Live cattle futures are closing out the week with $1.22 to $2 losses on Friday. Cash trade has picked up this week at $235 live and $370 dressed (North) across the country. Feeder cattle futures are trading with $1.17 gains to 95 cent losses at midday. The CME Feeder Cattle Index was back up $4.28 on August 5 to $352.93.

Wholesale Boxed Beef prices were higher in the Friday morning report. Choice boxes were down $0.36 at $364.22, with Select $1.35 higher to $349.78. The Chc/Sel spread narrowed to $13.09. USDA’s Federally inspected cattle slaughter for Thursday was estimated at 107,000 head, with the week to date total at 413,000 head. That is up 6,000 head from the previous week but 36,284 head below the same week last year.

Aug 26 Live Cattle  are at $230.000, down $1.225,

Oct 26 Live Cattle  are at $223.500, down $1.425,

Dec 26 Live Cattle  are at $222.400, down $1.975,

Aug 26 Feeder Cattle  are at $349.225, up $1.175

Sep 26 Feeder Cattle  are at $341.800, up $0.225

Oct 26 Feeder Cattle  are at $331.000, down $0.950

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.