Live cattle futures are down 42 cents to $1.50 so far on the Tuesday session.  Cash trade has been quiet to start the week following the $224-225 reported last week. Feeder cattle futures are down $2.95 to $3.50 at midday. The CME Feeder Cattle Index was back down 77 cents on October 30 to $350.46. The weekly OKC feeder cattle auction showed an estimated 4,394 head sold, with prices down $4-12 on feeders and calves falling $10-20 wk/wk.

Wholesale Boxed Beef prices were higher in the Tuesday AM report, with the Chc/Sel at $7.51. Choice boxes were up $1.24 to $366.28, with Select $3.83 higher to $358.77. USDA estimated Federally inspected cattle slaughter for Monday at 104,000 head. That was down 2,000 head from the week prior and 6,771 head below the same week last year. 

Dec 26 Live Cattle  are at $219.275, down $0.425,

Feb 27 Live Cattle  are at $222.675, down $0.850,

Apr 27 Live Cattle  are at $224.675, down $1.475,

Nov 26 Feeder Cattle  are at $335.475, down $2.950

Jan 27 Feeder Cattle  are at $329.225, down $3.450

Mar 27 Feeder Cattle  are at $324.925, down $3.375

On the date of publication, Austin Schroeder did not directly have a position 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.