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Austin Schroeder

Cattle Look to Round Out the Week Following Weakness

Live cattle futures fell back 57 cents to $1.22 on the Thursday session. Preliminary open interest suggested some long liquidation, down 2,295 contracts. The Thursday morning Fed Cattle Exchange showed no sales on the 2,552 head listed, with a few bids of $230-231.50. Outside of that, there has been some light cash trade at $230 in the North, down $2-5 from last week. Dressed trade was reported at $360. Feeder cattle futures were under pressure on Thursday, with contracts falling $4.65 to $5.20 in the front months. OI was down 566 contracts on the day. The CME Feeder Cattle Index was back down $3.08 at $361.63 on October 1. 

USDA Wholesale Boxed Beef prices continued lower on Thursday afternoon, with the Chc/Sel spread narrowing to $19.82. Choice boxes were down $5.25 at $363.22, while Select was $3.49 lower to $343.40. USDA federally inspected cattle slaughter for Thursday was estimated at 113,000 head, with the weekly total at 461,000 head. That was 5,000 head below last week and 30,285 head below the same week in 2024.

 

Oct 25 Live Cattle  closed at $230.525, down $0.575,

Dec 25 Live Cattle  closed at $233.475, down $1.025,

Feb 26 Live Cattle  closed at $235.950, down $1.225,

Oct 25 Feeder Cattle  closed at $354.300, down $4.675,

Nov 25 Feeder Cattle  closed at $352.400, down $5.200,

Jan 26 Feeder Cattle  closed at $347.175, down $4.850,

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