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Barchart
Barchart
Austin Schroeder

Cattle Showing Gains at Midday

ARE Live Cattle Fed Cattle Exchange Feeder Cattle

Live cattle futures are trading with $1.80 to $1.90 gains at midday. Cash trade has been mostly $372 dressed as well as a few live sales of $235-236. The Thursday morning Fed Cattle Exchange online auction showed sales of $235.50 on 447 of the 1,656 head offered, with other bids of $231-235. Feeder cattle futures are up 30 to 60 cents so far on Thursday. The CME Feeder Cattle Index was down another 97 cents to $364.80 on March 10.

Export Sales data showed a total of 25,443 MT of beef sold in the week ending on March 5, which was the largest sales total since February 2023. Shipments were the lowest for the calendar year at 11,427 MT.

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