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Story perspectives

Cattle Futures Surge as Beef Prices Soar

1/11/2025

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Summary

Story summary

CME cattle futures increased on January 10, 2025, driven by robust cash cattle and beef prices.
March feeder cattle hit a record high, closing at 268.300 cents per pound.
USDA's denial of feeder cattle import resumption from Mexico bolstered market stability.
February lean hogs rose to 81.775 cents per pound, despite a minor dip in pork values.
Boxed beef values climbed, reflecting overall market strength in North America.

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Story summary

CME cattle futures increased on January 10, 2025, driven by robust cash cattle and beef prices.
March feeder cattle hit a record high, closing at 268.300 cents per pound.
USDA's denial of feeder cattle import resumption from Mexico bolstered market stability.
February lean hogs rose to 81.775 cents per pound, despite a minor dip in pork values.
Boxed beef values climbed, reflecting overall market strength in North America.