Live cattle futures are mixed, with front months up 32 to 75 cent and other contracts down 15 cents. The Wednesday Fed Cattle Exchange online auction from Central Stockyards showed $235 sales in TX and $238-240 in KS, with BidTheGrid™ sales of $237-240. Feeder cattle futures are 90 cents to $1.50 lower on Wednesday, pulling off the early session lows. The CME Feeder Cattle Index was up $3.58 on June 9 with an average price of $314.04.
USDA’s National Wholesale Boxed Beef prices were higher on Wednesday morning, widening the Chc/Sel spread to $13.17. Choice boxes were back up $1.88 at $373.64, while Select was quoted 63 cents higher at $360.47/cwt. USDA’s Federally inspected cattle slaughter for Tuesday was estimated at 119,000 head, with the weekly total 231,000 head. That is 5,000 head below the week prior on a revised Monday total and 14,562 head below the same week last year.
Jun 25 Live Cattle are at $227.800, up $0.725,
Aug 25 Live Cattle are at $218.525, up $0.325,
Oct 25 Live Cattle are at $215.500, down $0.150,
Aug 25 Feeder Cattle are at $311.650, down $1.500
Sep 25 Feeder Cattle are at $311.825, down $0.925
Oct 25 Feeder Cattle are at $309.600, down $0.950
