Live Cattle Futures Decline Amid Sluggish Cash Trade

Live cattle futures fell on Wednesday, losing between 90 cents and $1.05. This week, cash trade remained slow. The Fed Cattle Exchange online auction on Wednesday displayed no sales out of 1,546 head offered, with bids between $215 and $220. Feeder cattle futures also experienced declines, dropping $2.15 to $2.35. The CME Feeder Cattle Index decreased by 16 cents on May 26, averaging $296.09.

The USDA’s National Wholesale Boxed Beef report indicated a rise on Wednesday morning, with the Chc/Sel spread at $13.82. Choice boxes increased by $2.92 to $364.77, while Select boxes were up 12 cents to $350.95 per cwt. The USDA reported a federally inspected cattle slaughter of 114,000 head for Tuesday, bringing the weekly total to 116,000 head, down 10,121 head compared to the same holiday week last year.

Jun 25 Live Cattle are at $214.10, down $1.025.
Aug 25 Live Cattle are at $208.25, down $1.050.
Oct 25 Live Cattle are at $206.18, down $0.90.
Aug 25 Feeder Cattle are at $296.00, down $2.15.
Sep 25 Feeder Cattle are at $294.90, down $2.35.
Oct 25 Feeder Cattle are at $293.00, down $2.35.

On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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