Cattle Futures Mixed on Tuesday
BRUG - Tue Dec 03, 4:56PM CST

Live cattle futures were mixed after Tuesday’s close, the April contracts were nudged 2 cents in the black while Feb and Dec futures remained lower. Feeder cattle futures were also mixed at the closing bell, as they couldn’t hang on to midday gains. The 12/02 CME Feeder Cattle index was $145.03 after gaining 6 cents. Official Brazilian exports show beef shipments of 155,600 MT for Nov, which is down from October shipments, but they exported 19.23% more than November a year ago. Afternoon boxed beef prices were lower but tighten the spread to $17.84. Choice boxes were $2.46 lower, but select boxes were $0.67 lower. Tomorrow’s FCE online cattle auction will host 1,189 head, 827 from NE 230 head from KS and TX offering 142 head. Cash cattle activity has been light recently, the USDA has reported 80% choice dressed sales of $187.00, and live from sales $116 - $119 throughout the week. USDA estimated the weekly total FI cattle slaughter at 240,000 head through the beginning of the week. Monday’s estimate was revised to 120,000.

Dec 19 Cattle closed at $120.550, down $0.200,

Feb 20 Cattle closed at $125.650, down $0.150,

Apr 20 Cattle closed at $126.225, up $0.025,

Jan 20 Feeder Cattle closed at $142.375, up $0.225

Mar 20 Feeder Cattle closed at $142.925, down $0.100

Apr 20 Feeder Cattle closed at $144.950, down $0.025

---provided by Brugler Marketing & Management

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