Live cattle futures fading 10 to 97 cents lower in the front months on Wednesday. Cash trade has yet to develop this week. Wednesday’s Fed Cattle Exchange online auction showed no sales or bids on the 1,570 yead offered. Feeder cattle futures are holding up with contracts up $1.04 to 30 cents lower at midday. The CME Feeder Cattle Index was back down $2.43 on November 9 to $330.42. 

Wholesale Boxed Beef prices were lower in the Wednesday morning report, with the Chc/Sel at $11.19. Choice boxes were down $2.38 to $360.60, with Select $2.21 lower at $349.41. USDA estimated Federally inspected cattle slaughter for Tuesday at 111,000 head, with the weekly total at 218,000 head. That was up 7,000 head from the week prior but down 10,750 head from the same week last year. 

Dec 26 Live Cattle  are at $218.225, down $0.975,

Feb 27 Live Cattle  are at $222.125, down $0.450,

Apr 27 Live Cattle  are at $225.025, down $0.100,

Nov 26 Feeder Cattle  are at $331.400, up $1.050

Jan 27 Feeder Cattle  are at $326.900, up $0.225

Mar 27 Feeder Cattle  are at $323.150, down $0.200

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.