Live cattle futures continue to ignore the strength in spot cash trade with a sharp downside correction last Wednesday, extending into Thursday, pulling $5/cwt.
The 2025 fed cattle harvest has run very close to a year ago with the full production weeks averaging 473,000 head, a 1,600-head increase over the same period last year.
Last week’s fed cattle trade was highlighted by sales late Friday that featured substantially higher prices as packer demand for spot market cattle pressed prices higher in all regions.