Cattle Posting Mixed Action on Tuesday

Live cattle futures are steady to 92 cents across the front months at midday. Cash trade was quiet on Monday as feedlots were compiling showlists. Last week awas $228 in the North, with a few southern sales at $230. Feeder cattle futures are up 32 cents to $2.87. The CME Feeder Cattle Index was up $3.46 on October 23 to $348.55. The Monday OKC feeder cattle auction showed sales on 5,506 head, with action noted $5-15 higher for steers and lighter weight steers up $20-30. 

Monday’s Crop Progress report showed the US pasture rating at 23% gd/ex, steady on the week. The Brugler500 index was up 2 points at 265.

Wholesale Boxed Beef prices were higher in the Monday PM report, with the Chc/Sel at $13.48. Choice boxes were up $4.15 to $373.59, with Select back up $2.55 to $360.11. USDA estimated Federally inspected cattle slaughter for Monday at 106,000 head. That was up 1,000 head from the Monday prior and 2,117 head above the same week last year. 

Oct 26 Live Cattle  are at $229.975, down $0.000,

Dec 26 Live Cattle  are at $230.550, down $0.650,

Feb 27 Live Cattle  are at $233.425, down $0.925,

Oct 26 Feeder Cattle  are at $352.775, up $2.875

Nov 26 Feeder Cattle  are at $349.675, up $1.125

Jan 27 Feeder Cattle  are at $346.325, up $0.325

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.