Live cattle futures are down $1.30 to $2.17 so far at midday. 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 are collapsing $5.47 to $6.20 so far at midday. The CME Feeder Cattle Index was back up 62 cents at $364.71 on September 30.Â
USDA Wholesale Boxed Beef prices were lower on Thursday morning, with the Chc/Sel spread narrowing to $18.57. Choice boxes were down $5.37 at $363.10, while Select was $2.36 lower to $344.53. USDA federally inspected cattle slaughter for Wednesday was estimated at 115,000 head, with the weekly total at 348,000 head. That was 3,000 head below last week but 21,142 head below the same week in 2024.
Oct 25 Live Cattle  are at $229.800, down $1.300,
Dec 25 Live Cattle  are at $232.650, down $1.850,
Feb 26 Live Cattle  are at $235.000, down $2.175,
Oct 25 Feeder Cattle  are at $353.500, down $5.475
Nov 25 Feeder Cattle  are at $351.425, down $6.175
Jan 26 Feeder Cattle  are at $346.075, down $5.950
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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