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CME feeder cattle futures settled higher on Friday, with August feeders up 0.6 cents at 300.375 cents per pound, supported by a strong cash cattle trade. Boxed beef Choice cuts rose $0.58 to $361.55 per cwt, and the USDA Cattle on Feed report showed fewer May cattle on feed than expected but more April cattle.
Firm cash cattle and boxed beef prices support feeder and fed cattle values heading into the holiday weekend. The mixed Cattle on Feed numbers left the market's direction largely unchanged.
tradingview.comMay 23, 2025Not 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.
