Cattle Mixed at Midday

Cattle crush board spreads are lower at midday as corn and feeders are in the black but fats are trading lower. Fat cattle futures are down 17 to 50 cents at midday. Front month feeder cattle futures are up by as much as 60 cents so far. The CME Feeder Cattle Index was another 7 cents stronger at $136.23 on 1/11. The Central Stockyards weekly Fed Cattle Exchange auction sold 617 of the 1,532 head listed for a wtd ave price of $110.75 – all in TX. Early reports are for $111 deals on Wednesday in the South. USDA confirmed cash sales for Tuesday at $111 for TX and $109-$110 for NE. Wholesale Boxed Beef prices were higher this morning, Choice was up 94 cents and Select was $1.16 higher. USDA estimated Tuesday’s cattle slaughter at 119k head. WTD slaughter is 235,000 head. That compares to 230k LW and 246,000 LY.

Feb 21 Cattle are at $112.200, down $0.275,
Apr 21 Cattle are at $117.375, down $0.275,
Jun 21 Cattle are at $114.750, down $0.175,
Jan 21 Feeder Cattle are at $133.825, up $0.600
Mar 21 Feeder Cattle are at $134.300, up $0.325
Apr 21 Feeder Cattle are at $136.475, up $0.225

--- provided by Brugler Marketing & Management




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