Cattle feeder futures extended gains this week

Cattle feeder futures extended gains this week, supported by strong beef export demand. Traders are factoring in a seasonal peak typically seen in late February, with current price dynamics favoring long positions above the $239 level. The company, owned by Louisville-based Brown-Forman, says the move was not sudden, and not heartless. In a statement, Jack Daniel’s said it began notifying farmers about the change back in 2022 and spent “years of careful consideration” evaluating options. If you're new to futures, the courses below can help you quickly understand the Live Cattle market and start trading. Weekend cash market reports gave a small lift to cattle feeder futures, as packers continued paying steady-to-higher bids. This price action reaffirms the market floor around $