Cattle Futures Lower While Feeders Are Mixed
Related Stocks
 LEJ24 - Live Cattle
SymLastChgPct
LEJ24183.600s+0.500+0.27%
LEQ24176.675s+0.250+0.14%
GFH24248.050s+0.325+0.13%
GFJ24246.875s+1.425+0.58%

On Monday the cattle futures market ended mixed. Fat cattle futures were down 2 to 70 cents, with the sharper losses in spring months. Feeder cattle futures, on the other hand, were mostly higher capturing the weakness from corn prices. Feeders closed 7 to 62 cents higher on the board, save for a 25 cent drop in April contracts. Cash cattle sales for the week are yet to be established, trade last week was mostly $123+. The CME Feeder Cattle Index was up 65 cents on 4/8 to $141.91.     

Wholesale Boxed Beef prices were mixed on Monday, tightening the Chc/Sel spread to $5.25. Choice boxes were down $0.76 to $271.41 and Select was up by $2.09. USDA’s estimate for Monday’s FI cattle slaughter is 112,000 head.

Apr 21 Cattle  closed at $122.725, down $0.700,

Aug 21 Cattle  closed at $121.950, down $0.450,

Apr 21 Feeder Cattle  closed at $144.500, down $0.250

May 21 Feeder Cattle  closed at $149.700, up $0.075




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