Live cattle futures pull off early losses on Friday, with contracts closing down 30 cents to $1.15 higher. October was up 95 cents on the week. Cash trade has picked up a few at $355-360 dressed and $223-227. Feeder cattle futures were down 55 cents in the front month August, and other up a dime to $1.85 on the day, with September falling $5.52 this week. The CME Feeder Cattle Index was down another 85 cents on August 20 to $341.00.
Early this morning President Trump stated the US “will allow up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariffs” for 90 days.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.USDA’s Cattle on Feed report showed July placement dropping 11.01% from a year ago at 1.422 million head, well below estimates. July marketings were down 7.38% to 1.62 million head, in line with expectations. August 1 on feed inventory was up 1.79% to 11.117 million head, short of estimates calling for a 2.4% increase.
Commitment of Traders data showed managed money trimming another 3,148 contracts from their net long in live cattle futures and options to 61,514 contracts as of Tuesday. In feeder cattle futures and options specs cut back 1,240 contracts from their net long of 7,498 contracts in the week of August 18.
Wholesale Boxed Beef prices were lower in the Friday PM report, with the Chc/Sel narrowing to $24.37. Choice boxes were down $4.24 at $385.69, with Select $2.42 lower to $361.32. USDA estimated this week’s Federally inspected cattle slaughter at 523,000 head. That is up 6,000 head from the previous week and 32,676 head below the same week last year.
Aug 26 Live Cattle closed at $223.050, down $0.300,
Oct 26 Live Cattle closed at $217.925, down $0.075,
Dec 26 Live Cattle closed at $218.500, up $0.225,
Aug 26 Feeder Cattle closed at $334.750, down $0.550,
Sep 26 Feeder Cattle closed at $329.025, up $0.100,
Oct 26 Feeder Cattle closed at $323.650, up $0.950,
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.- Where Are Cattle Prices Heading After the 2026 Grilling Season Ends?
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