Cattle futures hit a speedbump due to profit-taking and slipping beef market prices.

From Yahoo Finance: 2025-06-23 15:00:00

Last week, live and feeder cattle futures markets saw profit-taking, closing with bearish weekly low closes. Cash cattle trade was light, with steers averaging $238.00 and heifers $237.00. Fresh beef market prices are slipping, with Choice falling to $390.50 and Select climbing to $376.95. The USDA reported a 1% decrease in U.S. cattle on feed.

Scorching heat in the U.S. Plains states over the weekend caused livestock stress, impacting weight gain. Risk appetite in the general marketplace will influence cattle futures trading, with escalating Israel-Iran war likely to be initially stock-market bearish. Despite challenges, cattle bulls remain resilient, with strong consumer demand for beef.

Cattle futures show limited downside in the near term, with steep discounts to the cash cattle market indicating traders do not expect currently elevated prices to persist. Historically light cattle numbers on feed and strong consumer demand for beef support the resilience of cattle bulls.



Read more at Yahoo Finance: Cattle Hit a Speedbump Last Week. Is This the End of the Bull Run?