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Barchart
Barchart
Alan Brugler

FORGOTTEN HISTORY: Triple digit strength for cattle futures at midday - Caught on Camera

The cattle futures market is currently $0.77 to $1.52 higher on Thursday. Feeders are also up by $0.82 to $1.80 so far. CME has no deliveries listed through Wednesday with the oldest dated long at 4/18/23. There were no cash trades through Tuesday, from the $176-$179 sales last week. Feeder cattle futures closed 42 cents to 55 cents lower on the day, though March was down by $1.12. The CME Feeder Cattle Index for 2/5 was a dime stronger at $239.58.  

 

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