Cattle Close Mixed on Monday as Feeders Find Strength

Live cattle futures fell anywhere from a nickel to $1.25 across most contracts on Monday. Cash trade was reported by USDA at $224-225 live last week, with a few leaking towards $220. Feeder cattle futures were up 65 cents to $1.42 at the close. The CME Feeder Cattle Index was back down 77 cents on October 30 to $350.43. The weekly OKC feeder cattle auction showed an estimated 4,600 head sold, with prices down $4-12 on feeders and calves falling $10-20 wk/wk.

Wholesale Boxed Beef prices were higher in the Monday PM report, with the Chc/Sel at $10.10. Choice boxes were up 38 cents to $365.04, with Select $2.96 higher to $354.94. USDA estimated Federally inspected cattle slaughter for Monday at 104,000 head. That was down 2,000 head from the week prior and 6,771 head below the same week last year. 

Dec 26 Live Cattle  closed at $219.700, down $1.250,

Feb 27 Live Cattle  closed at $223.525, down $0.675,

Apr 27 Live Cattle  closed at $226.150, down $0.475,

Nov 26 Feeder Cattle  closed at $338.425, up $0.650,

Jan 27 Feeder Cattle  closed at $332.675, up $0.900,

Mar 27 Feeder Cattle  closed at $328.300, up $1.025,

On the date of publication, Austin Schroeder did not directly have a position 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.