$5 Losses for Cattle Trade

two cows on green pasture

Live cattle fell sharply on Wednesday with losses of over 3% for Feb. The other front months were $3.10 to $4.82 in the red at the settle. The cash market was shown at $171, which was $3-$4 weaker than last week. Feeders closed the futures trading session with 2.5% losses of $4.55 to $5.72. The 12/05 CME Feeder Cattle Index was $224.23, another 45 cent increase. 

Census data had October beef exports listed at 241.5 million lbs. That is above the 2.31.5 million lb export for September, but is down 20% from the same month last year. The season’s total was shown at 2.556 billion lbs, compared to 3 billion last year. 

USDA’s Wholesale Boxed Beef price report showed mixed quotes, as Choice continued lower with another $3.19 drop while Select bounced by 77 cents. The federally inspected cattle slaughter for the week reached 376k head through Wednesday. That is a 3k head increase from the week prior, but is down 2k head from the same week last year.


Dec 23 Cattle  closed at $163.450, down $5.050,

Feb 24 Cattle  closed at $163.550, down $5.425,

Apr 24 Cattle  closed at $166.675, down $4.825,

Jan 24 Feeder Cattle  closed at $210.150, down $4.550

Mar 24 Feeder Cattle  closed at $211.750, down $5.725

On the date of publication, Alan Brugler 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.