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NewsSignals AI analysis·Reuters·

CME live cattle futures unchanged, feeder cattle futures firm

Grade Bbullish AI signal$LE$FCPO
CME cattle futures were mixed on Friday, with live cattle unchanged and feeder cattle gaining as traders positioned ahead of the USDA's cattle on feed report. September feedlot placements fell to 88% of year-ago levels, below the 92.6% trade estimate and the lowest September reading since 1996, while cattle on feed stood at 100% of last year's level. Lower feedlot placements could tighten future cattle supplies and support feeder and live cattle prices, although falling choice beef prices and weakening packer margins may limit upside.

Bullish strength: 68/100

  • September feedlot placements were 88% of year-ago levels, below the 92.6% trade estimate.
  • September placements were the lowest for that month since 1996, potentially signaling tighter future cattle supplies.

Bearish strength: 32/100

  • Choice boxed beef prices fell $3.68 to $365.79 per hundredweight.
  • Beef packers recorded average losses of $4.10 per head, down sharply from Thursday's profits.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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