Cattle Market Sees Volatility, Trump Investigates Meat Packers

Live cattle futures experienced a rollercoaster week, with significant losses despite a Friday rebound. Central Stockyards Fed Cattle Exchange sales ranged from $228 to $232, while Northern and Southern sales were slightly higher. Feeder cattle futures also rallied higher on Friday but still saw substantial weekly declines. Former President Trump called for a DOJ investigation into meat packing companies, alleging price manipulation. USDA Wholesale Boxed Beef prices were mixed, with Choice boxes decreasing and Select boxes rising. The total federally inspected cattle slaughter was 555,000 head, a decrease from the previous week and significantly lower than the same week last year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.