Feeder Cattle Apr '23 (GFJ23)
Feeder Cattle Futures Market News and Commentary
Live cattle futures saw gains of 27 cents to $1.67 across most contracts, with August holding for a $2.65 gain this week. Cash trade was picked up at $230-231 across the country this week. Feeder cattle futures saw strength on Friday with contracts $1.17 to $2.97 across the board, with August 62 cents lower since last Friday. CME Feeder Cattle Index was down another $1.07 on July 23 to $349.65.
A Wall Street Journal report late in the day indicated the US plants to resume imports of Mexican cattle in 30 days at the Douglas, AZ port of entry and two additional ports in NM at a later time.Â
Cattle on Feed data report showed placements in June down 2.91% from last year at 1.399 million head. Marketings were seen 2.69% lower yr/yr to 1.661 million head. July 1 on feed data was up 2.21% vs. 2025 at 11.37 million head. A breakdown between steers and heifers showed 4.25 million heifers on feed, which is 37.38% of the total and the lowest ratio for July since 2018. Bi-annual Cat... Read more
Barchart · Fri Jul 24, 5:12PM CDT
Lean hog futures held higher on Friday, with contracts 12 to 70 cents higher at the close, with August $1.20 higher on the week. USDA’s national base...
Barchart · Fri Jul 24, 5:12PM CDT
Live cattle futures saw gains of 27 cents to $1.67 across most contracts, with August holding for a $2.65 gain this week. Cash trade was picked up at $230-231...
Walsh Trading · Fri Jul 24, 4:42PM CDT
Cattle futures markets end week on a positive note
Swift Trading Company · Fri Jul 24, 4:03PM CDT
Written by Chris Winward
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