News

Light trade develops in cash cattle country of the US

Frozen Bone-In Beef
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Meat
United States
Market & Price Trends
Published Feb 29, 2024

Tridge summary

Chicago Mercantile Exchange live and feeder cattle futures were sharply lower on technical selling, waiting for widespread direct cash cattle business. April live was down $1.60 at $186.12 and June was $1.40 lower at $182.17. Cash cattle country had some light trade develop on Wednesday in parts of the South at $183, fully steady with last week’s weighted averages. At the Kingsville Livestock Auction in Missouri, the majority of feeder steers sold steady to $5 higher compared to the most recent sale.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Chicago Mercantile Exchange live and feeder cattle futures were sharply lower on technical selling, waiting for widespread direct cash cattle business. April live was down $1.60 at $186.12 and June was $1.40 lower at $182.17. March feeders were $3.40 lower at $249.60 and April was down $3.85 at $255.10. Cash cattle country had some light trade develop on Wednesday in parts of the South at $183, fully steady with last week’s weighted averages. The North has a few live bids on the table but asking prices remain hard to find. At the Kingsville Livestock Auction in Missouri, the majority of feeder steers sold steady to $5 higher compared to the most recent sale. Feeder heifers were steady to $5 lower. USDA says demand was good to very good with most of the offering still being long weaned yearling in attractive condition. Feeder supply included 45% steers and 69% of the offering was over 600 pounds. Medium and Large 1 feeder steers 655 to 691 pounds brought $269.50 to $289. Medium and ...
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