Live cattle futures are falling lower on Tuesday, with contracts down 45 cents to $1 at midday The cash market has been quiet to start the week. Last week’s cash movement was up $7-8 to $210 in the South and $212-216 in the North.
Feeder cattle futures are mostly lower, with contracts $1.90 to $2.50 lower and March up a tick. The CME Feeder Cattle Index was back down 79 cents on March 21, with the average price at $286.99. The Monday OKC feeder cattle auction had 6,191 head for sale, selling up $4-8 wk/wk for steers, and heifers $3 to $12 higher.
Commodity Bulletin: From crude oil to coffee, this FREE newsletter is for industry pros and rookies alike
Tuesday morning’s National Wholesale Boxed Beef report from USDA was higher, as the Chc/Sel widened back out to $20.34. Choice boxes were up $6.93 to $334.03/cwt, with Select 11 cents higher at $313.69. Monday’s Federally inspected cattle slaughter was estimated at 119,000 head by USDA. That is 5,000 head above the previous Monday and up 1,826 head from the same Monday last year.
Apr 25 Live Cattle are at $205.425, down $0.475,
Jun 25 Live Cattle are at $201.500, down $0.650,
Aug 25 Live Cattle are at $198.050, down $1.000,
Mar 25 Feeder Cattle are at $286.625, up $0.025
Apr 25 Feeder Cattle are at $283.350, down $1.900
May 25 Feeder Cattle are at $282.525, down $2.325
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.
More news from Barchart
- Hog Futures Market Is Buffeted by U.S. Pork Export Concerns. Can Bullish Domestic Fundamentals Save the Day?
- If June Live Cattle Futures Cross Below $200, Watch These Levels Next
- Cattle Market Bulls May Be on Borrowed Time. Here’s How to Play Cattle Futures Now.
- Livestock Futures Hit Hard by Trump’s New Tariffs. Why Markets Are Likely Overreacting.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
