Cattle Traders Look to Round Out the Week

AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Cattle Traders Look to Round Out Week October 04, 2024 — 09:55 am EDT Written by Austin Schroeder for Barchart-> Live cattle futures closed the Thursday session with most contracts down a tick to $1.425. Yesterday morning’s Central Stockyards Fed Cattle Exchange online auction saw no sale on the 1,614 head offered, with bids of $184-184 via the BidTheGrid™ method. Feeder cattle futures were down 42 to 75 cents in the nearby contracts, with the rest up 22 to 72 cents. The CME Feeder Cattle Index was down 96 cents at $248.25 on October 21. USDA reported export sales of 22,542 MT for beef in the week of 9/26, a 7-week high. South Korea was the largest buyer of 7,900 MT, with China in for 6,200 MT. Export shipments were a calendar year high of 17,739 MT. Much of that was sent to South Korea (4,100 MT), Japan (4,000 MT), and China (2,900 MT).USDA wholesale Boxed Beef prices were lower in the Thursday PM report. Choice boxes were by a penny to $299.80/cwt, with Select 64 cents lower @ $283.29. The Chc/Select spread widened to $16.51. USDA estimated Thursday’s federally inspected cattle slaughter at 124,000 head, taking the weekly total to 491,000 head. That is 4,000 head above the previous week but 7,753 head below the same week last year.Oct 24 Live Cattle closed at $186.000, down $1.425,Dec 24 Live Cattle closed at $186.400, down $1.300,Feb 25 Live Cattle closed at $187.750, down $0.650,Oct 24 Feeder Cattle closed at $248.975, down $0.750,Nov 24 Feeder Cattle closed at $248.125, down $0.425,Jan 25 Feeder Cattle closed at $242.550, up $0.475, 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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