Cattle Futures up Triple Digits ahead of Break
BRUG - Wed Nov 27, 4:24PM CST

Live cattle futures gained $0.92 to $1.02 today and Dec futures have hit a new 7-month high. Feeder cattle futures regained yesterday losses with gains of as much as $1.70 ahead of the holiday. The 11/26 CME Feeder Cattle index was $145.02 after a 33 cent bump. Wholesale boxed beef prices widened today’s Choice/Select spread to $21.60. Choice boxes were $0.40 higher, and select boxes dropped by $1.65. The USDA has reported minimal cash sales activity through the week, with KS reporting some $118 activity later Wednesday afternoon. USDA estimated the FI cattle slaughter weekly total to be 341,000 head through Wednesday. The shortened week is 12,000 head behind last week’s total as well as 15,000 head behind the same Wednesday last year.

DEC 19 Cattle closed at $121.425, up $1.025,

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

APR 20 Cattle closed at $127.025, up $0.925,

JAN 19 Feeder Cattle closed at $143.325, up $1.700

MAR 19 Feeder Cattle closed at $143.925, up $1.700

APR 19 Feeder Cattle closed at $145.625, up $1.575

--provided by Brugler Marketing & Management

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