Live cattle futures are up another 40 to 60 cents in the front months on Friday. Cash trade is picking up with sales of $200 being reported in the South and live sales of $202-205 in the North and $320 in the beef. Feeder cattle futures are seeing front month strength, with hep from the cash market. Jan is up $2.45, with other nearbys down a dime. The CME Feeder Cattle Index was up another $2.14 from the day prior at $275.00 on January 8.
Beef export sales totaled 5,599 MT in the week of January 2 to kick off the new year. Shipments totaled 10,980 MT in that week. Japan was the primary destination of 3,300 MT, with 2,800 MT to South Korea.
USDA wholesale Boxed Beef prices were higher in the Friday AM report, with the Chc/Sel spread narrowing to $19.55. Choice boxes were up $2.34 at $333.12/cwt, with Select $5.22 higher @ $313.57. USDA estimated federally inspected cattle slaughter for Thursday at 122,000 head, taking the weekly total to 479,000 head. That is up 55,629 head from the same week last year.
Feb 25 Live Cattle are at $198.250, up $0.650,
Apr 25 Live Cattle are at $198.800, up $0.525,
Jun 25 Live Cattle are at $193.125, up $0.400,
Jan 25 Feeder Cattle are at $271.675, up $2.450
Mar 25 Feeder Cattle are at $268.200, down $0.100
Apr 25 Feeder Cattle are at $268.975, down $0.100
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. More news from Barchart- Cattle and Hogs in Q4 and 2024 - Where are they Heading in 2025?
- Are Cattle Prices Heading for Record Highs in 2025?
- Where are Animal Protein Prices Heading as the Offseason for Demand Approaches?
- Where are Animal Proteins Prices Heading in Q3 and Beyond?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
