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Barchart
Barchart
Austin Schroeder

Cattle Falling Back on Thursday

ARE Live Cattle Fed Cattle Exchange Feeder Cattle USDA

Live cattle futures are down 90 cents to $1.15 at midday. Open interest was up 1,066 contracts on Wednesday. Cash trade has yet to get kicked off this week, with $232 bids on Thursday. The Thursday Fed Cattle Exchange online auction showed bids of $232 to $233.50 but no sales on the 1,510 head. Feeder cattle futures  are up $1 in expiring January, with other contracts down 25 cents to $1.The CME Feeder Cattle Index was back down $0.74 to $363.99 on January 27.

Export Sales data showed 16,893 MT of beef sold in the week of 1/22, the largest since November. Beef shipments were 12,574 MT in that week.

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