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Barchart
Austin Schroeder

Cattle Falling as the Beef Pressure Continues

ARE Live Cattle Central Stockyards Fed Cattle Exchange Feeder Cattle USDA

Live cattle futures are down $2.30 to 2.80 across the front months at midday. Cash trade has yet to get kicked off this week. A few Southern bids are being reported at $23 so far on Wednesday. This morning’s Fed Cattle Exchange online auction from Central Stockyards saw no sales on the 1,250 head offered, with bids at $230-235.  Feeder cattle futures are down $3.60 to $5.30 at midday. The CME Feeder Cattle Index was down 52 cents at $361.63 on September 15. 

USDA will release their Cattle on Feed report on Friday, with August Placements seen down 9% and markets expected to be 12.8% below last year. September 1 on feed data is estimated down 0.9% vs. 2024.

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