Live cattle futures were pulling back on the Wednesday session with contracts $1.50 to $2.20 lower at the close. Cash trade has been quiet so far this week, with a few sparse $365 dressed sales in the North. The Wednesday morning Fed Cattle Exchange online auction showed no sales on the 2,144 head offered, with bids at $235. Feeder cattle futures were up 52 cents in the September contract, which expires on Thursday, with other contracts down $2.50 to $4.10. The CME Feeder Cattle Index was back up 21 cents at $361.31 on September 23.
USDA Wholesale Boxed Beef prices were lower in the Wednesday afternoon report, with the Chc/Sel spread at $20.97 Choice boxes were down $3.41 at $377.39, while Select was $3.48 lower to $356.42. USDA federally inspected cattle slaughter for Wednesday was estimated at 120,000 head, with the week to date total at 351,000 head. That was 3,000 head above last week but 15,494 head below the same week in 2024.
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Oct 25 Live Cattle closed at $234.050, down $1.550,
Dec 25 Live Cattle closed at $236.825, down $1.925,
Feb 26 Live Cattle closed at $238.975, down $2.150,
Sep 25 Feeder Cattle closed at $365.375, up $0.525,
Oct 25 Feeder Cattle closed at $359.625, down $2.500,
Nov 25 Feeder Cattle closed at $357.800, down $2.950,
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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