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Barchart
Barchart
Andrew Hecht

Cattle- The Bullish Stampede Continues

COW

In my Q1 2023 Barchart report on animal proteins, I highlighted the rise in live and feeder cattle futures that posted gains in 2022 and Q1 2023. The feeder cattle futures rose 10.08% last year and moved another 9.32% higher in Q1 2023, with the nearby May futures contract settling at $2.05250 per pound on March 31. 

Nearby live cattle futures moved 13.03% higher in 2022 and gained another 6.62% over the first three months of 2023. The June live cattle futures settled at $1.6835 per pound at the end of Q1.

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