Live cattle futures fell modestly on Tuesday, closing at $1.90 per cWT after slipping $1.42 from the prior session’s level of $1.92. Open interest dropped by 8,019 contracts during Tuesday’s trading, reflecting reduced speculation compared to the previous week when sales rose $1–6 percent to $222–$225 in volume. Despite this cooling, cash trades remained suspended for the day ahead.
Feeder cattle futures experienced relatively deeper pressure, slumping $2.80 to $4 per contract on Tuesday. The CME Feeder Cattle Index edged down further, retreating 13 centses on September 14 to settle at $341.58. The weekly Oklahoma City feeder cattle auction saw 5,198 heads transacted, with steers gaining $15–25 basis points and heifers climbing $10–20 within the session.
Boxed beef wholesale prices advanced on Tuesday’s closing scan, now anchoring at $19.72 for both Chicago Board Livestock Exchange (Chc) and Spot (Sel) markets. Choice-enduring categories rose 77 cents to $376.08, while select grades improved $1.81 to $356.36. USDA estimates indicated a strong federal inspected slaughter total of 108,000 head for Tuesday, bringing the combined week’s tally to 211,000—well above the preceding week thanks to holiday activity but still 21,182 fewer corps that week compared to the same period last year.
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