Live cattle futures saw some profit taking into the close, with losses of $1.9 to $2.37 after early strength. Cash trade has yet to see much action this week, with light business of $229 in the North. The Wednesday Fed Cattle Exchange Online auction from Central Stockyards saw no sales on the 1,304 head listed, with bids at $216. Feeder cattle futures posted losses of $3.25 to $4.10 on Wednesday. The CME Feeder Cattle Index was up just a penny on May 13, with the average price at $302.41.
The Wednesday afternoon National Wholesale Boxed Beef prices was mixed, with the Chc/Sel spread tightening to $13.51. Choice boxes were down 74 cents $349.36, while Select was quoted $1.38 higher at $335.85 per hundred pounds. USDA’s Federally inspected cattle slaughter for Wednesday was estimated at 119,000 head, with a weekly total at 339,000 head. That is down 10,000 head from the week prior and down 23,288 head from the same week last year.
Jun 25 Live Cattle closed at $213.950, down $2.375,
Aug 25 Live Cattle closed at $209.375, down $2.250,
Oct 25 Live Cattle closed at $206.500, down $1.950,
May 25 Feeder Cattle closed at $299.575, down $3.250,
Aug 25 Feeder Cattle closed at $301.975, down $4.025,
Sep 25 Feeder Cattle closed at $300.975, down $4.075,
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.
