Live cattle futures are trading with $1.82 to $2 gains at Tuesday’s midday. There were no new deliveries on Monday for October live cattle. Cash trade has been quiet this week, with last week settling in at $240-241 across the country. Feeder cattle futures are up 25 cents to $1.05 on Tuesday. The CME Feeder Cattle Index was back down 36 cents at $376.15 on October 17. The Monday OKC feeder cattle auction had 6,298 head sold, with feeders down $5-15. Steer calves were steady with lighter weights up $10-20 and heifer calves down $5-15.
USDA Wholesale Boxed Beef prices were mixed in the Tuesday morning report, widening the Chc/Sel spread at $19.83. Choice boxes were up $2.76 to $371.94, while Select was $1.35 lower at $352.11. USDA federally inspected cattle slaughter for Monday week was estimated at 95,000 head. That is 11,000 head above last week but 24,716 shy of the same week last year.
Oct 25 Live Cattle are at $243.850, up $2.000,
Dec 25 Live Cattle are at $245.475, up $1.825,
Feb 26 Live Cattle are at $246.350, up $1.825,
Oct 25 Feeder Cattle are at $373.200, up $0.250
Nov 25 Feeder Cattle are at $373.600, up $0.925
Jan 26 Feeder Cattle are at $370.225, up $1.050
