Live cattle futures saw Tuesday gains of 52 to 95 cents. Cash trade has yet to get kicked off this week, with early action compiling showlists. Last week settled in at $232-235 in the North, with Southern action at $235-237. Feeder cattle futures led the bullish charge, as corn losses added some support, with contracts up $4.82 to $5.75. The CME Feeder Cattle Index was back down $2.28 at $365.33 on September 29.
USDA Wholesale Boxed Beef prices were mixed on Tuesday afternoon, with the Chc/Sel spread widening to $23.78. Choice boxes were up 35 cents at $371.03, while Select was $1.64 lower to $347.25. USDA federally inspected cattle slaughter for Tuesday was estimated at 120,000 head, with the weekly total at 233,000 head. That was 2,000 head above last week but 11,646 head below the same week in 2024.
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Oct 25 Live Cattle closed at $231.850, up $0.525,
Dec 25 Live Cattle closed at $234.775, up $0.950,
Feb 26 Live Cattle closed at $237.175, up $0.950,
Oct 25 Feeder Cattle closed at $361.025, up $4.825,
Nov 25 Feeder Cattle closed at $359.350, up $5.475,
Jan 26 Feeder Cattle closed at $353.050, up $5.700,
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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