Feeder cattle futures traders are watching USDA supply

Traders are watching USDA supply reports closely for short-term guidance. USDA Wholesale Boxed Beef prices were lower on Tuesday morning, with the Chc/Sel spread widening to $23.80. Choice boxes were down a nickel at $370.63, while Select was $2.03 lower to $346.83. USDA federally inspected cattle slaughter on Monday at 113,000 head. That was 3,000 head above last week but 6,928 head below the same week in 2024. Self-Study Guide to Hedging with Livestock Futures & Options CME feeder cattle futures edged slightly higher to $243.50/cwt amid reports of tightened supply in the Northern Plains. Weather forecasts suggesting dry conditions could amplify scarcity concerns.