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Hog costs slide beneath stress from ample provide – CME


Cattle futures hit new highs on agency beef demand


17 October 2025

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Chicago Mercantile Alternate (CME) stay cattle futures climbed to contemporary contract highs on Thursday as a agency money market and stabilizing beef costs supported the market, Reuters reported, citing analysts.

Feeder cattle have been flat to larger, with close by contracts consolidating after current sturdy positive factors, though the market stays effectively supported by tight provides.

Beef packers are anticipated to pay larger costs for cattle this week to replenish inventories and gross sales costs at some Plains feedlot markets have been up $4 to $5 per hundredweight already this week.

“Cattle confirmed stable positive factors to start out the session as boxed beef is exhibiting indicators of stabilizing after its current sell-off. We had heavier cattle deliveries early within the week, however these have slowed, and packers are once more needing to increase protection,” mentioned Karl Setzer, companion at Consus Ag Consulting.

CME December stay cattle ended 1.100 cents larger at 247.875 cents per pound after hitting a contract excessive of 248.300 cents. All different stay cattle months additionally notched new life-of-contract highs.

The benchmark November feeder cattle contract got here inside 0.300 cent of its lifetime excessive and settled 0.275 cents larger at 380.950 cents per pound. Spot October and the January via Might 2026 contracts posted contemporary highs.

The selection boxed beef cutout dropped by $1.00 per cwt to $265.48 in Thursday’s early US Division of Agriculture report, however remained inside a current $4 vary after a pointy drop in September. Choose cuts have been up 11 cents at $349.27 per cwt.

Beef packer margins remained deeply within the pink, with estimated losses of $175.35 per head on Thursday, in contrast with losses of $197.95 per head a day earlier, in line with livestock advertising advisory service HedgersEdge.

CME lean hog futures fell on Thursday pretty much as good provides weighed on costs.

December hogs fell for the eleventh time in 14 periods and hit their lowest level since August 20. The benchmark contract ended down 1.00 cent at 82.600 cents per pound.



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