Live Cattle and Feeder Cattle Futures Show Significant Gains

Live cattle futures increased by $1.55 to $2.05 today. Cash sales in the South ranged from $221 to $222, while North bids reached $231 on Wednesday. The Fed Cattle Exchange online auction on Thursday reported sales between $222 and $225.50 for 773 of the 1,546 head offered. Similarly, feeder cattle futures rebounded, gaining $4.10 to $4.20. The CME Feeder Cattle Index decreased by 25 cents to an average of $295.84 on May 27.

On Wednesday, a Federal trade court deemed former President Trump’s tariffs illegal, asserting he overstepped his authority. The court granted a 10-day deadline for the President to halt the tariffs, while the White House is in the process of appealing this decision.

USDA’s National Wholesale Boxed Beef report indicated higher prices on Thursday. The choice/select spread stood at $13.74. Choice boxed beef rose by $1.25 to $366.67, while Select increased by $1.19 to $352.93 per cwt. The USDA reported a federally inspected cattle slaughter of 119,000 head on Wednesday, bringing the weekly total to 235,000 head, down by 15,266 head from the same holiday week last year.

June 25 Live Cattle: $215.475, up $1.550

August 25 Live Cattle: $210.125, up $1.950

October 25 Live Cattle: $208.125, up $2.050

August 25 Feeder Cattle: $299.800, up $4.175

September 25 Feeder Cattle: $298.675, up $4.200

October 25 Feeder Cattle: $296.625, up $4.100

On the date of publication, Austin Schroeder did not hold any positions in the securities mentioned. All information is for informational purposes only. For more details, please view the Barchart Disclosure Policy.

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