Cattle Rally Continues on Friday as Cash is King

By: barchartnews|2025/05/03 06:45:01
0
Share
copy
Live cattle futures were trying to keep up with the booming cash market on Friday, as contracts rallied $1.45 to $2.25. June pushed up $2.85 on the week. Cash trade settled in this week with a $5-6 higher trend across the country. Southern trade was observed at $218, with business up to $222-224 in the North. Feeder cattle futures joined in on the rally, with contracts up $1.70 to $2.70 across most contracts. May was $4.425 higher this week. The CME Feeder Cattle Index was up 28 cents on May 1, with the average price at $296.38. Commitment of Traders data showed live cattle spec funds adding another 8,380 contracts to their net long as of April 29 to a net long of 128,840 contracts. In feeder cattle futures and options, managed money trimmed back 160 contracts from their net long to 27,901 contracts by TuesdayUSDA’s National Wholesale Boxed Beef prices were mixed on Friday afternoon average for, taking the Chc/Sel spread to $17.55. Choice boxes were down 27 cents at $342.90 while Select product as quoted $1.07 higher at $325.35 per hundred pounds. USDA’s Federally inspected cattle slaughter was estimated at 550,000 head this week. That is 5,000 head above the week prior but down 61,527 head from the same week last year.Jun 25 Live Cattle closed at $211.100, up $1.450,Aug 25 Live Cattle closed at $206.775, up $2.125,Oct 25 Live Cattle closed at $204.475, up $2.250,May 25 Feeder Cattle closed at $294.950, up $1.725,Aug 25 Feeder Cattle closed at $296.900, up $2.450,Sep 25 Feeder Cattle closed at $295.550, up $2.700, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

You may also like

Reduced to a hacker's ATM yet standing tall, the theft of Venus reflects the awkwardness of DeFi

After experiencing over $100 million in bad debts in at least four incidents, Venus remains the leading player in the lending sector on the BNB Chain, making it a rare "survivor" in the crypto space.

Under geopolitical conflicts, a policy window has opened. Can Hong Kong seize this wave of RWA opportunities?

The RWA wave sweeps the globe: the scale of on-chain real assets surged fourfold in one year, exceeding 25 billion USD. Hong Kong, backed by the mainland's "going out" policy window, is accelerating the tokenization process of physical assets from entertainment to real estate.

For Web3, this time Cai Wensheng is determined to get his hands dirty

This industry has experienced too many undignified endings; a bull market and a recovery cannot solve the problem. In the end, it will rely on projects that truly succeed and ecosystems that are genuinely established to win a dignified victory for the crypto OGs.

Ethereum Foundation Sets Up a "Dead Man's Switch," Will the Community Buy It?

The Ethereum Foundation's Manifesto Has Torn the Community Apart: Punk Idealism or Disconnect from Reality?

ConversationArthur Hayes: AI Will Spark Financial Crisis, Wait for Central Bank Money Printing Before Buying Bitcoin

「War Means Printing Money, and Printing Money is Good for Bitcoin」

From Power to Chip: How the Average Person Can Participate in the Wealth Opportunities of the AI Era

Everyone is talking about AI applications, but the real money-maker is the person selling the "shovel."

Popular coins

Latest Crypto News

Read more