Live cattle futures slipped back 57 cents to $1.22 on the Thursday session. The Thursday morning Fed Cattle Exchange showed no sales on the 2,552 head listed, with a few bids of $230-231.50. Outside of that, there has been some light cash trade at $230 in the North, down $2-5 from last week. Dressed trade was reported at $360. Feeder cattle futures were under pressure on Thursday, with contracts falling $4.65 to $5.20 in the front months. The CME Feeder Cattle Index was back down $3.08 at $361.63 on October 1.
USDA Wholesale Boxed Beef prices continued lower on Thursday afternoon, with the Chc/Sel spread narrowing to $19.82. Choice boxes were down $5.25 at $363.22, while Select was $3.49 lower to $343.40. USDA federally inspected cattle slaughter for Thursday was estimated at 113,000 head, with the weekly total at 461,000 head. That was 5,000 head below last week and 30,285 head below the same week in 2024.
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Oct 25 Live Cattle closed at $230.525, down $0.575,
Dec 25 Live Cattle closed at $233.475, down $1.025,
Feb 26 Live Cattle closed at $235.950, down $1.225,
Oct 25 Feeder Cattle closed at $354.300, down $4.675,
Nov 25 Feeder Cattle closed at $352.400, down $5.200,
Jan 26 Feeder Cattle closed at $347.175, down $4.850,
On the date of publication,
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.
More news from Barchart
- Will Cattle Futures Continue to Reach New Highs During the Off-Demand Season?
- Beef Prices Are Going Up. What’s Behind the Surge, and How Much Higher Will They Go?
- Commodity Market Roundup-August’s Top Performers and Underperformers
- The Bullish Cattle Stampede Rumbles On. Here’s What to Watch Next After Record Cattle Highs.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Live cattle futures slipped back 57 cents to $1.22 on the Thursday session. The Thursday morning Fed Cattle Exchange showed no sales on the 2,552 head listed, with a few bids of $230-231.50. Outside of that, there has been some light cash trade at $230 in the North, down $2-5 from last week. Dressed trade was reported at $360. Feeder cattle futures were under pressure on Thursday, with contracts falling $4.65 to $5.20 in the front months. The CME Feeder Cattle Index was back down $3.08 at $361.63 on October 1.
USDA Wholesale Boxed Beef prices continued lower on Thursday afternoon, with the Chc/Sel spread narrowing to $19.82. Choice boxes were down $5.25 at $363.22, while Select was $3.49 lower to $343.40. USDA federally inspected cattle slaughter for Thursday was estimated at 113,000 head, with the weekly total at 461,000 head. That was 5,000 head below last week and 30,285 head below the same week in 2024.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Oct 25 Live Cattle closed at $230.525, down $0.575,
Dec 25 Live Cattle closed at $233.475, down $1.025,
Feb 26 Live Cattle closed at $235.950, down $1.225,
Oct 25 Feeder Cattle closed at $354.300, down $4.675,
Nov 25 Feeder Cattle closed at $352.400, down $5.200,
Jan 26 Feeder Cattle closed at $347.175, down $4.850,
On the date of publication,
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.
More news from Barchart
- Will Cattle Futures Continue to Reach New Highs During the Off-Demand Season?
- Beef Prices Are Going Up. What’s Behind the Surge, and How Much Higher Will They Go?
- Commodity Market Roundup-August’s Top Performers and Underperformers
- The Bullish Cattle Stampede Rumbles On. Here’s What to Watch Next After Record Cattle Highs.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
