Beef Brief-Jan. 3, 2024

Posted January 3, 2024

Week ending Dec. 29, 2023

Live cattle futures had mixed results to conclude the holiday week of trade. December contracts closed at $173.67, while February futures closed at $168.50. Cash trade did see slight increases during the holiday week. Southern trade was up $1, closing at $172. Northern trade was up $2-$3 at $172-$173.

Feeder cattle futures closed the week lower. January futures closed at $222.30. March futures closed at $223.10. Cash trade was minimal due to the holiday week.
The Choice cutout closed at $289.71, while the Select cutout closed at $260.33.  The Choice/Select spread closed at $29.38.