Live cattle futures gained on Wednesday, rising 77 cents to close at $1.07 per contract, though some contracts remained more than $1 below the session’s high. Cash trade data were not reported for the week. The Fed Cattle Exchange online auction on Wednesday offered 1,800 head for sale but recorded no transactions, receiving only a handful of bids ranging from $224 to $224.50 for live animals and $349 for dressed cattle. Feeder cattle futures also advanced, climbing $1.92 to $3.70 per contract, while the CME Feeder Cattle Index slipped $1.29 to $342.16 as of October 19.
Wholesale boxed beef prices declined in the Wednesday afternoon report, with the choice‑select spread at $17.25. Choice boxes fell 71 cents to $372.59, while select boxes dropped $6.20 to $355.34. The USDA estimated that 110,000 head of federally inspected cattle were slaughtered on Wednesday, bringing the cumulative weekly total to 327,000 head—1,000 head higher than the previous week and 469 head more than the comparable week last year.
On October 26, live cattle futures closed at $230.425, up $0.975.
On December 26, live cattle futures settled at $231.125, up $0.950.
On February 27, live cattle futures closed at $233.825, up $0.725.
On October 26, feeder cattle futures closed at $347.825, up $1.925.
On November 26, feeder cattle futures closed at $348.825, up $2.525.
On January 27, feeder cattle futures closed at $345.825, up $3.200.
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