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Austin Schroeder

Cattle Fade Back Lower on Wednesday

Live Cattle Fed Cattle Exchange Feeder Cattle

Live cattle futures saw Wednesday weakness with contracts down 20 to 95 cents at the close. Cash trade has yet to get kicked off this week. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,024 head offered, as bids were $233-235 live and $369 in the beef. Feeder cattle futures were up $1.57 in the March contract, which expires on Thursday, with other contracts down 65 cents to $1.77. The CME Feeder Cattle Index was up 19 cents to $361.78 on March 24. 

Cold Storage data was out on Tuesday afternoon, with 413.34 million lbs of beef stocks on February 28, the lowest since 2014.

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