Live cattle futures were back down by 22 to 75 cents across the front months for the midweek session. That has April at a $1.20 drop for the week’s move. Feeder cattle futures were $0.92 to $1.30 weaker across the front months at the close. That has the April contract sitting a net $2.12 weaker for the week’s move. USDA reported some more light action near $183 on Wednesday, though a trend is mostly unestablished for the week. The 3/5 CME Feeder Cattle Index fell 20 cents to $246.90.
Brazil’s Feb beef shipments were 179k MT, which was a 42% increase from Feb ’23.
