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Live cattle futures were 40 cents lower to as much as 60 cents higher on the close today. Feeders posted solid gains from 67.5 cents to $1.10 today, and October was up $9.47 or 5% for the week. The CME Feeder Cattle Index for 10/7 was $184.29, up 86 cents from the previous day. Some cash cattle trade was reported between $126 to $127 live and $190 for the dressed. Average slaughter weights slipped to 848 pounds during the week ending 9/26, down 4 pounds on average from the week before. USDA reported choice boxes are down 61 cents, but select boxes were 43 cents higher. Weekly estimated slaughter including Saturday is 557,000 head, down 14,000 head from a week earlier, and 7,000 head from the same week a year ago. The WASDE report had beef production for 2015 up 1% from September.
Oct 15 Cattle closed at $130.775, down $0.400,
Dec 15 Cattle closed at $137.325, down $0.350,
Feb 16 Cattle closed at $139.400, up $0.225,
Oct 15 Feeder Cattle closed at $188.975, up $1.100
Nov 15 Feeder Cattle closed at $184.875, up $0.775
Jan 16 Feeder Cattle closed at $179.775, up $0.875