Live cattle futures posted losses of $1.50 to $2.30 in the front months on the day. Cash trade has yet to be reported this week. This morning’s Central Stockyards Fed Cattle Exchange online auction showed no sales on the 1,108 head offered, with bids of $190-195. Feeder cattle futures were down $2.25 to $2.95 on the day. The CME Feeder Cattle Index was up another 57 cents from the day prior at $272.86 on January 7.
USDA wholesale Boxed Beef prices were higher in the Wednesday afternoon report, with the Chc/Sel spread widening to $21.72. Choice boxes were up $2.82 at $328.61/cwt, with Select $1.46 higher @ $306.89. USDA estimated federally inspected cattle slaughter for Wednesday at 122,000 head, taking the weekly total to 357,000 head. That is up 43,459 head from the same week last year.
Feb 25 Live Cattle closed at $193.700, down $1.875,
Apr 25 Live Cattle closed at $195.525, down $2.250,
Jun 25 Live Cattle closed at $190.475, down $2.300,
Jan 25 Feeder Cattle closed at $265.575, down $2.825,
Mar 25 Feeder Cattle closed at $264.975, down $2.950,
Apr 25 Feeder Cattle closed at $266.150, down $2.325,
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?
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