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Austin Schroeder

Cattle Rallying Ahead of Cattle on Feed Report as Cash Drives Strength

ARE Feeder Cattle Live Cattle Fed Cattle Exchange USDA

Live cattle futures are up $1.70 to $2.42 so far on Friday. Cash trade has seen a few cattle exchange hands at $233-234 live, with $365 dressed. The Wednesday Fed Cattle Exchange online auction showed sales on 494 the 1,228 head at $234-236.50 and $365 dressed. Feeder cattle futures are 57 cents to $1.575 in the green. The CME Feeder Cattle Index was down $2.18 to $365.23 on January 21.

Beef export sales in the week ending on January 15 were tallied at 15,488 MT, according to USDA this morning. Export shipments were 15,855 MT in that week.

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