Cattle Rallying out of Christmas
Live cattle futures are posting $1.70 to $2.30 gains across the front months on Thursday. Cash trade has yet to begin this week, with bids of $190 reported so far. This morning’s Fed Cattle Exchange online auction from Central Stockyards showed no sale on the 1,036 head listed, with bids running $188-190. Feeder cattle futures are up $2.87 to $3.80 in the nearbys at midday. The CME Feeder Cattle Index was down 4 cents from the day prior at $262.96 on December 23.
USDA wholesale Boxed Beef prices were higher in the Thursday morning report. Choice boxes were up $3.84 to $319.82/cwt and Select 98 cents higher @ $287.73.
Dec 24 Live Cattle are at $192.500, up $1.700,
Feb 25 Live Cattle are at $189.450, up $2.075,
Apr 25 Live Cattle are at $191.850, up $2.300,
Jan 25 Feeder Cattle are at $258.725, up $2.875
Mar 25 Feeder Cattle are at $258.800, up $3.800
Apr 25 Feeder Cattle are at $259.350, up $3.500
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.