Cattle Rallies to Close Above $200

Austin Schroeder Barchart Wed Jan 22, 5:29PM CST
Close up of brown and white cow by Derek Sewell via Pixabay

Live cattle closed out a rallying Wednesday session with gains of $2.25 to $3.00, as February spiked above $200 a new all-time high for the spot contract. A few early cash sales have come in at $201 in the South, with some at $202, steady to $1 higher from last week. Wednesday’s Fed Cattle Exchange online auction from Central Stockyards showed sales of $201.50-202 live and $201.50-$202.50 using the BidTheGrid™ method. Feeder cattle futures were up $2.65 to $5.82 at midday. The CME Feeder Cattle Index was back up 16 cents from the day prior at $278.18 on January 21. 

USDA wholesale Boxed Beef prices were lower in the Wednesday PM report, with the Chc/Sel spread widening to $14.03. Choice boxes were down 3 cents at $332.02 /cwt, with Select $1.56 lower @ $317.99. USDA estimated federally inspected cattle slaughter on Wednesday at 124,000 head, taking the weekly total to 363,000 head. That is 3,000 head below last week and up 2,433 head from the same week last year.

Feb 25 Live Cattle  closed at $200.050, up $3.000,

Apr 25 Live Cattle  closed at $199.775, up $2.450,

Jun 25 Live Cattle  closed at $194.900, up $2.250,

Jan 25 Feeder Cattle  closed at $277.050, up $2.650,

Mar 25 Feeder Cattle  closed at $273.075, up $5.825,

Apr 25 Feeder Cattle  closed at $271.300, up $4.825,


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.