Beef futures rise on tight provide and agency costs
8 October 2025
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Chicago Mercantile Alternate (CME) stay cattle futures climbed for a 3rd straight session on Tuesday, propelled by rising beef costs and powerful beneficial properties within the feeder cattle market, Reuters reported, citing analysts.
Feeder cattle futures reached their highest level in six weeks on tight provides of animals and an ongoing ban on Mexican imports because of the unfold of the parasitic, flesh-eating screwworm south of the border.
Rising wholesale beef values following a month-long decline, and a few expectations for regular to firmer money costs at feedlot markets this week fuelled power in stay cattle futures.
“The boxed beef was at a low level for now, in order that helps a bit of bit within the quick time period,” stated Matthew Wiegand, a dealer with FuturesOne.
The selection boxed beef cutout worth gained $2.63 to $365.97 per hundredweight, rising for a second straight day after hitting a two-month low late final week, in line with US Division of Agriculture knowledge. The choose cutout was up 91 cents at $348.88 per cwt.
Beef packer margins, nonetheless, remained deeply within the purple, with packer losses on Tuesday estimated at $200.10 per head, down from losses of $184.60 per head every week in the past, in line with livestock advertising advisory service HedgersEdge.
CME December stay cattle rose 1.050 cents to finish at 237.725 cents per pound, holding technical chart assist at its 20- and 50-day shifting averages.
CME November feeders reached their highest level since September 2 through the session and closed 3.450 cents greater at 364.250 cents per pound as provides of animals stay tight.
Imports from Mexico stay shuttered because of the northward unfold of screwworm, together with the newest information on Monday of a case in Nuevo Leon state.
CME lean hog futures completed decrease in a profit-taking setback from latest highs, with benchmark December futures down 1.100 cents at 86.175 cents per pound.
