Live cattle futures are up 30 to 60 cents on Wednesday. Feeder cattle futures are 25 to 97.5 cents in the green at midday. The CME feeder cattle index was down $1.13 on December 3 at $146.72. Wholesale beef prices were lower on Wednesday morning. Choice boxes were down 12 cents at $213.75, with the Select cutout value 43 cents lower at $197.08. USDA’s estimated FI cattle slaughter is at 240,000 head WTD, up 4,000 head from last week and up 2,000 head from a year ago. Wednesday’s FCE online auction saw sales on all 219 head offered, with the two lots selling @ $117.50-118.
Dec 18 Cattle are at $118.175, up $0.400, |
Feb 19 Cattle are at $122.050, up $0.400, |
Apr 19 Cattle are at $123.475, up $0.575, |
Jan 19 Feeder Cattle are at $145.375, up $0.975 |
Mar 19 Feeder Cattle are at $142.725, up $0.875 |
Apr 19 Feeder Cattle are at $143.650, up $0.750 |
--provided by Brugler Marketing & Management
