Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Austin Schroeder

Cattle Rally into the Weekend, as Cash Firms

Live cattle futures caught some strength on Friday, with contracts up $1.10 to $1.65 at the close. December was up $1.30 on the week. USDA reported northern dressed sales at $350-355 and $222-227 live. Southern sales were reported at $228. The Friday morning Fed Cattle Exchange online auction showed sales of $228-228.50 on 571 of the 2,596 head offered, with a few $224-228.50 bids. Feeder cattle futures ended Friday with mixed action, as most contracts were 25 cents to $1.70 higher and November down a nickel, both on Friday and the week. The CME Feeder Cattle Index was another 90 cents higher on October 15 to $343.54.

Friday’s Commitment of Traders report from CFTC showed managed money trimming 2,172 contracts from their net long in live cattle futures and options in the week of 10/13, taking it to 47,748 contracts. In feeder cattle futures and options, specs added a modest 65 contracts to their net long as of Tuesday at 8,852 contracts.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.