The cattle market is slipping through midday with triple digit losses so far. August is leading the way down with a $1.40 loss of 0.8%. Midday feeder cattle quotes are $1.15 to $1.77 weaker with 0.5% losses in the front months. The Tuesday FCE auction showed no sales between $178 bids and $182 asks for the 1,513 head listed. The USDA’s OKC Feeder Auction review had 6.1k head sold with prices +/- $2 from last week. The CME Feeder Cattle Index for 6/15 was $223.76, down by $3.92.
USDA’s Wholesale Boxed Beef report showed Choice boxes were 69 cents weaker in the AM report to $342.40, while Select was down by 73 cents to $310.22. USDA marked the week’s federally inspected cattle slaughter at 634k head through Saturday. That is up from 616k last week, but 34k head below the same week last year.
Jun 23 Cattle are at $177.900, down $0.450,
Aug 23 Cattle are at $170.800, down $0.925,
Oct 23 Cattle are at $174.550, down $0.800,
Cash Cattle Index was $185.000, from $185.00 last week
Aug 23 Feeder Cattle are at $233.375, down $1.550
Sep 23 Feeder Cattle are at $236.900, down $1.275
On the date of publication, Alan Brugler 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.
