Cattle End Higher on Tuesday

Live cattle futures were 30 to 45 cents higher at the close. Feeder cattle closed another 60 to 82 cents higher. The 11/30 CME Feeder Cattle Index was $140.30, up another $1.41. The FCE online cattle auction has 1,025 head listed for tomorrow’s sale. Cash trade for the week has been limited with some $107 - $110 in NE and WCB. Wholesale boxed beef prices were mixed again in the PM report, tightening the Choice/Select spread to $20.32. Choice boxes were 28 cents weaker, and Select was up $0.65. USDA estimated weekly FI cattle slaughter for Tuesday at 122,000 head. WTD slaughter is 241k head, down 1,000 yr/yr and even with last year.  

Dec 20 Cattle closed at $110.625, up $0.450,
Feb 21 Cattle closed at $113.175, up $0.300,
Apr 21 Cattle closed at $116.825, up $0.425,
Jan 21 Feeder Cattle closed at $141.650, up $0.600
Mar 21 Feeder Cattle closed at $140.650, up $0.675
Apr 21 Feeder Cattle closed at $141.875, up $0.800

--- provided by Brugler Marketing & Management




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