Daily Cattle Check: February Futures Dip, Feeders Soar on Tight Supply and Screwworm Buzz
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Daily Cattle Check: February Futures Dip, Feeders Soar on Tight Supply and Screwworm Buzz
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This is your Daily Live Cattle Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to the Daily Live Cattle Price Tracker with me, Vanessa Clark. Today were diving into the latest on live cattle prices, futures action, and what it means for you whether youre a rancher watching your herd or just keeping tabs on this key commodity.
First up, the closing numbers from GX94 Radio for Friday. February live cattle futures settled at 232.15, down 3.90 from yesterday. April contracts closed at 233.97, down 4.45. That dip came after a strong Thursday push where February hit 236.05 up 0.90 according to Brownfield Ag News and Feeder Flash reports. Cash markets are holding steady around 232 to 233 for live steers and heifers per USDA auction summaries, with packers delaying trades amid a Tyson plant closing and tight supplies.
Feeder cattle tell a brighter story. March futures reached multi-month highs at 364.55 up 4.85 on tight supplies from the US suspension of Mexican imports due to New World screwworm as noted by The Pig Site. National Beef Wire shows the real-time index at 369.31, with steer trackers around 377.56. Slaughter volumes are balanced at about 469,000 head through Thursday, down from last year but supported by strong beef demand and record-high quality grades from the Ag Center Cattle Report.
Rumors of screwworm spread added early Friday pressure per AgWeb and American Ag Network, but overall tight fed supplies and bullish fund positioning keep momentum alive. Box prices improved over $5 this week, narrowing the choice-select spread.
Actionable tip: If youre marketing cattle, benchmark against USDAs weekly fed cattle report out Tuesdays track carcass weights now at 956 pounds and quality at 86.9 percent choice or better. Time sales around holidays when volumes thin for better leverage.
Thats your daily update, folks. Thanks for tuning in like always. Hit subscribe, share with your ranch buddies, and well catch you next time on the Daily Live Cattle Price Tracker. Take care!
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