Couverture de Cattle Markets Dip as JBS Strike Looms and Boxed Beef Climbs Higher

Cattle Markets Dip as JBS Strike Looms and Boxed Beef Climbs Higher

Cattle Markets Dip as JBS Strike Looms and Boxed Beef Climbs Higher

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This is your Daily Live Cattle Price Tracker with Vanessa Clark podcast.

Hey friends, welcome back to the Daily Live Cattle Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on live cattle prices, market moves, and what it all means for you.

Let's start with the closing numbers from GX94 Radio. April live cattle futures settled at 236.90, down 3.37, while June came in at 233.40, down 3.30. Feeder cattle also slipped, with March at 361.65, down 4.65, and April at 358.75, down 5.27. National Beef Wire reports their real-time index at 373.82, off 1.35, and the CME Feeder Cattle Index at 374.79, down 0.62. Barchart notes midday action had April live cattle dipping to around 236.625, down about 3.65.

The market's grappling with some uncertainty, as DTN points out. Traders are watching a potential strike at the JBS Greeley plant, which could shake up cash trades, though no deals happened this week yet. Cash bids are quiet at 243 to 245 in parts of the North and South. On the bright side, boxed beef prices rose, with choice up 1.80 and select up 1.06, thanks to packers cutting slaughter amid tight supplies and heavier cattle weights. Live equivalent hit 276.97, up 1.11.

Beef exports dipped to a six-week low, but demand looks steady. If you're a producer, keep an eye on those weights and boxed beef trends, as they could steady things. For buyers, this dip might signal a buying window if cash holds firm.

That's your daily update, folks. Thanks for tuning in, like chatting with your best friend about live cattle prices, futures, and market news. Hit subscribe, share with your ranch buddies, and we'll catch you next time on the Daily Live Cattle Price Tracker. Take care!

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