Oct 30, 2026
Cattle futures sharply lower to finish the week
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At the Chicago Mercantile Exchange, live and feeder cattle were sharply lower on technical selling and concerns about weakened demand. December live cattle closed $5.35 lower at $220.95 and February live cattle closed $5.27 lower at $224.20. November feeder cattle closed $8.70 lower at $337.77 and January feeder cattle closed $10.17 lower at $331.77.
At the Ogallala Livestock Auction in Nebraska, steers less than 600 pounds were unevenly steady. Steers weighing more than 600 pounds were $5 to $15 lower. Heifers less than 600 pounds were $10 to $20 higher and heifers weighing more than 600 pounds sold $15 to $20 lower. The USDA says demand was moderate to good, but buyers were selective. Receipts were up on the week and the year. Feeder supply included 58 percent steers with 39 percent of the offering weighing more than 600 pounds. Medium and Large 1 feeder steers 557 to 587 pounds brought $440 to $462 and feeder steers 601 to 621 pounds, fancy, brought $426 to $442. Medium and Large 1 feeder heifers 501 to 547 pounds brought $410 to $439 and feeder heifers 903 to 946 pounds brought $293 to $312.
Boxed beef was mixed ...