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Cattle Call: Your Daily Dose of Beefy Market Moves

Cattle Call: Your Daily Dose of Beefy Market Moves

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This is your Daily Live Cattle Price Tracker with Vanessa Clark podcast.

Hello and welcome to the Daily Live Cattle Price Tracker. I’m Vanessa Clark, and as always, I’m here to keep you informed on the most up-to-date news and prices in the world of live cattle trading. If you’re a rancher, investor, or just someone curious about where beef prices are headed, this is your daily stop for the key information that matters.

Let’s jump right in and talk numbers. Today, October thirty-first, the live cattle market has been in the spotlight across trading platforms. According to Trading Economics, live cattle prices currently sit at two hundred thirty-five dollars and twenty-four cents per hundredweight. That’s a slight uptick from earlier this week and marks a 1.66 percent gain compared to yesterday. For perspective, the December live cattle futures contract on the Chicago Mercantile Exchange closed at two hundred thirty-one dollars and ten cents, up just twenty cents on the day. Cash sales have featured northern trades around two hundred thirty dollars and southern sales near two hundred thirty-five—and the Fed Cattle Exchange online auction even saw sales at two hundred thirty-six dollars.

But if you follow market trends, you know this week’s been anything but stable. It’s been a week of record trading volumes, with margins at beef plants reversing and packers pulling more cattle from feedlots at lighter weights. That’s pushing some sellers to market in hopes of catching higher asking prices after an earlier slump. In fact, prices were eight dollars lower in some northern regions compared to last week, which has been a tough pill for cash market sellers.

On the broader scale, market analysts keep a close eye on sentiment, and the general mood has been described as “excessively optimistic.” Historically when sentiment reaches those highs, we often see a trend reversal—so it’s something to watch closely if you’re looking at futures. Bearish patterns have formed on the daily charts, so while prices have rebounded from their recent lows, there’s a chance we could be sitting near a short-term bottom or at least a consolidation phase.

Let’s shift for a moment to demand. Despite all this volatility, consumer appetite for beef remains strong. Choice cutout values are hanging around three hundred seventy-five dollars, which is down from earlier highs but still healthy. This solid demand is supporting wholesale prices even as producers contend with tighter supplies and shorter fed cattle.

If you’re in the cattle business, here are a couple of practical takeaways for the next week. First, hedgers should be cautious—production risk on the cash market remains high, especially with futures taking over as the front month. If you’re managing feed needs, coverage for soymeal through December and corn through November is recommended. Staying agile will be key as prices continue to shift and as packers adjust to changing supply dynamics.

Looking ahead, Trading Economics projects live cattle could rise to around two hundred thirty-six dollars by the end of the quarter and sees potential for further gains next year. But as always, markets respond to news—like recent trade summits between the United States and China, which, while not moving the needle this week, have set the stage for lower trade tensions and potentially stronger demand down the road.

Before I sign off, a quick reminder—if you want to make the most of these daily updates, hit that subscribe button and tune in next time for your essential live cattle price news. Thanks so much for listening. I’m Vanessa Clark, and this has been your Daily Live Cattle Price Tracker. Stay sharp and keep tracking those trends. Talk to you tomorrow.

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