Live cattle futures closed mixed on Tuesday, with front months steady to 22 cents lower and deferreds 7 to 22 cents higher. Cash trade saw some light $350 action in the North so far this week as reported by USDA. Feeder cattle futures were $1.20 to $1.75 higher at the closing bell. The CME Feeder Cattle Index was 2 cents lower on September 28 to $338.77. 

Wholesale Boxed Beef prices were higher in the Tuesday PM report, with the Chc/Sel at $18.18. Choice boxes were up $2.18 at $382.66, with Select $6.25 higher to $364.48. USDA estimated Federally inspected cattle slaughter for Tuesday at 108,000 head, bouncing from lower kills in the last week and taking this week’s total to 203,000 head. That was down 2,000 from last week and 29,845 head below the same week last year. 

Oct 26 Live Cattle  closed at $217.225, down $0.225,

Dec 26 Live Cattle  closed at $220.800, down $0.000,

Feb 27 Live Cattle  closed at $222.925, down $0.025,

Oct 26 Feeder Cattle  closed at $333.650, up $1.750,

Nov 26 Feeder Cattle  closed at $330.900, up $1.625,

Jan 27 Feeder Cattle  closed at $323.400, up $1.425,

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.