Cattle Faces Weakness on Thursday

Dwell cattle futures slipped again 57 cents to $1.22 on the Thursday session. The Thursday morning Fed Cattle Change confirmed no gross sales on the two,552 head listed, with a couple of bids of $230-231.50. Exterior of that, there was some mild money commerce at $230 within the North, down $2-5 from final week. Dressed commerce was reported at $360. Feeder cattle futures had been beneath stress on Thursday, with contracts falling $4.65 to $5.20 within the entrance months. The CME Feeder Cattle Index was again down $3.08 at $361.63 on October 1. 

USDA Wholesale Boxed Beef costs continued decrease on Thursday afternoon, with the Chc/Sel unfold narrowing to $19.82. Selection bins had been down $5.25 at $363.22, whereas Choose was $3.49 decrease to $343.40. USDA federally inspected cattle slaughter for Thursday was estimated at 113,000 head, with the weekly complete at 461,000 head. That was 5,000 head under final week and 30,285 head under the identical week in 2024.

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Oct 25 Dwell Cattle  closed at $230.525, down $0.575,

Dec 25 Dwell Cattle  closed at $233.475, down $1.025,

Feb 26 Dwell Cattle  closed at $235.950, down $1.225,

Oct 25 Feeder Cattle  closed at $354.300, down $4.675,

Nov 25 Feeder Cattle  closed at $352.400, down $5.200,

Jan 26 Feeder Cattle  closed at $347.175, down $4.850,

On the date of publication,

Austin Schroeder

didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions.

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