Live cattle futures are up $1.17 to $1.62 at midday. Feeder cattle futures are also higher, with nearby Jan up $1.27. Monday afternoon’s Cold Storage report showed Oct 31 beef stocks at 500.473 million lbs, up 7.34% from a year ago and 8.09% above September. The 11/19 CME Feeder Cattle Index was $136.94, up 14 cents from the previous day. Wholesale boxed beef prices were higher on Tuesday morning. Choice was up $2.69 at $244.29/cwt, with Select up $2.01 to $219.49/cwt. Despite the short week, not much cash action has taken place yet this week. The Fed Cattle Exchange has a total of 782 head listed for Wednesday morning’s sale. USDA estimates Monday’s FI cattle slaughter at 120,000 head, up 1,000 from a week ago and even with last year.
| DEC 20 Cattle are at $111.525, up $1.525, |
| FEB 21 Cattle are at $114.525, up $1.625, |
| APR 21 Cattle are at $117.725, up $1.175, |
| JAN 20 Feeder Cattle are at $139.100, up $1.275 |
| MAR 21 Feeder Cattle are at $138.650, up $1.375 |
| APR 21 Feeder Cattle are at $139.825, up $0.850 |
--- provided by Brugler Marketing & Management
