
Live cattle futures saw contracts steady to 75 cents in the red across most months on Wednesday. The Wednesday morning Fed Cattle Exchange showed no sales on the 2,552 head listed, with a few bids of $232. 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 posted losses of $1 to $2.05 across most front months on Wednesday. The CME Feeder Cattle Index was back up 62 cents at $364.71 on September 30.
USDA Wholesale Boxed Beef prices were lower on Wednesday afternoon, with the Chc/Sel spread narrowing to $21.58. Choice boxes were down $2.56 at $368.47, while Select was 36 cents lower to $346.89. USDA federally inspected cattle slaughter for Wednesday was estimated at 115,000 head, with the weekly total at 348,000 head. That was 3,000 head below last week but 21,142 head below the same week in 2024.
Oct 25 Live Cattle closed at $231.100, down $0.750,
Dec 25 Live Cattle closed at $234.500, down $0.275,
Feb 26 Live Cattle closed at $237.175, down $0.000,
Oct 25 Feeder Cattle closed at $358.975, down $2.050,
Nov 25 Feeder Cattle closed at $357.600, down $1.750,
Jan 26 Feeder Cattle closed at $352.025, down $1.025,