Cash cattle fall while boxed beef surges $7.45 per hundredweight. Futures trade below cash amid volatile outside markets.
Cattle futures are sharply lower on Monday with feeder cattle touching limit down at one point on economic uncertainty according to Brad Kooima of Kooima Kooima Varilek.
The High Plains area weekly weighted average direct cattle sales results for the week ending Feb. 22, reported receipts of 57,934 head compared to 46,504 head a week ago and 37,691 head a year ago, ...
April live cattle (LEJ26) futures last Friday rose $1.65 to $237.25 and for the week were up 45 cents. March feeder cattle (GFH26) futures Friday gained $3.35 to $367.425 and on the week gained $7.15.