Live cattle futures are trading with midday losses of 97 cents to $1.90. The Thursday Fed Cattle online auction showed no sales on the 1,466 head offered, with bids at $254. Cash trade has been slow this week. Feeder cattle futures are down 50 cents to $1.25 so far at Thursday’s midday. The CME Feeder Cattle Index was up 2 cents on June 16 to $364.02. The market will round out the week today, with Friday off in observance of Juneteenth.
USDA will release Cattle on Feed data later today, as traders are looking for May placements to be down 5.5% from a year ago. Marketings are seen down 10.6% compared to 2025. June 1 on feed is expected to total 2.5% larger than the same period last year.
