Cattle Rallies on Wednesday, with April Back Above $200

Austin Schroeder Barchart Wed Mar 12, 5:20PM CDT
Closeup of cows eating in barn by dusanpetkovic via iStock

Live cattle futures were in rally mode on Wednesday, as contracts were up $1.27 to $1.85. Cash trade has been quiet so far this week, with a few light sales of $200 in KS to start out on Wednesday. Feeder cattle posted gains of $2.75 to $3.025 at the Wednesday close. The CME Feeder Cattle Index was back up $2.17 on March 11, with the average price at $278.71. 

The Wednesday afternoon National Wholesale Boxed Beef prices were mixed, with the Chc/Sel narrowing back down to $13.57. Choice boxes were down a dime at $321.10/cwt, with Select 67 cents higher at $307.53. Wednesday’s Federally inspected cattle slaughter was estimated at 123,000 head by the USDA, taking the weekly total to 362,000 head. That is 17,000 head above the previous week and 12,422 larger than the same week last year.

Apr 25 Live Cattle  closed at $201.400, up $1.850,

Jun 25 Live Cattle  closed at $197.875, up $1.625,

Aug 25 Live Cattle  closed at $195.550, up $1.275,

Mar 25 Feeder Cattle  closed at $280.250, up $2.750,

Apr 25 Feeder Cattle  closed at $280.725, up $3.025,

May 25 Feeder Cattle  closed at $281.875, up $2.925,


On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.