Stay cattle futures posted beneficial properties throughout most contracts, with 50 cent to $2.35 beneficial properties within the nearbys, with August carrying the load. First Discover day is on Monday. August was up $3.65 this week. Money commerce has picked up this week to $235-236 within the South, up $3 to $5 from final week, as Northern commerce reported at $247, up $2. The Friday morning Fed Cattle Change on-line public sale from Central Stockyards confirmed $245 gross sales in IA and CO, with $235 gross sales in TX. Feeder cattle futures closed out the Friday session gaining some steam again after the Thursday losses, with contracts up $1.67 to $3.20. August was $3.20 larger on the week. The CME Feeder Cattle Index was up one other 98 cents to $335.89 on July 31.
Managed cash trimmed again 3,150 contracts from their internet lengthy place as of seven/29, taking it to 128,509 contracts as of Tuesday in line with CFTC knowledge. Spec funds had been chopping again 2,680 contracts from their earlier document internet lengthy to 35,126 contracts.
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USDA Wholesale Boxed Beef costs had been blended once more within the Friday afternoon report, with the Chc/Sel unfold widening again out to $22.72. Selection packing containers had been up $1.90 at $364.22, whereas Choose was 87 cents decrease to $340.50. USDA estimated cattle slaughter for this week at 535,000 head. That was down 14,000 head from final week and 57,526 head decrease vs. the identical week in 2024.
Aug 25 Stay Cattle closed at $230.125, up $2.350,
Oct 25 Stay Cattle closed at $223.675, up $0.525,
Dec 25 Stay Cattle closed at $224.425, up $0.500,
Aug 25 Feeder Cattle closed at $334.575, up $3.200,
Sep 25 Feeder Cattle closed at $333.925, up $2.375,
Oct 25 Feeder Cattle closed at $331.850, up $1.675,
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