Cattle Hit Fresh Lows as Selling Resumes on Wednesday

Live cattle futures continued the liquidation, with contracts down $3.02 to $4.10 across the board. Futures hit fresh 2026 lows on the day. Cash trade saw a few $230-232 sales on Wednesday, though there has not been enough to establish a trend. Wednesday’s Fed Cattle Exchange online auction showed no sales on the 1,530 head, with bids at $230-230.50. Feeder cattle futures faced sharp losses on Wednesday, with contracts own $7.92 to $9.72. CME Feeder Cattle Index was down another $3.10 on July 20 to $353.12. 

Wholesale Boxed Beef prices were weaker in the Wednesday afternoon report. Choice boxes were $3.41 lower at $363.50, with Select down $3.66 to $350.57. USDA’s Federally inspected cattle slaughter for Wednesday was 95,000, with the weekly slaughter at 300,000 head. That is down 24,000 head from the previous week and 35,209 head below the same week last year.

Aug 26 Live Cattle  closed at $223.200, down $3.475,

Oct 26 Live Cattle  closed at $219.200, down $4.025,

Dec 26 Live Cattle  closed at $218.800, down $4.100,

Aug 26 Feeder Cattle  closed at $341.175, down $8.375,

Sep 26 Feeder Cattle  closed at $336.200, down $8.775,

Oct 26 Feeder Cattle  closed at $329.850, down $9.725,

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.