Cattle Market Pulls Back on Monday

Alan Brugler Barchart Mon Nov 30, 2020

Fat cattle futures are trading in the red so far with 17 to 47 cent Monday givebacks. Feeder cattle are also on the slide, giving back 22 to 50 cents. The 11/25 CME Feeder Cattle Index was $136.90, down 53 cents from the previous day. A few cash trades at $111 were reported last week, with northern sales of $174 in the beef. Wholesale boxed beef prices were higher in the AM quote, with the spread reported at $21.86 cwt. Choice boxes were $244.02, up $1.17 and Select was $1.48 higher to $222.16. USDA estimated weekly FI cattle slaughter was 564,000 head including Saturday.

Dec 20 Cattle are at $110.150, down $0.475,
Feb 21 Cattle are at $112.975, down $0.275,
Apr 21 Cattle are at $116.525, down $0.425,
Jan 21 Feeder Cattle are at $139.525, down $0.300
Mar 21 Feeder Cattle are at $138.500, down $0.500
Apr 21 Feeder Cattle are at $139.975, down $0.350

--- provided by Brugler Marketing & Management