Cattle Down at Midday
Alan Brugler - Barchart - Mon May 03, 4:39PM UTC
Related Stocks
 LEJ24 - Live Cattle
SymLastChgPct
LEJ24180.925+0.025+0.01%
LEQ24173.425+0.650+0.38%
GFJ24241.300+0.875+0.36%
GFK24242.100+1.825+0.76%

Midday live cattle futures are trading 10 to 72 cents weaker. USDA’s reported cash sales for last week were mostly $118 - $119 in the South, and $119 - $120 in the North. Feeder cattle are mixed with August up by 2 cents but the rest of the nearbys down by as much as 60 cents. The 4/29 CME Feeder Cattle Index was down another 94 cents to $134.13.     

Wholesale Boxed Beef prices continued rising through Monday morning, as Choice is now $298.41 cwt. and Select was 96 cents stronger to $284.01. USDA quoted Choice rib primals at $516.64 cwt. USDA estimated last week’s FI cattle slaughter at 649,000 head through Saturday. That was down from 665k head last week, on a lighter Saturday kill. YTD slaughter is 10.954m head.

Jun 21 Cattle  are at $115.850, down $0.725,

Oct 21 Cattle  are at $122.700, down $0.200,

May 21 Feeder Cattle  are at $133.300, down $0.300

Aug 21 Feeder Cattle  are at $146.775, up $0.025



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