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Tuesday, February 14, 2023 8:53:08 AM
Cattle Were Higher Out Of The Weekend
By: Barchart | February 14, 2023
Live cattle posted fresh life of contract highs in the front months on Monday, with futures closing 57 cents to $1.15 higher. Cash has continued to remain firm, with last week’s trade around $160 to 161.
Feeder cattle futures were 45 cents to $1.02 higher to start the week. USDA’s OKC Feeder Cattle Auction review showed solid volume at 10.5k head, broken down with 44% heifers and with 40% over 600lbs. The CME Feeder Cattle Index was up 24 cents on 2/10 to $183.33.
Wholesale Boxed Beef prices were stronger in the pm report. Choice boxes were up 29 cents at $269.95, with Select $1.92 higher at $256.21. USDA estimated Monday’s FI cattle slaughter at 126,000 head. That is 6,000 head above last week and 4,000 head more than the same week last year.
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DiscoverGold
By: Barchart | February 14, 2023
Live cattle posted fresh life of contract highs in the front months on Monday, with futures closing 57 cents to $1.15 higher. Cash has continued to remain firm, with last week’s trade around $160 to 161.
Feeder cattle futures were 45 cents to $1.02 higher to start the week. USDA’s OKC Feeder Cattle Auction review showed solid volume at 10.5k head, broken down with 44% heifers and with 40% over 600lbs. The CME Feeder Cattle Index was up 24 cents on 2/10 to $183.33.
Wholesale Boxed Beef prices were stronger in the pm report. Choice boxes were up 29 cents at $269.95, with Select $1.92 higher at $256.21. USDA estimated Monday’s FI cattle slaughter at 126,000 head. That is 6,000 head above last week and 4,000 head more than the same week last year.
Read Full Story »»»
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