Cattle Rally on Monday

Live cattle futures saw contracts rally $2.15 to $3.05 across the board on the session. A bounce back in equities helped, along with an announcement from Tyson. Cash trade last week was $218 in the South, with the North mostly at $216-218. Feeder cattle futures rallied $5.40 to $6.35 across the board on Monday. The CME Feeder Cattle Index was back down $4.56 on November 6 to $332.85. The Monday OKC feeder cattle auction had an estimated 5,500 head for sale, with feeders steady and calves $10-20 higher on steers and $5-15 on heifers. 

Tyson announced they are restoring the second shift at their Amarillo plant, with it being fully operational in the Summer of 2027.

Wholesale Boxed Beef prices were higher in the Monday afternoon report, with the Chc/Sel at $9.01. Choice boxes were up $1.95 to $362.74, with Select 17 cents higher at $353.73. USDA estimated Federally inspected cattle slaughter for Monday at 107,000 head. That was up 3,000 head from the week prior but down 5,527 head from the same week last year. 

Dec 26 Live Cattle  closed at $216.200, up $2.150,

Feb 27 Live Cattle  closed at $220.100, up $2.900,

Apr 27 Live Cattle  closed at $222.900, up $3.050,

Nov 26 Feeder Cattle  closed at $328.350, up $6.025,

Jan 27 Feeder Cattle  closed at $324.175, up $5.800,

Mar 27 Feeder Cattle  closed at $320.200, up $6.350,

On the date of publication, Austin Schroeder did not directly have a position 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.