Feeder Cattle Close Down $9.25. Friday, Oct. 24, 2025

December live cattle ended the day down $7.25 at $233.93 per hundredweight (cwt). January feeder cattle closed down $9.25 at $348.18 per cwt. December lean hogs were up 13¢ at $81.90 per cwt.

“Livestock futures were in the red all day today with feeder cattle posting limit losses for the second time this week,” said Karl Setzer, partner at Consus Ag Consulting. “These losses came on news Mexico’s Minister of Agriculture would be traveling to the U.S. next week to meet with officials regarding cattle trade. The U.S. border has been closed to live cattle imports from Mexico since May when the New World screwworm was discovered in Mexican livestock. This is a highly contagious and deadly disease. The U.S. has since developed a vaccine for the parasite, but the border remains closed. Given President Trump’s desire to lower U.S. beef costs, opening the border to cattle imports may be the quickest way to start rebuilding the U.S. cattle herd. Live cattle were also in the red but found support from a firm boxed market.”

December corn ended the day down 4¾¢ at $4.23¼ per bushel.

January soybeans closed down 1¾¢ at $10.60¼ per bushel.

December CBOT wheat closed down less than a penny at $5.12½ per bushel. December KC wheat was up 1½¢ at $5.01½ per bushel. December Minneapolis wheat was down a penny at $5.57.

Ahead of 3:15 p.m. CT, December crude oil was down 34¢ at $61.45 per barrel.

The S&P 500 Index was up 53.25 points, and the Dow Jones Industrial Average was up 472.51 points.

Ahead of 9:30 a.m. CT, December live cattle were down $6 at $235.18 per hundredweight (cwt). January feeder cattle were down $9.25 at $348.18 per cwt. December lean hogs were unchanged at $81.78 per cwt.

Naomi Blohm, senior market advisor with Total Farm Marketing, said this morning the cattle market is still “balancing government intervention.”

Yesterday, Reuters reported: “U.S. President Donald Trump’s administration is quadrupling the country’s low-tariff imports of Argentine beef in his attempt to lower grocery store beef prices, a White House official said on Thursday, evoking fury from the nation’s cattle ranchers.

“Raising the tariff rate quota on Argentine beef to 80,000 metric tons will let the country ship more of its beef to the U.S. at a lower rate of duty. U.S. beef prices have set records due to tight cattle supplies and strong consumer demand.”

This was one day after USDA announced details of a plan to “fortify the American beef industry” and lower consumer prices.

Ahead of 9:30 a.m. CT, December corn was down 3¾¢ at $4.24¼ per bushel.

January soybeans were down less than a penny at $10.61¼ per bushel.

December CBOT wheat was down 1½¢ at $5.11½ per bushel. December KC wheat was up less than a penny at $5.00¾ per bushel. December Minneapolis wheat was down 2¼¢ at $5.55¾.

December crude oil was up 39¢ at $62.18 per barrel.

The U.S. Dollar Index December contract was down to 98.72.

The S&P 500 Index was up 54.15 points, and the Dow Jones Industrial Average was up 398.36 points.

Tags: feeder cattle, lean hogs, bushel, corn, soybeans, wheat, live cattle