Daily Cattle Market News
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Cattle futures opened higher Monday, supported by the lower July feedlot placements in Friday’s Cattle on Feed report but then turned negative with pressure including last week’s lower negotiated cash fed cattle prices and negative psychology surrounding Monday’s re-opening of the port of entry in Douglas, Ariz., to feeder cattle imports from Mexico. Toward [...]
Cattle futures were able to fade early pressure from President Trump’s announcement to waive tariffs for 90 days on imported beef products for ground beef (see below). Live Cattle futures closed an average of 78¢ higher, except for an average of 19¢ lower in the front two contracts. Feeder Cattle futures closed an average [...]
Cattle futures lost ground Wednesday with pressure including lower early negotiated cash fed cattle prices and surging corn prices. Toward the close, Live Cattle futures were an average of $2.13 lower, except for 5¢ higher and unchanged at the back. Feeder Cattle futures were an average of $4.64 lower. Negotiated cash fed cattle [...]
Cattle futures were mostly higher Tuesday supported by stronger early-week wholesale beef values and perhaps some lift on news that Cargill’s packing facility at Ft. Morgan, Colo., will resume operations. Toward the close, Live Cattle futures were an average of 72¢ higher. Feeder Cattle futures were an average of 80¢ higher, except for 27¢ [...]
Cattle futures tried to firm Monday after last week’s bearish news but were mostly slightly lower. Live Cattle futures were an average of 13¢ lower, except for an average of 48¢ higher in two nearby contracts. Feeder Cattle futures were mixed from an average of 74¢ lower to an average of 34¢ higher. Cattle [...]
Cattle futures continued lower Friday but closed off session lows. Pressure included lower negotiated cash fed cattle prices for the week and response to Tyson’s Thursday announcement that the company was ending operation of its beef packing facility in Joslin, Ill., its case ready facility in Eagle Mountain, Utah and seeking a buyer for [...]
Cattle futures were lower again, pressured by weaker early cash fed cattle prices and perhaps prescience about news from Tyson later in the day that it was shuttering its packing facility in Joslin, Ill., ending production at its case ready facility in Eagle Mountain, Utah and seeking a buyer for its packing facility in [...]
Cattle futures stepped lower Wednesday, pressured in part the continued decline in open interest. Toward the close, Live Cattle futures were an average of $2.48 lower. Feeder Cattle futures were an average of $4.93 lower. Negotiated cash fed cattle trade ranged from light on moderate demand in Nebraska to mostly inactive on light demand [...]
Cattle futures lost some steam Tuesday but were mostly higher. Live Cattle futures were narrowly mixed, from an average of 41¢ lower in the front four contracts to an average of 38¢ higher. Feeder Cattle futures were an average of 64¢ higher, except for 78¢ lower in the front contract. Negotiated cash fed cattle [...]
Cattle futures were mainly higher Friday, helped along by last week’s stronger negotiated cash fed cattle prices. Toward the close, Live Cattle futures an average of $1.23 higher. Feeder Cattle futures were an average of $1.09 higher, except for an average of 98¢ lower in the front two contracts. Negotiated cash fed cattle trade [...]
Cattle futures closed mainly higher Friday, helped along by the week’s stronger negotiated cash fed cattle prices and wholesale beef values. Live Cattle futures closed an average of 64¢ higher (17¢ to $1.40 higher), except for an average of 15¢ lower in two contracts. Feeder Cattle futures closed an average of $2.89 higher. Week [...]
Cattle futures closed lower Thursday, pressured by technical resistance and more negative outside markets, despite stronger cash fed cattle prices. Toward the close, Live Cattle futures an average of $3.45 lower. Feeder Cattle futures were an average of $6.39 lower. Negotiated cash fed cattle trade ranged from moderate on moderate demand in Kansas to [...]
Cattle futures ground higher Wednesday, supported by renewed cash market strength. Toward the close, Live Cattle futures an average of $1.19 higher. Feeder Cattle futures were an average of $2.09 higher, except for 53¢ lower in the back contract. Negotiated cash fed cattle trade was mostly inactive on light demand through Wednesday afternoon, according [...]
