Live cattle futures are trading with slight 10 to 30 cent losses across the front months on Thursday. Cash trade saw some light dressed trade at $330. The Thursday Fed Cattle Exchange online auction showed no sales or bids on the 1,640 yead offered. Feeder cattle futures are up $2.40 to $3.20 at midday. The CME Feeder Cattle Index was back up 19 cents on November 10 to $330.61.

Wholesale Boxed Beef prices were mixed in the Thursday morning report, with the Chc/Sel at $10.92. Choice boxes were down 9 cents to $360.19, with Select $1.79 higher at $349.25. USDA estimated Federally inspected cattle slaughter for Wednesday at 107,000 head, with the weekly total at 325,000 head. That was up 5,000 head from the week prior but down 24,766 head from the same week last year. 

Dec 26 Live Cattle  are at $218.700, down $0.275,

Feb 27 Live Cattle  are at $222.600, down $0.100,

Apr 27 Live Cattle  are at $225.350, down $0.275,

Nov 26 Feeder Cattle  are at $335.075, up $2.450

Jan 27 Feeder Cattle  are at $330.900, up $3.100

Mar 27 Feeder Cattle  are at $327.325, up $3.200

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.