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CME August live cattle futures settled at 216.825 cents per pound after hitting a contract high, and feeder cattle also set contract highs. Kansas and Texas cash cattle traded as high as $230/cwt, up about $7-8 from the prior week.
USDA choice boxed beef hit a five-year high at $366.85/cwt.
Strong cash cattle prices and packers competing for limited animals push feeder and fed cattle values higher, which raises the cost of finishing cattle and supports demand for feed grains and byproducts used in feedlots.
tradingview.comJun 6, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Contract-high futures, cash trade up $7-8 and five-year-high boxed beef on June 6 signal tight supply and strong demand that pushed prices higher within the window.
