Live cattle futures are trading with Monday gains of $2.55 to $3.40 at midday. Cash trade last week was $218 in the South, with a few creeping in at $215 late, and $214-216 in the North, with $210-212 late sales. Feeder cattle futures are rallying $6.10 to $7 on Monday. The CME Feeder Cattle Index was back down $5.35 on November 5 to $337.41. The Monday OKC feeder cattle auction has an estimated 5,500 head for sale, with early demand noted as moderate to good.
Tyson announced they are restoring the second shift at their Amarillo plant, with it being fully operational in the Summer of 2027.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
The CFTC Commitment of Traders report showed spec traders in live cattle futures and options cutting back 4,325 contracts from their net long to 51,692 contracts. In feeder cattle futures and options, managed money cut back 2,051 contracts from their net long to 11,302 contracts.
Wholesale Boxed Beef prices were mixed in the Monday morning report, with the Chc/Sel at $9.91. Choice boxes were up $1.61 to $362.40, with Select $1.07 lower to $352.49. USDA estimated Federally inspected cattle slaughter for last week at 534,000 head through Saturday. That was down 7,000 head from the week prior and 34,948 head below the same week last year.
Dec 26 Live Cattle are at $216.600, up $2.550,
Feb 27 Live Cattle are at $220.550, up $3.350,
Apr 27 Live Cattle are at $223.250, up $3.400,
Nov 26 Feeder Cattle are at $328.425, up $6.100
Jan 27 Feeder Cattle are at $324.600, up $6.225
Mar 27 Feeder Cattle are at $320.850, up $7.000
On the date of publication, Austin Schroeder did not directly have a position 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.