Live cattle futures posted front month losses of 45 cents to $1.55, as back months were 12 cents to $1.10 higher. Cash trade has yet to get kicked off on Monday, with last week at $239-240 in the South, with Northern sales of $237-238.
Feeder cattle futures pushed higher on Tuesday, with gains anywhere from 77 cents to $3.82 in some back months. The CME Feeder Cattle Index was back down $2.32 at $361.10 on September 22. The weekly OKC feeder cattle auction saw 4,420 head sold, with feeder steers steady to $5 higher, with heifers up $2-6. Calves were up $10-20 for steers and $15-25 for heifers.
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USDA Wholesale Boxed Beef prices were lower in the Tuesday afternoon report, with the Chc/Sel spread widening to $20.90. Choice boxes were down 59 cents at $380.80, while Select was $2.19 lower to $359.90. USDA federally inspected cattle slaughter for Tuesday was estimated at 121,000 head, with the week to date total at 231,000 head. That was even with last week and 14,607 head below the same week in 2024.
Oct 25 Live Cattle closed at $235.600, down $1.550,
Dec 25 Live Cattle closed at $238.750, down $1.475,
Feb 26 Live Cattle closed at $241.125, down $1.225,
Sep 25 Feeder Cattle closed at $364.850, up $2.125,
Oct 25 Feeder Cattle closed at $362.125, up $0.775,
Nov 25 Feeder Cattle closed at $360.750, up $0.850,
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.
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