25 Feeder Cattle are at $290.750, up $1.375
May 25 Feeder Cattle are at $284.850, up $2.325
Aug 25 Feeder Cattle are at $290.075, up $1.825
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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