Cattle Post Rebound on Wednesday
Update: 2025-10-30
Description
**Summary:**The cattle markets experienced significant shifts on October 30th, with live cattle futures surging by four to five dollars and feeder cattle futures jumping as much as ten dollars. Despite a soft start to the week, cash trade eventually stabilized around the two twenty-eight to two thirty range. Feeder cattle futures also saw a notable rally, with the October contract up three seventy-seven and other upcoming contracts gaining between eight fifty and ten dollars. The CME Feeder Cattle Index fell over three and a half dollars to three hundred fifty-six sixty-two. Price limits will return to normal on Thursday, following recent volatility. The Mexican agriculture minister's statement about the lack of agreement on reopening the southern border for cattle imports is a factor to watch, as it could impact supply and demand, and consequently, prices. Wholesale boxed beef prices rose, with the choice and select spread at nineteen fifty-nine. Cattle slaughter was at one hundred nineteen thousand head on Tuesday, with the total for the week reaching three hundred forty-three thousand, sixteen thousand above last week but still almost twenty-eight thousand below the same point last year. Traders are closely monitoring price limits, supply news, and official reports as the market continues to evolve.
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