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Cattle Diverge on Thursday

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⚡ Quantum Brief
Live cattle futures rose modestly on March 5, 2026, with front-month contracts gaining 10–20 cents and deferred contracts up 32–92 cents, though no cash trades were reported. Feeder cattle futures dropped $1–$1.75 due to pressure from rising corn prices, while the CME Feeder Cattle Index fell to $368.59, its lowest since early March. USDA reported a 2026 low in beef exports (11,163 MT), led by Japan (3,300 MT) and South Korea (2,300 MT), though shipments hit the second-highest weekly total (14,914 MT). Wholesale boxed beef prices diverged: Choice fell $1.68 to $386.89, while Select rose $0.26 to $380.61, narrowing their spread to $6.28. USDA estimated Thursday’s cattle slaughter at 111,000 head, bringing the weekly total to 433,000—6,000 above prior week but 34,756 below 2025 levels.
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Cattle Diverge on Thursday March 05, 2026 — 07:18 pm EST Written by Austin Schroeder for Barchart-> Live cattle futures edged out higher on Thursday, with contracts up 10 to 20 cents in the front months, with deferreds 32 to 92 cents higher. Cash trade has yet to be reported so far this week. Thursday morning’s Fed Cattle Exchange online auction showed no sales on the 1,224 head, with bids at $238. Feeder cattle futures were down $1 to $1.75 on the day, as strength in the corn market added some pressure. The CME Feeder Cattle Index was down another 34 cents to $368.59 on March 4. The weekly Export Sales report from USDA showed a total of just 11,163 MT of beef sold in the week ending on February 26, a calendar year low. Japan was the top buyer of 3,300 MT, with 2,300 MT sold to South Korea. Shipments were up to 14,914 MT in that week, which was the second largest for 2026.The largest destination was South Korea at 5,000 MT, with 3,700 MT to Japan. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.

Wholesale Boxed Beef prices were higher in the Thursday afternoon report, with the Chc/Sel spread narrowing to $6.28. Choice boxes were down $1.68 to $386.89, while Select was $0.26 higher to $380.61. USDA estimated federally inspected cattle slaughter for Thursday at 111,000 head, with the week to date total at 433,000 head. That is 6,000 head above the previous week but 34,756 head shy of the same week last year. Apr 26 Live Cattle closed at $238.525, up $0.175,Jun 26 Live Cattle closed at $235.275, up $0.100,Aug 26 Live Cattle closed at $233.400, up $0.175,Mar 26 Feeder Cattle closed at $362.600, down $1.325,Apr 26 Feeder Cattle closed at $359.000, down $1.750,May 26 Feeder Cattle closed at $355.525, down $1.475, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from Barchart Cattle Futures Are in Trouble.

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