10/08/2026
Cattle futures added about $58 to the value of a 1,400-pound fed steer on Tuesday, the best close since mid-September.
December live cattle jumped $4.125 per hundredweight to $224.10. On a finished steer, that’s like finding nearly $60 in your shirt pocket overnight.
It’s paper money for now. Cash trade for the week hadn’t started yet, and last week’s fed cattle sold for $220 to $226.
Live cattle futures posted their highest close since September 14, according to CME Group.
Will the cash trade catch up to the board this week, or does the rally fade by Friday? Call it.