logo

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

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Popular coins

Latest Crypto News

Read more