Cattle Futures Rise, But Physical Market Slows

Live cattle futures ended positively, with gains ranging from forty-seven cents to one dollar and ten cents, but cash trade remained quiet. Feeder cattle futures continued their rally, with the CME Feeder Cattle Index jumping by five dollars and forty-two cents. Wholesale beef prices were mixed, with the Choice-Select spread narrowing. Slaughter numbers decreased, with one hundred seventeen thousand cattle processed on Wednesday, a drop from last week and last year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.