Cattle Popping Higher Out of the Long Weekend

Austin Schroeder Barchart Mon Jul 7, 12:21PM CDT
Closeup of cows eating in barn by dusanpetkovic via iStock

Live cattle futures are $1.82 to $2.10 higher so far on Monday. Cash trade showed sales of $230-232 in the North, with sales of $222-224 in the South creeping to $225 late in the week. Feeder cattle futures are up $4.10 to $4.30 so far on the Monday session. The CME Feeder Cattle Index was down $2.27 to $311.83 on July 2.

USDA Wholesale Boxed Beef prices were higher in the Monday AM report, with the Chc/Sel spread narrowing to $9.99. Choice boxes were up $1.25 to $391.00 while Select was quoted $2.57 higher at $381.01/cwt. 

Aug 25 Live Cattle  are at $215.875, up $1.825,

Oct 25 Live Cattle  are at $213.000, up $2.100,

Dec 25 Live Cattle  are at $213.325, up $2.075,

Aug 25 Feeder Cattle  are at $313.775, up $4.275

Sep 25 Feeder Cattle  are at $313.575, up $4.200

Oct 25 Feeder Cattle  are at $311.250, up $4.100


On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions 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.