Cattle Markets Surge, Feeder Cattle Futures Soar

Cattle markets surged on Friday, with live cattle futures rising significantly and feeder cattle futures experiencing a substantial boost. Despite this, the CME Feeder Cattle Index dropped, indicating mixed signals in the broader market. Export sales data showed a four-week low in new sales but strong shipments, suggesting existing orders are being fulfilled at a good pace. Wholesale boxed beef prices were lower, and the total federally inspected cattle slaughter was significantly fewer than the same holiday week last year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.