Triple Digit Gains for Live Cattle
BRUG - Wed Nov 27, 12:03PM CST

Live cattle futures are higher again, with triple digit midday gains in the nearby contracts. and Dec futures have hit a new 7-month high. Feeder cattle futures have regained yesterday losses with midday gains of as much as $1.77 ahead of Turkey Day. The 11/25 CME Feeder Cattle index was lower by 54 cents to $144.79. Wholesale boxed beef prices reversed yesterday’s pattern, to widen today’s spread. Choice boxes were $0.74 higher, and select boxes dropped by $1.23. The USDA had reported minimal cash sales activity through the week, with slight $118 activity for 80% choice grade. 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.

DEC 19 Cattle are at $121.450, up $1.050,

FEB 19 Cattle are at $126.700, up $1.025,

APR 20 Cattle are at $126.925, up $0.825,

JAN 19 Feeder Cattle are at $143.400, up $1.775

MAR 19 Feeder Cattle are at $143.875, up $1.650

APR 19 Feeder Cattle are at $145.500, up $1.450

--provided by Brugler Marketing & Management




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