Cattle feeder futures market analysts note a steady uptrend
Market analysts note a steady uptrend in cattle feeder futures, driven by cooler feed grain inflation and strong packer margins. The CME April contract is testing resistance around $241, with potential upside toward $245 if slaughter rates maintain current pace. Jan 26 Feeder Cattle closed at $347.350, down $0.475, Connect with a member of our expert Agricultural team for more information about our products. With USDA weekly export sales showing robust beef shipments, feeder cattle futures are finding additional momentum. April contracts holding above the $240 mark could invite further speculative inflows in the short term.
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