Cattle Market Looking for Cash Confirmation
BRUG - Wed Nov 27, 7:26AM CST

Live cattle futures were up by $0.52 to $0.87 at the Tuesday close, and Dec futures have hit a new 7-month high. Feeder cattle futures, however, finished mostly lower, with the closing board showing losses of 35 cents and gains in the April contracts. The 11/25 CME Feeder Cattle index was lower by 54 cents to $144.79. Wholesale boxed beef prices were mixed this afternoon to narrow the Chc/Sel spread to 19.55. Choice boxes were $1.40 lower, and select boxes gained $0.38. There will not be an FCE online cattle auction this week. USDA estimated the Tuesday cattle slaughter under Federal inspection at 110,000, to bring the weekly total to 228,000 head. Last year’s running total through Tuesday was 234,000.

--provided by Brugler Marketing & Management




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