CLARA CHARTS:  CME Feeder Cattle vs National Steer Prices 

On Wednesday, April 16th, the NSP hit a new all-time high of $296.60, outpacing April futures at $289.95 by $6.65β€”the second-largest spread of the week..

Rob Cook
 |  RobCookKC@gmail.com

National Steer Prices vs CME April Feeder Cattle

  • πŸ“… 04/16 β€” CME: πŸ’± $289.95 | NSP: πŸ† $296.60 | Diff: πŸ”Ί +6.65
    πŸ“… 04/15 β€” CME: πŸ’± $289.38 | NSP: πŸ† $292.98 | Diff: πŸ”Ί +3.60
    πŸ“… 04/14 β€” CME: πŸ’± $288.05 | NSP: πŸ† $287.31 | Diff: πŸ”» -0.74
    πŸ“… 04/11 β€” CME: πŸ’± $285.18 | NSP: πŸ† $292.42 | Diff: πŸ”Ί +7.24
    πŸ“… 04/10 β€” CME: πŸ’± $282.78 | NSP: πŸ† $287.31 | Diff: πŸ”Ί +4.53
    πŸ“… 04/09 β€” CME: πŸ’± $283.75 | NSP: πŸ† $285.53 | Diff: πŸ”Ί +1.78

The gap between CME Feeder Cattle futures and the National Steer Price (NSP) has been widening throughout the week, highlighting the strength of the cash market relative to the board. On Wednesday, April 16th, the NSP hit a new all-time high of $296.60, outpacing April futures at $289.95 by $6.65β€”the second-largest spread of the week. While the two markets were nearly aligned on Monday, April 14th, with a slight negative spread of -$0.74, cash trade surged ahead from Tuesday onward. 

The largest difference was recorded on Friday, April 11th, when the NSP topped futures by $7.24. This consistent premium in the cash market underscores robust feeder demand and strong regional auction momentum, especially in the Plains, as buyers compete aggressively for tight supplies.


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