Feeder cattle futures CME contracts continue to ride strong demand fundamentals, with Southern Plains feedlots reportedly paying above market averages. NOAA’s dry weather forecast could exacerbate young cattle scarcity, sustaining elevated futures pricing. Jan 26 Feeder Cattle closed at $349.725, up $2.550, Act as market-moving global news & events unfold, in a market that trades during extended hours. Analysts forecast that CME feeder cattle futures could test $2.65/lb in the coming sessions if corn markets stabilize. Historically, feed cost moderation has supported feeder cattle pricing, and the USDA’s planned release on feedlot inventory may serve as a key catalyst.
