Live Cattle Futures Surge, Feeder Cattle Gain

Live cattle futures surged, with most front months gaining one dollar and forty-five cents, while feeder cattle futures closed with solid gains. Managed money funds reduced their net long position in both live and feeder cattle futures. USDA Wholesale Boxed Beef prices dropped, with Choice boxes decreasing by one dollar and sixty-eight cents. Federally inspected cattle slaughter totaled three hundred sixty-one thousand head, seven thousand head higher than last week but still below the same week last year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.