Live cattle futures rose by 12 cents in June contracts, despite other contracts falling by 30 to 40 cents. Cash trade for cattle in the South was mainly between $260-$265 last week, while northern trade ranged from $408-$415 dressed to up to $265 live. The CME Feeder Cattle Index decreased by $3.14 to $370.09 on May 14. Meanwhile, managed money reduced their net long positions in live cattle by 11,079 contracts to a total of 130,886.
In a significant trade development, China has renewed export licenses for over 400 U.S. beef plants that had previously expired. According to a White House fact sheet, China is committed to purchasing a minimum of $17 billion annually in U.S. agricultural products from 2026 to 2028, in addition to existing soybean commitments. The USDA reported that federally inspected cattle slaughter last week was at 53,500 head, an increase of 8,000 from the prior week but 31,109 below the same week last year.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
