Cash market signals from Oklahoma auctions have reinforced CME feeder cattle futures strength, keeping front-month contracts well above $2.58/lb. Technical momentum indicators suggest slowing upward pressure unless fresh bullish supply news emerges. The 2025 grilling season ended in early September, so it was no surprise that the start of the offseason for demand sent live and feeder cattle prices lower. However, beef futures remain near record-high levels, despite the monthly decline. Lean hogs rallied by just over 5% in September. Act as market-moving global news & events unfold, in a market that trades during extended hours. The CME feeder cattle futures board shows steady premium for spot delivery as retailers stock ahead of Labor Day beef demand spikes. Market technicians identify bullish continuation patterns forming above the $2.58/lb threshold.
