Cattle Close Mostly Weaker
Alan Brugler - Barchart - Thu Jan 28, 10:42PM UTC

Live cattle futures closed the Thursday session 22 to 45 cents in the red, save for a 7 cent gain in April. Feeder cattle futures closed down 27 to 50 cents, and Jan rolled off the board at $135.70.  The 1/27 CME Feeder Cattle Index was $135.34 up by 51 cents. USDA confirmed some $111-$112 trade in KS on Thursday and $110-$111 in NE. Southern deals were $113 on Wednesday. Wholesale Boxed Beef prices were higher again on Wednesday. Choice boxes were $2.33 higher at $231.99 cwt. and Select boxes were up $1.89 to $220.88. The weekly Export Sales update showed 28,756 MT of beef booked on the week ending 1/21. That was the largest weekly sale since the week ending November. USDA has the WTD FI cattle slaughter at 471,000 head through Thursday. That is up 4k from last week, but down 16k yr/yr. 

Feb 21 Cattle closed at $116.000, down $0.450,
Apr 21 Cattle closed at $122.700, up $0.075,
Jun 21 Cattle closed at $118.825, down $0.225,
Mar 21 Feeder Cattle closed at $139.800, down $0.275
Apr 21 Feeder Cattle closed at $142.675, down $0.400
May 21 Feeder Cattle closed at $144.375, down $0.500

--- provided by Brugler Marketing & Management



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