Live Cattle Futures Decline as Market Adjusts

Dips in Live and Feeder Cattle Mark Start of the Week

Live cattle futures wrapped up Monday with losses ranging from 45 to 97 cents. Last week, cash trades were reported between $189 and $190. This week is focused on gathering showlists. Meanwhile, feeder cattle futures saw a decline on Monday, with contracts down 52 cents to $1.25. As of November 1, the CME Feeder Cattle Index increased by 2 cents, reaching $251.

The USDA reported a rise in wholesale Boxed Beef prices in its afternoon update on Monday. Choice boxes climbed 57 cents to $318.03 per hundredweight, while Select boxes rose by $2.13 to $287.16. The spread between Choice and Select narrowed to $29.75. Additionally, the USDA estimated that Monday’s federally inspected cattle slaughter totaled 120,000 head. This figure is 1,000 head lower than the previous Monday and down 2,687 head compared to the same Monday last year.

Dec 24 Live Cattle closed at $185.075, down $0.850.

Feb 25 Live Cattle closed at $185.925, down $0.975.

Apr 25 Live Cattle closed at $186.875, down $0.825.

Nov 24 Feeder Cattle closed at $246.350, down $0.525.

Jan 25 Feeder Cattle closed at $242.425, down $0.775.

Mar 25 Feeder Cattle closed at $240.250, down $0.900.

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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