CLARA LIVE: Crawford Livestock set multiple records on Friday

On Friday, August CME Feeder Cattle futures closed at $298.825, down $1.10. This placed futures $1.84 below the RTI 7-Day Feeder Index at $300.66 and $6.33 under the National Steer Price, which closed at $305.15. The strength in cash prices should provide support to futures to start next week.

  • 🐄 CME Feeder Cattle (AUG):  $298.825  (-1.10) 
  • 📊 RTI Feeder Index (7-Day):  $300.66  (-0.17) 
  • 🏆 National Steer Price:  $305.15  (+3.94)

Crawford Livestock in Crawford, NE set multiple all-time price records on Friday, showcasing the strength of the feeder market. The sale featured the 2nd and 3rd highest all-time prices for 5-weight steers, with 587 lb steers bringing $419.00 and 573 lb steers at $417.50. In the 6-weight category, 688 lb steers brought $360.00, marking the 5th highest price on record. Heavier weights also impressed, with 757 lb steers at $337.00 and 850 lb steers at $320.50, both ranking as the 3rd highest all-time for their respective classes.

Source:  Rob Cook, NationalBeefWire.com