Live cattle futures saw $1.67 to $1.95 gains at the Monday close. Preliminary open interest was up 4,462 contracts on Monday, suggesting new buying interest. Cash trade on Friday saw KS at $230-231 and $240-242 northern action. Feeder cattle futures were up $3.50 to $3.70 on the session. The CME Feeder Cattle Index was back up $3.52 to $325.80 on July 18. Monday’s OKC feeder cattle online auction showed 4,500 head sold, with prices listed $4-8 higher. Feeder heifers were listed steady to $3 lower, with calves up $5-10.
USDA Wholesale Boxed Beef prices were mixed in the Monday PM report. Choice boxes were quoted $1.48 lower at $372.07, while Select was down $1.44 at $350.05. USDA estimated cattle slaughter for Monday at 105,000 head. That was down 7,000 head from last week and 8,887 head lower vs. the same week in 2024.
Aug 25 Live Cattle closed at $225.225, up $1.675,
Oct 25 Live Cattle closed at $221.625, up $1.800,
Dec 25 Live Cattle closed at $221.750, up $1.950,
Aug 25 Feeder Cattle closed at $327.600, up $3.600,
Sep 25 Feeder Cattle closed at $327.700, up $3.500,
Oct 25 Feeder Cattle closed at $325.975, up $3.675,
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.
