Cattle futures elevate on tight provide, border closure
1 October 2025
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Chicago Mercantile Change (CME) cattle futures recovered on Tuesday on a decent provide of cattle that has been exacerbated by the closure of the US-Mexico border to cattle imports, reported Reuters.
A looming US authorities shutdown that would begin at midnight inspired warning on livestock futures and wider monetary markets.
CME December stay cattle rose 0.95 cent to finish at 234.775 cents per pound. CME November feeder cattle rose 5.475 cents to finish at 359.35 cents per pound.
CME December hogs closed 1.625 cents decrease at 88.725 cents per pound.
Regardless of beneficial properties, declining wholesale beef costs, weaker money markets and lengthy liquidation have continued to weigh on stay and feeder cattle futures.
Wholesale beef costs have continued a seasonal decline as climate cools and grilling season is put within the rearview mirror. The USDA priced alternative cuts of beef was at $370.63 per hundredweight (cwt) on Tuesday morning, down 5 cents from the day gone by. Choose cuts additionally fell $2.06 to $346.83 per cwt.
Merchants remained on edge concerning the unfold in Mexico of New World screwworm, a harmful livestock pest, after the USDA stated on Sunday that Mexico had confirmed a case lower than 70 miles from the US border.
After the shut of commerce on Tuesday, the US Meals and Drug Administration introduced it had authorized Dectomax-CA1, an injectible anti-parasitic remedy, to stop and deal with screwworm in cattle.
