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Cattle futures closed higher Monday, buoyed by last week’s stronger cash fed cattle prices and the friendly Cattle inventory report (see below). Toward the close, Live Cattle futures were an average of $2.72 higher.  Feeder Cattle futures were an average of $4.67 higher. Negotiated cash fed cattle trade was inactive on light demand in [...]

Cattle futures closed lower at the end of a volatile session Friday. Although cash fed cattle prices improved, wariness remained ahead of the semiannual Cattle inventory report (see below), while traders squared books for end of the week and month. Live Cattle futures were an average of $2.11 lower (47¢ to $2.57 lower), except [...]

Cattle futures eased mostly lower Thursday with likely profit taking, the lack of direction in weekly cash fed cattle trade and positioning ahead of USDA’s Cattle report due to be published on Friday. Toward the close, Live Cattle futures were an average of $1.o5 lower. Feeder Cattle futures were an average of $1.27 lower, [...]

Cattle futures were higher Wednesday, helped by early cash fed cattle bids on the upper end of last week’s range. Toward the close, Live Cattle futures were an average of $1.10 higher. Feeder Cattle futures were an average of $2.93 higher. Negotiated cash fed cattle trade was mostly inactive on light demand in all [...]

Cattle futures meandered Tuesday, awaiting weekly cash direction. Toward the close, Live Cattle futures were an average of 24¢ lower, except for an average of 2¢ higher in the back two contracts. Feeder Cattle futures were narrowly mixed, from an average of 29¢ lower in five contracts to an average of 19¢ higher. Negotiated [...]

Last week’s stronger cash fed cattle prices helped Cattle futures continue higher on Monday. Toward the close, Live Cattle futures were an average of $1.10 higher.  Feeder Cattle futures were an average of $2.35 higher Negotiated cash fed cattle trade was mostly inactive on light to moderate demand in all cattle feeding regions through [...]

Cattle futures closed higher Friday with stronger negotiated cash fed cattle prices and wholesale beef values’ continued gains. Reaction to the latest Cattle on Feed report could vary (see below). Live Cattle futures were an average of $1.18 higher (67¢ higher toward the back to $2.52 higher in spot Feb). Feeder Cattle futures were [...]

Cattle futures were narrowly mixed Friday, awaiting the week’s cash fed cattle direction and likely positioning ahead of Friday’s monthly Cattle on Feed report. Toward the close, Live Cattle futures were an average of 18¢ lower, except for unchanged to an average of 3¢ higher in three contracts.  Feeder Cattle futures were an average [...]

Cattle futures continued higher Wednesday, supported by more bullish outside markets, recently higher wholesale beef values and likely positioning ahead of Friday’s monthly Cattle on Feed report, which many expect to be bullish. Estimates ahead of the report see December placement down about 5%, December marketings about 2% more due to an extra marketing [...]

Cattle futures firmed Tuesday and regained some of the steep losses from the previous session, which was tied to the unfounded rumor of New World screwworm in the U.S. Gains to start the week were likely limited to bearish outside markets (see below). Toward the close, Live Cattle futures were an average of $1.17 [...]

Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Monday afternoon. Last week, FOB live prices were $233/cwt. in Kansas, mostly $233 in Nebraska and mostly $232 in the western Corn Belt. Dressed delivered prices were mostly $365 in Nebraska and $363-$365 in the western Corn [...]

Cattle futures closed lower Friday with likely technical selling and profit taking ahead of the three-day weekend magnified by confirmation of more cases of New World screwworm (NWS) near the Texas border and an unconfirmed rumor of a case discovered on this side of the U.S. border. Live Cattle futures closed an average of [...]

Cattle futures resumed higher Thursday. Toward the close, Live Cattle futures were an average of $1.62 higher. Feeder Cattle futures were an average of $3.76 higher. Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service. Last week, FOB [...]

Cattle futures softened Wednesday ahead of the week’s negotiated cash fed cattle trade. Toward the close, Live Cattle futures were an average of $1.28 lower.  Feeder Cattle futures were an average of $2.17 lower. Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Wednesday afternoon, according [...]

Cattle futures closed strongly higher Tuesday. Support included the sharp decrease in Corn futures, higher wholesale beef values and increasing optimism about higher cash fed cattle prices this week. Toward the close, Live Cattle futures were an average of $2.36 higher.  Feeder Cattle futures were an average of $5.42 higher. Negotiated cash fed cattle [...]