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Barchart
Barchart
Austin Schroeder

Cattle Posting Thursday Losses

ARE Feeder Cattle Live Cattle Fed Cattle Exchange USDA

Live cattle are falling on Thursday, with contracts down $3.20 to $4.05. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,602 head offered, with bids of $235-236. Cash movement has been quiet. Feeder cattle futures are down $4.32 to $5.02 in the front months on the day. The CME Feeder Cattle Index was back down 44 cents to $374.57 on February 3. 

Late on Wednesday, workers at the Greeley, CO JBS plant (~5,000 hd/day) voted to authorize a strike, though they did not give specifics on a timeline of when said strike would begin.

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