Cattle Futures Gain, Cash Trade Slow

Live cattle futures surge, gaining between $1.50 and $2 by midday, following a quiet cash trade week. Feeder cattle futures also rise, with contracts climbing $3 to $4.52 higher. The CME Feeder Cattle Index jumps $5.42 to $337.78. Beef exports see a four-week high in sales but an eight-week low in shipments. Wholesale boxed beef prices fluctuate, with Choice boxes down $0.78 and Select boxes up $3.22. Federally inspected cattle slaughter totals 117,000 head, 15,000 less than last week and 12,727 less than the same week last year. Despite mixed signals, the cattle market shows positive momentum in futures.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.