Fats Leading the Bull Charge on Friday

Austin Schroeder Barchart Fri Jun 6, 12:24PM CDT
Single cow with number tag in ear by Mabel Amber, who will one day via Pixabay

Live cattle futures are up another 75 cents to $2 so far on Friday. Cash trade saw action increase to $230-232 sales in the South. North action has been $240-242. Feeder cattle futures are mixed, with August up 7 cent and other nearbys down 22 to 35 cents. The CME Feeder Cattle Index was up $1.35 on June 4 with an average price of $304.86.

USDA’s National Wholesale Boxed Beef prices were mixed again on Friday morning, narrowing the Chc/Sel spread to $8.78. Choice boxes were back down $1.36 at $365.49, while Select was quoted 10 cents higher at $356.51/cwt. USDA’s Federally inspected cattle slaughter for Thursday was 120,000 head, with the week to date total at 477,000 head. That is down 7,727 head from the same week last year.

Jun 25 Live Cattle  are at $224.900, up $2.000,

Aug 25 Live Cattle  are at $218.175, up $1.350,

Oct 25 Live Cattle  are at $214.725, up $0.750,

Aug 25 Feeder Cattle  are at $309.225, up $0.075

Sep 25 Feeder Cattle  are at $308.075, down $0.225

Oct 25 Feeder Cattle  are at $305.750, down $0.325


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.