Live Cattle Futures Surge, Boxed Beef Prices Rise
Update: 2026-01-02
Description
Live cattle futures surge, with gains ranging from $3.10 to $3.75 at midday on Friday, as cash trades pick up in the north at $232 and southern bids remain steady around $228-$229. Feeder cattle futures also rise, with increases from $5.37 to $7.10. The CME Feeder Cattle Index climbs by $2.10 to $348.65 on December 31st. Speculators add 3,565 contracts to their net long position in live cattle, now at 94,868 contracts. Boxed beef prices also rise, with Choice boxes up $1.25 to $348.70 and Select jumping $4.56 to $346.94. Slaughter numbers show steady demand, with federally inspected cattle at 85,000 head on Wednesday. Key contracts see significant gains, with February live cattle up $3.75 to $235.35, April up $3.30 to $235.50, and June up $3.10 to $229.875. Feeders also see strong gains, with January up $5.37 to $355.625. Checkout Solipillow.com
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